The timeshare cancellation process can be stressful, confusing and costly. Not to mention, it takes time and resources you might not have available to you.
The Right to Rescission
If you are considering canceling a timeshare, it is important to remember that most states and foreign countries have laws that allow buyers of timeshares to rescind their purchase within a certain number of days. This can be a great option for people who have become dissatisfied with their purchase and wish to cancel it before the deadline has passed.
However, it is also important to note that state law often requires timeshare contracts to include information about this right. The contract will tell you how long you have to rescind the purchase and how to deliver your letter to the seller. It is important to follow this instruction as carefully as possible to ensure that your rights are protected.
Getting Your Letter Out the Door
A smooth-talking salesperson can be very persuasive, and they are likely to try to upsell you or renegotiate your contract to keep you from canceling. It is important to write a strong and clear request for cancellation.
Your letter should address the specific property, the developer and the date of purchase. You should also explain why you wish to cancel your timeshare and why this is the best decision for you. The letter should be sent by registered mail, if possible. It should also contain a copy of your contract.
The letter should be sent to the cancellation department of the timeshare management company as well as the relevant developer. It should be accompanied by copies of your contract, the cancellation section and other paperwork.
You should also provide proof of mailing, such as a postmark date or a receipt with a return address. This will make sure that your letter gets to the right place and is counted as a successful cancellation.
A good timeshare exit company will work with you personally to get your letter out the door. You should also expect them to meet with you in person, assess your situation and provide a plan that addresses your unique needs.
Using a professional will save you time and frustration. They are experts in the field and know how to navigate the timeshare cancellation process quickly and easily.
How to Send Your Cancellation Notice
The rescission period can be a short one, but you need to follow all of the instructions in your contract to ensure that you are not penalized for not delivering your cancellation notice. You can usually deliver your letter by hand or through the mail, but some developers will require you to send it via registered mail and other means. You should also be sure that the date of delivery is within the rescission period.
Your letter must include all necessary information and must be dated to protect your rights. It should also be signed by you, if you haven’t already.