Cancel Timeshare Contract

If you have just recently purchased a timeshare deed and are now reconsidering your purchase, you are going to want to make sure that you know if you have the right to cancel your timeshare and if so, when and how you can cancel timeshares contract should that be your end decision. It is okay if you made an impulse purchase and all you were left with was a timeshare you do not want and a little voice in your head saying, “I need to cancel my timeshares now.”

Canceling a timeshare contract is complicated by nature because, as you might suspect, timeshare resort owners do not want their recent buyers to get out of their timeshares and cloak timeshare laws in convoluted language. As a matter of fact, timeshare purchases are one of the most recognized impulse buys around; so they know that you are not sure of your purchase, but proceed to get you on the sale anyway. Fortunately, we have listed here a three step procedure for canceling a timeshare contract that every timeshare owner should be aware of.

The first step always begins with reading you contract all the way through and look for the specific details concerning cancellation policies. Now, look and see where the submission of rescission request deadline is. This is the most important piece of information on your contract; without knowing the end of your timeshare cooling off period, timeshare contract cancellation will not be possible. All you need to know is in the contract; you just have to review it carefully and actually look for it. Immediately make note of your rescission deadline and all the instructions they have listed there about timeshare cancellations.

After looking through all the information within the contract, the next step is to write a request for cancellation. The best cancellation notices are usually rather short and direct. In the request, you do not have to explain anything to anyone or even why you decided to cancel. All the timeshare resort owners need to know is that you are done with timeshares. Simply stated, you are exercising your right to rescind your contract per the terms of your agreement. In your cancellation letter, make sure to include your name, address, contract number and date of purchase. If a deposit was taken, be sure to request that it is returned. With any luck, the timeshare company that you used will have a form available to make the process as simple as possible. If this is the case, go ahead and use that instead.

The last step in the process is to send that rescission letter, or form if the timeshare company has one available, before the deadline to cancel your timeshare contract. Save a copy of the document for your records and then send your letter via certified mail. Be sure to request a return receipt to ensure its delivery and to make sure that there is proof the transaction went through. One last helpful tip is to try and make sure that your letter is even postmarked before the deadline so that you have proof that you mailed it in a timely fashion.

Now you have completed your side of the cancellation process, but be sure to know that the transaction is not finished until you receive verification. You are going to want to stay on top of the company so that they are aware you are fully in control of the situation and will not be falling for any attempts to trick you into believing that you filed your document too late. If you have not heard back from the timeshare company, contact their corporate headquarters and follow up with them about it. If you have done everything correctly as listed in this article, then there should be no problem with getting out of your timeshare.

If you are still having timeshare problems, or unfortunately you missed your rescission period deadline, do not worry, there are still options available to you. Many people actually do end up missing their cancellation time frame and are stuck in the situation where they don’t know how to get out of a timeshare. If you buy timeshares and decide later on that you do not want them, there is an answer to your problem. The answer is simple: Timeshare Relief. Timeshare Relief is a timeshare transfer company that will provide you with the perfect Timeshare Exit Solution. Timeshare Relief has been an industry leader for years and strives to help as many dissatisfied timeshare owners as possible with customer satisfaction reigning as the highest of priorities.

Featured TSR
Consumer Advisor

Eric Malloch

Eric grew up on the beaches of Hawaii and learned about the timeshare industry at a very young age. He has been blessed with extraordinary determination and intelligence that allows him to help timeshare owners escape their burdens.

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