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How to Cancel a Timeshare Contract. To guard against potential legal problems, collect proof that a timeshare contract was canceled within the cooling-off period. Put the cancellation in writing and send the letter by certified mail before the cooling-off period expires. Don't forget to request a return receipt, too.
your name as it appears on the contract. Your address, phone number, and email address. The name of the timeshare company or association. A description of the timeshare. The date you purchased the timeshare, and.
Because of the nature of timeshare selling, most states have enacted laws that allow timeshare buyers to cancel contracts if they act quickly. This means that if you've entered into a timeshare contract and are having second thoughts, you can cancel the contract.
But the costs can give you sticker shock: Typical costs to get out through one of the large specialist agencies can range from $4,000 to $12,000. Timeshare Exit Team, which doesn't sell timeshares but aims to dissolve your legal contract, is reported to cost thousands itself and can take years.
Contact the Resort. Some resorts may have their own timeshare exit programs. Find a Buyer. Rent the Timeshare. Give It Away. Deeded Timeshare Donation. Timeshare Contract Loopholes. Timeshare Exit Team. What Not to Do.
Check Your Contract. Many timeshare contracts contain a recession or retraction period. See if the Company Will Buy it Back. See if the Company Will Take it Back for Free. Sell Your Timeshare. Give Your Timeshare Away. You're Stuck With One Company. You May Not Use It. They Cost a LOT.
But the costs can give you sticker shock: Typical costs to get out through one of the large specialist agencies can range from $4,000 to $12,000. Timeshare Exit Team, which doesn't sell timeshares but aims to dissolve your legal contract, is reported to cost thousands itself and can take years.
How to Cancel a Timeshare Contract. To guard against potential legal problems, collect proof that a timeshare contract was canceled within the cooling-off period. Put the cancellation in writing and send the letter by certified mail before the cooling-off period expires. Don't forget to request a return receipt, too.
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