Resort swimming pool and palm trees

Timeshare-Pedia

Timeshare rescission period

A rescission period is the time in which a purchaser may cancel a covered timeshare contract. The governing rule depends on the transaction and jurisdiction.

Which date starts the clock?

For a developer purchase covered by Florida's cancellation statute, the purchaser generally has until midnight on the tenth calendar day after the later of signing and receiving the last required documents. The required cancellation notice and any applicable revised disclosures matter. Florida Statutes §721.10 Florida DBPR timeshare FAQs

For an owner resale covered by Florida's separate resale-agreement rule, the required contract notice provides 10 days after the purchaser signs and calls for written notice to the seller. Other jurisdictions and transaction types can use different rules. Florida Statutes §721.065

What to check promptly

  • Identify the transaction type and governing law on the signed agreement.
  • Record the date of signature and the date each required document arrived.
  • Find the written notice instructions, exact recipient and delivery address. Keep the notice and evidence of sending and receipt.
  • Confirm a disputed or unclear deadline promptly with the responsible regulator or a qualified attorney.

For the next steps after the contract is in force, see the closing checklist and the resale buying guide.

See all Timeshare-Pedia guides