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27 cze 2024 · Can I cancel my California timeshare and get a refund? Learn about California timeshare laws, including how to cancel a timeshare deal and when your timeshare might get foreclosed.
Understanding what it cost to get out of a timeshare is essential for any owner looking to make an exit. Exit fees can vary widely, and they are often based on several components. Knowing what to expect helps in planning and budgeting.
The income and expenses of the association, including the amount of assessments you must pay on a periodic basis, usually annually, are shown in the budget of the time-share association.
Before a developer may market or sell time-share interests in a time-share plan in California, the developer must obtain a public report issued by the DRE which discloses many important aspects of the time-share offering.
Typical expenses include consultation fees, service fees, legal fees, and administrative costs. Additionally, be aware of potential hidden fees such as resort transfer fees, title search fees, and miscellaneous costs. Using a professional timeshare exit company can make the process easier.
California timeshare law is generally applied through the California Vacation Ownership and Time-Share Act of 2004. It governs general management of timeshares as well as sale, creation, and enforcement of timeshare laws.
Understand that you have an absolute right to cancel a timeshare in California—provided that you adhere to the specific procedures codified in the California Business and Professions Code, Statute 11238.
