The Florida legislature has again trampled on the rights of timeshare owners. The legislature is determined to make it as difficult as possible to resell a timeshare. The reason for this is simple. The timeshare developers have lobbyists, and the timeshare consumer does not!
Let me explain.
Timeshare developers are continuing to sell new timeshare weeks. These weeks can sell for $20,000 or more per week. Their biggest problems are existing timeshare owners who want to resell their timeshare.. Resales can be priced at as much as 50% less than the price the developer charges.
So why would a purchaser want to buy a timeshare from a developer when they can buy the same or a similar property for ½ the price? GOOD QUESTION.
If the timeshare owner buys from an existing owner, than the developer does not earn the profit from the sale. Enter the Florida legislature. They are doing everything possible to make it impossible to resell a timeshare. Does this hurt the consumer? Yes. Does this benefit the timeshare developer and their lobbyists? Yes.
Their latest gambit is to add a retroactive “disclosure” law. This law requires the disclosure of sales and not rentals. Are rentals more prevalent than sales in these tough economic times? Of course. But why have resale companies actually disclose good statistics when that defeats the purpose. The law also imposes retroactive disclosure requirements, and very onerous penalties for non-compliance.
Fairness would dictate that the same “disclosure” requirements would be imposed when the developer “tries” to resell your timeshare (If you think that they will try to resell your timeshare when they are trying to sell their own inventory that they make more profit from I have a bridge in Brooklyn to sell to you.).
Incredibly, the timeshare developer does not have the same disclosure requirement!!
It is time to voice your anger at this outrageous conduct by the Florida legislature.
Please email your support to email@example.com by signing the following petition that is listed below stating your displeasure with the Florida legislature.
I HEREBY OBJECT TO THE CONDUCT OF THE FLORIDA LEGISLATURE IN TRAMPLING ON THE RIGHTS OF TIMESHARE OWNERS WHO ARE TRYING TO SELL OR RENT THEIR TIMESHARE IN THESE TOUGH ECONOMIC TIMES. I HEREBY DEMAND THE REPEAL OF SECTION 721.20(9) FLORIDA STATUTES.
(Include your name, city and state of residence).