Getting out of a timeshare contract is not an easy task. Typically, a timeshare buyer has just three to seven days to cancel. The rescission period can vary from state to state. The number of days is usually mentioned in the sales agreement. It is important to know your rights and to check your state law.
If you want to rescind your timeshare, you need to give your provider a notice in writing. Some companies will allow you to deliver the cancellation notice by hand, while others will accept certified mail. The letter should also include a clear request to rescind.
If you need help with this process, you should seek professional assistance. A timeshare attorney can help you determine whether you are eligible for a refund. They may also be able to find a way to get you out of the contract.
Some timeshare contracts have a “cooling-off” period. This is a temporary window of time during which you can change your mind about purchasing a timeshare. During this period, you can still be forced to pay maintenance fees.
Other timeshare contracts don’t require a formal cancellation letter. This is a good thing. However, you should be aware that you should not include contract details in the letter. You should also send the letter by certified mail to ensure that your provider receives your cancellation notice.
You can also contact the consumer protection office of your state. This will tell you the laws and regulations for timeshare purchases.