Vermont § 607 - Time-shares; right to cancel
Full text of Vermont Vermont Statutes Online § 607 — Time-shares; right to cancel, with citation guidance and answers to common questions.
§ 607. Time-shares; right to cancel
- (a) For the purposes of this section a “time-share” means an interest in a project involving
real property acquired by means of a time-share estate or a time-share license. A
“time-share estate” is a right to occupy a unit or any of several units during separated
time periods coupled with a freehold estate or an estate for years in a time-share
property or a specified portion thereof. A “time-share license” means a right to
occupy a unit or any of several units including renewal options, not coupled with
a freehold estate or an estate for years. (b) A purchaser of a time-share shall have a right to cancel a contract of sale for five
days after executing the contract. This right to cancel may not be waived. (c) If a purchaser elects to cancel a contract pursuant to subsection (b) of this section,
he or she may do so by written notice hand-delivered to the seller or mailed to the
developer or to his or her agent for service of process. If mailed, written notice
shall be by certified mail and shall be dated on or before the fifth day. Cancellation
is without penalty, and all payments made by the purchaser before cancellation must
be refunded within 15 days after receipt of the notice of cancellation. (d) A contract for the sale of a time-share shall include in a size equal to at least
10-point bold type the language set forth in subsections (b) and (c) of this section.
A contract violating this subsection shall be unenforceable. (Added 1983, No. 103 (Adj. Sess.), eff. April 1, 1984.)
Frequently Asked Questions About Vermont § 607
What does Vermont Statutes Online § 607 cover?
Section 607 ("Time-shares; right to cancel") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 607?
A common citation format is "Vermont Statutes Online § 607" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 607 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.