Right to Cancel a Timeshare in Florida
In Florida, if you buy a timeshare, you can cancel the timeshare contract up until midnight of the 10th calendar day following:
- the date you signed the contract, or
- the day on which you received the last of all required documents, whichever occurs later. (Fla. Stat. Ann. § 721.10 (1).)
This right of cancellation cannot be waived.
If you want to cancel the purchase contract, you must notify the seller in writing. If you do this, the timeshare company must refund to you the total amount of payments, reduced by the value of any benefits received, within:
- 20 days after it receives your notice of cancellation, or
- within five days after it receives the funds from your cleared check, whichever is later. (Fla. Stat. Ann. § 721.10 (3).)