Getting out of a timeshare is a complicated process. The maintenance fees are legally binding, and the costs of repairs and food and beverage increase each year, along with inflation. But, if you can afford to take the plunge, you can still get out.
The timeshare industry is full of hype and jargon, and a good timeshare cancellation attorney can help you avoid some of the pitfalls. Some of the best practices include a thorough review of the contract, a clear request to cancel, and an expectation of a full refund.
A timeshare cancellation letter may be the easiest way to go about it. You’ll want to find out what your state and country’s laws are on timeshare cancellation. Generally, rescission periods are specified in the contract, and if your state doesn’t have one, you can contact the consumer protection office for help.
The rescission period is usually about a few days, but it can be longer. In many cases, a timeshare’s rescission period is the shortest time you’ll have to go to get out of the contract.
The rescission period can be short-lived, but you’ll still need to perform the proper steps to get out of your timeshare contract. If you want to be sure you’re out of the timeshare and on your way to the good life, consider using a timeshare exit company.
A timeshare cancellation letter should be mailed to the timeshare provider, preferably certified mail. The company will need to receive it in order to process your request. The letter must contain all the pertinent information, including a mailing date, a clear request to cancel, and a clear expectation of a full refund.