Trying to cancel timeshare can be a long process, and it’s not always an easy one. You may have signed a contract for a timeshare only to realize that you didn’t like the location or that the contract isn’t as flexible as you thought. You might have also discovered that your annual maintenance fees have increased. This can be an expensive and frustrating expense, especially during the holidays.
Before you sign a timeshare contract, make sure you know your state’s cancellation laws. Some states have grace periods that allow you to cancel your timeshare without penalty. The amount of time for the grace period varies from state to state. Check your state’s consumer protection office for information.
If you want to legally cancel your timeshare, the best way to do it is to send a letter to the timeshare provider. Your letter should include the following: a clear request to cancel, a clear reason for the letter, and details on how you intend to deliver it. You should also send the letter by certified mail. This will ensure that the timeshare company receives future correspondence.
You should also take the time to read the terms of your contract. You may find that the cancellation instructions are included in the contract, or you may have to give the timeshare provider a specific amount of notice.
Most timeshare contracts have a grace period. This means that you can legally cancel your contract within a certain number of days.