Timeshare cancellation is the process by which a timeshare owner can legally get out of their timeshare contract. Depending on the circumstances, this can be done through various methods. Generally, this can include the use of the rescission period within the state laws and a written letter.
If you have been thinking about getting rid of your timeshare, the first step is to review your options. You should look for a company that is experienced in timeshare cancellations and will guide you through the process. It is a good idea to find a company with a strong reputation, firm fee structure and flexible payment plans. You should also do some research online to make sure that you are dealing with a legitimate company.
Oftentimes, timeshare salespeople are guilty of making deceptive and misleading promises to customers. In addition, they may not tell buyers all of their rights regarding the timeshare purchase. This is why it is important to read the entire contract carefully.
The Law & Rescission Period
Every state has a rescission or “cancellation” period that is available to timeshare owners. This period is usually a short one, and it allows you to get out of your timeshare if you want. The length of the rescission period is usually between 3 and 7 days, but it can vary by state.
There are many reasons why someone would choose to cancel a timeshare, including lifestyle changes like moving or rising maintenance fees. However, it is crucial to remember that the timeshare industry has spent a lot of money on delaying, confusing and discouraging consumers from exiting their timeshares.
This has ruined the reputation of the timeshare industry and has led to more and more people looking for alternatives, such as timeshare exit companies. These companies offer an alternative to the high maintenance fees that are associated with timeshares. In addition, they can help you to get your money back, if you have paid for it. Ultimately, this is a good thing for consumers, as it means that they are free to cancel their timeshares and have financial freedom.