What the statement can verify
Ask the issuer to identify the exact interest and the statement date. Check the balance, assessments, approved charges, transfer fees and the ownership or usage description it provides. Confirm a loan payoff, title or lien questions, and any right of first refusal separately with the appropriate source.
What to check before closing
- Use the plan's published contact details and the authorized request process.
- Match the statement to the legal description or membership interest in the agreement.
- Check the dates covered and ask how to handle charges or changes through the scheduled transfer.
- Share the verified certificate with the closing professional and reconcile it with the settlement statement.
For covered Florida consumer resale timeshare interests, section 721.15(7)(b) specifies the authorized requesters and the certificate contents, including currently owed charges, approved amounts due within the next 90 days, and legal description and use-plan information the managing entity has on file. Section 721.15 excludes personal property timeshare plans. Florida Statutes §721.15
Use the closing checklist and the fees and due diligence guide to review the remaining charges and documents.