What must be provided to every purchaser of a timeshare?

A Public Offering Statement is crucial in the timeshare purchasing process because it provides potential buyers with comprehensive information about the timeshare development. This document includes important details such as the terms of ownership, the rights and responsibilities of the purchaser, and specific information about the property that can affect their decision-making.

Providing this statement ensures that buyers are well-informed of what they are purchasing and the terms under which they are entering the timeshare agreement. Transparency is vital in such transactions to protect consumers and allow them to make educated choices.

While other materials like a sales brochure or annual financial reports may be useful, they do not offer the comprehensive legal and financial framework that the Public Offering Statement does. The developer's contact information is not a document requirement and does not serve the same purpose in informing the buyer about the product itself.