Timeshare cancellation is a process that allows you to legally end a timeshare contract and eliminate any remaining maintenance fees or debt. However, it’s important to remember that a timeshare is a long-term commitment and can be difficult to get rid of. Here are a few tips to help you through this difficult process:
Write a Cancellation Letter
One of the most effective ways to get your timeshare cancelled is to write a letter and send it directly to the developer or resort. This should be done as soon as possible, so you can take advantage of your rescission period.
Most timeshare contracts and governing documents have a rescission period that gives you the right to cancel your contract. The rescission periods vary by state and country, but all of them allow you to do so within a specific amount of time after signing your agreement.
Be Wary of Timeshare Sales Opportunists
It’s not uncommon for timeshare sellers to use deceptive sales tactics to convince potential buyers to buy a timeshare. They may make promises that aren’t true and exclude important information that they should have included in their sale materials. These tactics have tainted the industry and made it harder for customers to find out what they’re getting themselves into.
Be sure to read the fine print and understand how your rescission rights work. The more you know, the better prepared you will be when dealing with the sales representative.
A good timeshare exit company should offer you a money-back guarantee. They should also be transparent throughout the entire process. They should be 100% in-house, so they can provide you with the support you need to get out of your timeshare contract.
Ask for a Letter
When it comes to writing your rescission letter, there are many things you should keep in mind. The most important thing is to write a short and clear letter that clearly states your reason for wanting to cancel your timeshare. You should include details such as why you want to cancel, the dates that you plan to cancel and your contact information. You can even include pictures if you have them.
Ensure that you send your rescission letter by a priority mail service with tracking so you can be sure it gets there safely. You should also make sure to keep track of the date and time of your letter’s receipt.
Do Not Let the Rescission Period Expire
It’s important to remember that your rescission period is a legal requirement and should be respected. Most timeshare laws require that contracts have an express rescission policy. This should be included in your governing document or contract.
The rescission period for your timeshare might be longer than you think. In some cases, it might be up to 14 days after you sign your agreement. It’s best to consult with an attorney who can explain the specifics of your situation.
If your rescission period has expired, it’s likely that you won’t be able to get out of your timeshare without help. That’s why it’s important to talk with an experienced timeshare exit company like EZ Exit Now, who can help you figure out your options and how to get the most out of your rescission period.
