You might have purchased a timeshare thinking it would be the perfect way to take vacations every year, but now you are dreading those maintenance fees and have no desire to go back. If you are facing this situation, there is no need to worry; you have rights that allow you to cancel your timeshare.
Almost every state has a law that allows you to rescind your timeshare contract within a certain period of time, usually from 3 to 7 days. These laws are intended to protect people who are feeling pressured to make a purchase they don’t really want.
In many cases, the rescission period is mentioned in fine print in your resort sales agreement, but it can be difficult to locate that information. If you are unable to find the information you need, call the resort to see if they can provide it for you.
Once you have the rescission period information, it is easy to contact the resort and let them know that you no longer want to stay at the property. This can be done through email, phone calls, or mail.
Some states even have a specific website that you can use to make your timeshare cancellation. In addition, each state has its own rescission laws so it is important to read through your state’s laws to see if you can legally cancel your timeshare.
If you are not sure whether your state’s laws allow you to rescind your timeshare, it is a good idea to consult with a legal expert who is experienced in timeshare contracts and rescissions. A good attorney can help you determine if your state has the right rescission period and can also advise you on how to write your letter.
When you do decide to cancel your timeshare, make sure you do so in writing and keep a record of the correspondence. This is the best way to ensure that you can follow up on any issues with the resort or developer.
Most legitimate timeshare exit companies will offer a money-back guarantee and/or another type of guarantee such as escrow. This will protect you from scammers since they won’t have access to your funds until the timeshare is cancelled.
Oftentimes, it can be a challenge to choose the right timeshare cancellation company. There are hundreds of options out there, so it can be difficult to know who is trustworthy and who will actually be able to cancel your timeshare in a reasonable amount of time.
However, a legitimate timeshare exit company will be able to help you cancel your timeshare without any hassle or stress. They will also be able to provide you with a written refund when the contract is completed.
Once you have selected the right company, it is essential to follow their instructions. You may be tempted to skip some steps or to change the details of your contract, but it is important to stick to the instructions.