When you want to cancel your timeshare, there are some things you need to do to get the process done right. If you don’t follow the steps correctly, you could find yourself in a legal mess and may have to pay a lot of money to get out of your timeshare agreement.
Start by examining your contract to see if you have any special instructions on how to proceed with the cancellation. Some of these instructions will be spelled out in the fine print, but it’s always best to check your contract for this information.
Understand the Notice Period
Your timeshare contract should state how long you have to provide the company with notice that you are canceling your contract. This is usually between 30-90 days.
Keep in mind that the effective date of your cancellation must also be stated clearly. This will ensure that you can be held responsible for any fees you have incurred.
Include your contact information and address in the letter, along with any other identifying information that the timeshare company might need to locate you.
Be sure to send your cancellation letter through certified mail or registered mail so that you can prove that the company received it. This will make it much easier for you to follow up with them later on and confirm your cancellation.
Write in a Professional Tone
A professional greeting will help you start off your letter on the right foot. It will let the timeshare company know you are serious about your request and that you mean business. It will also set the tone for how your letter is interpreted by the timeshare company, which can be key to its success.
Use a Business Letter Format
The business letter format for your timeshare cancellation letter should be clear and concise. This will allow the timeshare company to easily read your request.
Incorporate the correct contact information, such as the name, address and phone number of the person you are contacting. This will help the timeshare company find you and respond to your cancellation letter.
Explain the Reasons You Want to Cancel Your Timeshare
Many people who choose to cancel their timeshares have been disappointed by a poor resort or the lack of maintenance and upkeep. They also have concerns about their heirs inheriting the burden of maintaining the property.
These people have also been misled by timeshare salespeople who lied to them about the true costs of their purchase.
Fortunately, there are now companies that specialize in timeshare cancellation. These companies have canceled thousands of timeshare contracts and can help you get out of your own.
If you are interested in learning more about how to cancel your timeshare, be sure to visit our website or call one of our friendly customer service representatives for a free consultation today!
We can’t stress enough how important it is to write your timeshare cancellation letter in a timely manner. This is especially important if you are trying to cancel your timeshare outside of the appropriate rescission period.