Getting out of a timeshare contract may seem like a tough task. However, there are ways to rescind a timeshare purchase legally.
First, you will need to write a formal letter stating your desire to rescind your contract. This letter should be sent to your timeshare provider via certified mail. The letter should include a clear statement of the purpose for sending the letter and a date. You should also include a copy of the timeshare contract.
Whether you are a timeshare owner or a timeshare provider, you will need to follow the state’s cancellation laws. These laws are in place to protect consumers. If you do not follow them, your cancellation may be denied. You may also face legal action.
You may also have to pay a surrender fee. These fees are used by timeshare providers to cover maintenance expenses. If you fail to pay these fees, the provider may file a debt with a collection agency or take you to court.
Depending on the state where you purchased your timeshare, you may have a certain number of days to rescind your timeshare. If the number is not stated in your contract, you may want to contact your state’s consumer protection office.
When you’re looking for a company to help you rescind your timeshare, choose a company that is transparent and honest. You want to choose a company that offers a free consultation. The company will also keep you informed on your options.