Getting out of a timeshare can be a complex task. Depending on the type of timeshare contract you signed, there are a number of things you can do to make your exit easier.
A timeshare cancellation letter is one way to get your timeshare off your hands. However, you must do it within the correct time frame. For example, you must cancel your timeshare within 10 days of your signing the contract in Florida, or seven days in Hawaii. There are also other methods that will allow you to legally get out of a timeshare, such as a timeshare transfer or a deed-back program.
A timeshare cancellation letter should be written in plain English and contain all the key information. For example, you should include a clear request to cancel, a well-thought-out reason why you are cancelling, and an expectation of a refund. You should also mention the name of the company you are writing to and follow the company’s directions for sending your letter.
A timeshare cancellation letter should also be sent certified mail so that you can be sure the company receives your letter. Also, make sure the letter contains the oh-so-important proof of mailing date.
It’s also worth noting that you can legally cancel a timeshare in some states, such as Nevada. In Michigan, you can legally cancel your timeshare within nine days of signing the contract, and in Detroit, you have a similar window of time.