lizfox
TUG Member
I have a few of questions about the Florida Addendum to Resale Agreement:
1- Is the Florida Addendum required for EVERY Florida timeshare sale (including a sale through an individual owner as well as a company)?
2- I understand that if both the buyer and the seller don't sign this agreement, the contract can be cancelled anytime within a year after the resale timeshare contract was signed. Does Florida charge a monetary penalty if the Florida Addendum to Resale Agreement is not included?
3- When did this law start? Is this part of the 1001 Bill that will start July 1, 2012 that I've been reading about on TUG, or has this been in place for a while now? It doesn't seem like a lot of companies are using The Florida Addendum as part of their contracts. Are other people finding this is the case?
1- Is the Florida Addendum required for EVERY Florida timeshare sale (including a sale through an individual owner as well as a company)?
2- I understand that if both the buyer and the seller don't sign this agreement, the contract can be cancelled anytime within a year after the resale timeshare contract was signed. Does Florida charge a monetary penalty if the Florida Addendum to Resale Agreement is not included?
3- When did this law start? Is this part of the 1001 Bill that will start July 1, 2012 that I've been reading about on TUG, or has this been in place for a while now? It doesn't seem like a lot of companies are using The Florida Addendum as part of their contracts. Are other people finding this is the case?