Step-by-Step Guide: How to Cancel Your Timeshare Contract

You’ve purchased a timeshare and you want to get out of it, but you don’t know how to go about it. Fortunately, you have the right to cancel your timeshare within a specific period of time (called the rescission period), which varies from state to state and country to country.

The first step to canceling your timeshare is to understand the laws surrounding it. Almost every state has a rescission law that allows owners to back out of their timeshare contracts within a certain period of time after signing the contract.

If you don’t know what your rescission period is, you can find it by reading through the terms and conditions of your agreement or governing document. Usually, this information will be in a small font.

During this rescission period, you can send your cancellation letter to the resort. You should make sure that your letter is written in a professional manner and that you have included all of the required documents with it. You can also send it by certified mail to ensure that it makes it in time.

When you’re preparing your letter, be sure to include the dates you signed the contract and any other information that would help the developer or resort verify your intention to cancel. It’s also a good idea to include the address and contact information of the person who should receive it.

Once you’ve written your rescission letter, you need to mail it in as soon as possible. It’s best to use USPS Certified Mail for this process. This will save you some money on shipping and it will guarantee that the resort has received your rescission notice before the deadline.

The second part of getting out of your timeshare is to hire an exit company that has the expertise and experience needed to deal with timeshares. You want a company that has worked with timeshare cancellations before and that is familiar with the laws that apply to this type of real estate purchase.

You should look for a company that has worked with many clients in your situation and has a proven track record of success. You should also choose an exit company that is transparent about their pricing and uses a subscription model to facilitate communication between the client and the exit team.

A timeshare cancellation company should offer personalized messaging to each of their clients, ensuring that they can speak directly to the client and answer questions quickly. Howard at Cancel Timeshare is able to provide this service by using Baremetrics’ People Insights, a tool that enables him to view all of the information he needs about his clients, including their timeline in Cancel Timeshare.

In addition, they should offer a simple and straightforward cancellation process that minimizes stress for their clients. This is particularly important for those who have recently suffered financial hardship, and it’s something that they take seriously.