Timeshare Cancellation is a legal process that can help you legally terminate your timeshare contract. You may be able to get out of the contract without paying any fees or penalties and getting a refund of your original investment. However, it is important to take the time to understand your options and know how to proceed with the process in order to ensure that you are getting a fair deal.
First, it is important to understand your rescission rights as soon as possible. In most states, there is a short period of time during which you can cancel your purchase of a timeshare and receive a full refund of your money. This is called the rescission period and it can vary from state to state, but typically it is around 5-7 days.
If you are within this rescission period, the next step is to write a letter to the seller of your timeshare stating that you are cancelling your contract and you would like a refund of your money. You should refer to the specific language of your contract in your letter so that the seller can understand what you are trying to do.
You should also provide proof that you are cancelling the contract. This can be in the form of a copy of your contract or an invoice from the seller. In addition, you should include your contact information so that the company can verify that it has received your cancellation request.
It is also a good idea to keep copies of all your correspondence with the company that sold you the timeshare. This way, you can easily access them in the future if necessary.
Another thing to remember is that you should not send your rescission letter to the company by email. It should be in writing and you should use a business-like tone when writing it.
Finally, you should ensure that your rescission letter is sent to the right address and that it is not lost in the mail. This is important because it can mean the difference between a successful rescission and not being able to do so.
The best place to start is with the resort or developer that you purchased your timeshare from. They should have a cancellation department that is ready to help you out. If they do not, you can always try to work with an independent company.
Your letter should state that you are cancelling your agreement and that you want a refund of all the money that you paid for your timeshare. This should also mention the dates that you bought it and why you are cancelling it.
You should also be sure to provide a written receipt from the company that sold you the timeshare. It should include the date you purchased it and your contact information. You should keep a copy of your receipt for future reference.
If you are still not able to get out of your timeshare contract, you should consider hiring a lawyer. A lawyer can guide you through the proper legal procedure and help you free yourself from an oppressive contract.
