Timeshare cancellation is the process of rescinding a timeshare contract. This is a legal right given by state law and it allows the purchaser to get back their money within a certain number of days following their purchase. The specifics of rescission vary by state, but you should always review your timeshare contract to see what the rules are for your area.
If you’re still in your rescission period, you should write a letter to cancel your timeshare as soon as possible. This will help you get rid of your timeshare quickly and avoid any problems that could arise later on, such as loss of points or services. You can do this even if you’re on vacation – many resorts have business centers, and most hotels and restaurants have computers for use.
Rescinding a timeshare can also be done via telephone. If you have the phone number for the proper department, call and follow the instructions provided. Some companies may provide you with a form or a letter to fill out, which will save you time by having all of the information ready. In either case, you should read through the paperwork and follow any instructions regarding how to submit your letter. Some companies may require in-person delivery, while others will require you to send it through certified mail.
You should also read your timeshare agreement to find out the details of the rescission process, as well as what to do if you want to keep the timeshare and want to negotiate an alternative resolution with the company. Many times, the company will agree to give you more time to pay your maintenance fees or let you transfer your ownership.
Timeshare cancellation is often a daunting task for many owners, which is why it is important to seek out professional guidance from an experienced timeshare exit company. This will not only ensure that you’re working within the boundaries of your state laws, but it will also give you more options than simply attempting to sell your timeshare on the open market.
When working with a trusted timeshare cancellation company, you’ll work with an initial assessment representative who will determine if your situation qualifies for their services. They will then draft the appropriate letter and gather any other documents that are needed to complete your timeshare cancellation. These will then be sent to the company’s cancellation department and the proper timeshare developer, as directed by your state law.
Almost every timeshare owner has the right to cancel their timeshare under certain circumstances and within a specified amount of time. In addition, consumer protection laws often offer remedies for those who were deceived into signing their timeshare agreement. However, it’s important to understand the legalities of your situation and consult a qualified timeshare cancellation specialist for more details. This will be the best way to ensure that your timeshare cancellation is a success.