Cooling Off Period
The Cooling Off Period is a period of time whereby the purchaser of a timeshare vacation ownership, has the right to cancel an agreement with no monetary or financial penalty incurred. This period of time defers depending on the Country where you have purchased, but is usually at least 10 days from the date of the signed agreement. It is best to check your signed agreement for the exact date. The Cooling Off Period has been adopted to protect the buyer from purchasing under duress caused by aggressive sales techniques, for example. It maybe advisable that while within your Cooling Off Period, you may have a lawyer or solicitor look through the paperwork to check the details, there may be additional information which has not been disclosed i.e., lease date if applicable, maintenance fees correct, levies if again applicable have been disclosed etc.
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