Timeshare Cancellation – How to Get Out of a Timeshare Agreement
Getting out of a timeshare agreement can be a daunting task. However, there are steps you can take to get your timeshare cancelled and back in your hands. If you are wondering where to begin, consider hiring an attorney. They can help you navigate your way through the complexities of the legal system and explain what you need to do in detail.
The first step is to read the contract carefully. It may contain a number of jargon-heavy terms that are not relevant to your situation. It is also worth noting that the rescission period varies from state to state. The good news is that it is often only a few days. You’ll also need to follow the cancellation instructions that came with the contract.
You should also find out if there are any rescission programs offered by the resort. Some brands offer a deed-back program, which means you can give the company the deed to your timeshare and get out of the contract.
During your cancellation period, you should send a letter to the company explaining your intentions. You should include a clear request to cancel your purchase and include any other relevant details. You should also use certified mail to ensure that the company receives your letter. You’ll want to keep extra copies on hand just in case the resort doesn’t acknowledge receipt of your letter.
The other thing you should do is to learn about your state’s laws. Each state has its own timeshare cancellation requirements, and you should know yours before you sign the dotted line.
