Timeshare Resale Contract Template (Page 6 of 6) in pdf

FLORIDA ADDENDUM TO RESALE AGREEMENT

The current year's assessment for common expenses allocable to the timeshare period you are

purchasing is $_______. This assessment, which may be increased from time to time by the

managing entity of the timeshare plan, is payable in full each year on or before ____________.

( ) This assessment includes yearly ad valorem real estate taxes.

( ) This assessment does not include yearly ad valorem real estate taxes which are billed and

collected separately. The most recent annual assessment for ad valorem real estate taxes for the

timeshare period you are purchasing is $_______.

( ) A delinquency in the amount of $_______ for unpaid common expenses or ad valorem

taxes currently exists with respect to the timeshare period you are purchasing, together with a per

diem charge of $______ for interest and late charges.

For the purpose of ad valorem assessment, taxation, and special assessments, the managing entity

will be considered the taxpayer as your agent pursuant to section 192.037, Florida Statutes. Each

owner is personally liable for the payment of the owner's assessments for common expenses, and

failure to timely pay these assessments may result in restriction or loss of your use and/or ownership

rights.

There are many important documents relating to the timeshare plan which you should review prior

to purchasing a timeshare period, including the declaration of condominium or covenants and

restrictions; the association articles and bylaws; the current year's operating and reserve budgets; and

any rules and regulations affecting the use of timeshare plan accommodations and facilities.

You may cancel this contract without any penalty or obligation within 10 days after the date

you sign this contract. If you decide to cancel this contract, you must notify the seller in

writing of your intent to cancel. Your notice of cancellation shall be effective upon the date

sent and shall be sent to the seller at the address indicated in paragraph one of this

agreement. Any attempt to obtain a waiver of your cancellation right is void and of no effect.

While you may execute all closing documents in advance, the closing, as evidenced by

delivery of the deed or other document, before expiration of your 10-day cancellation period,

is prohibited.

________________________________

__________________________________

Seller

Buyer

________________________________

__________________________________

Seller

Buyer

Timeshare Resale Contract Template Page 6