Florida Statutes Chapter 721, known as the Florida Timeshare Act, regulates the creation, sale, operation, and resale of timeshare plans and vacation clubs in Florida. Its primary purpose is to protect consumers by requiring clear and detailed disclosures about what is being sold, including the nature of the ownership interest, usage rights, fees, restrictions, and risks. The statute grants purchasers a strong right to cancel a timeshare contract within 10 calendar days after signing or receiving the required public offering statement, whichever occurs later, with a full refund of amounts paid.

Chapter 721 also strictly governs sales and marketing practices, prohibiting deceptive or misleading representations, regulating promotional incentives, and requiring proper licensing of sales personnel. Buyer funds are generally required to be held in escrow until cancellation rights expire, and the statute establishes rules for the management and operation of timeshare associations, including budgeting, assessments, and maintenance responsibilities. In addition, it regulates timeshare resales and transfer services to combat fraud, limits advance fees, and provides enforcement authority to the state and courts to impose penalties, rescind contracts, and protect purchasers and owners.