Timeshare Cancellation – How to Get Out of a Timeshare Agreement
Getting out of your timeshare agreement can be a challenging process. You’ll need to act quickly if you want to rescind your purchase. If you’re not sure what your rights are, get a lawyer’s advice immediately. A good attorney will guide you through the legal process and help you legally get out of your timeshare.
Your best chance at rescinding your timeshare purchase is to take action as soon as you regret your decision. If you’re unable to get a cancellation in the first few days, try to contact your state’s consumer protection office. Check the contract to see if there are any grace periods, and if there are, use the grace period to cancel the contract.
If you’re unable to get out of your contract within the first few days, the resort company may not acknowledge that you sent your cancellation letter. They may try to recoup their costs or make you pay cancellation fees. However, you may still have options after the cancellation period.
Some resort brands have deed-back programs, which allow you to give your property back to the developer. Others offer more options, such as a refund or a post-rescission cancellation.
The best time to rescind your timeshare purchase is before the rescission period ends. It’s important to note that resorts are not legally required to refund any money to you if you rescind your purchase before the deadline. This is because you still have a rescission period.
