If you own a timeshare, it may be time to take the plunge and get out. The good news is that it’s relatively simple to cancel a timeshare. You simply need to follow a few steps to ensure that you are in a position to do so.
There are a number of variables involved in the process of canceling your timeshare. You’ll need to make sure that you have a legitimate exit company, as well as a solid plan. In addition, it’s wise to check out the timeshare rescission period. This is the legal window of opportunity in which you can give back your timeshare to the developer.
Some states allow you to rescind a timeshare within five days. Others only provide three or fifteen days. However, you should know that some resorts and developers do not accept cancellation letters. Therefore, you will have to make sure that you follow state laws if you want to be successful.
One of the most important things you need to do is write a proper cancellation letter. Your letter must be formal and include your intent to rescind the contract. Aside from stating your reason for canceling the timeshare, you will also need to include details about the length of the rescission period. It is very common for timeshare companies to misrepresent the actual rescission period, so you’ll need to double check the law in your area.
To make sure that your letter is as effective as possible, you should list the most important reasons to cancel your timeshare in a logical order. This will help you to avoid writing a long letter, and will also make your letter more readable. Similarly, you can include the best and the worst parts of the agreement in a single paragraph, or break up the whole thing into bullet points.
If you aren’t certain how to go about canceling your timeshare, there are a number of services that can help you. For example, Cancel By Owner is a website that will offer you assistance in the cancellation of your timeshare. These services are often aimed at consumers who have been cheated by timeshare scam artists.
Another way to cancel your timeshare is to hire a service to do the work for you. These companies will perform the necessary exit research to determine whether or not your contract can be canceled, and they will then draw up the appropriate documents. They will also deliver these documents to the timeshare management company. Many of these services will even courier them to the relevant developer. Depending on your situation, you may also require the help of a title company, attorney, or other type of third party.
When it comes to getting your timeshare cancelled, it’s always a good idea to seek the advice of an experienced professional. Timeshare cancellation services can provide you with guidance and assistance, and they will work to ensure that your contract is canceled as quickly as possible.
