Timeshare Contract Termination
Take Us Up On Our Timeshare Cancellation Service Before It's Too Late
Buying a timeshare can feel like winning the lottery on the first day—perhaps on the second day. However, at this point, you may realize that you have signed up for what will likely become a colossal mistake down the line.
No offense to those satisfied with their timeshare situation; they can have their cake and eat it too, and we are thrilled to let them have it all—however partially.
Having said that, timeshare ownership isn’t for everyone. If the remorse has finally set in for you, we can help you find away to liberate yourself from the burdensome contract.
Let us be your go-to partner in the uphill battle that is timeshare cancellation. Below is a quick primer on how to end your timeshare contract legally.
How Long Do You Have to Get Out of a Timeshare Contract
Laws vary by state and country regarding the permissible duration for timeshare owners to cancel their contracts. Generally, buyers are entitled to a rescission period, typically 3 to 15 days, during which they can cancel the agreement.
For example, you have up to five calendar days in Colorado to rescind a timeshare contract. Conversely, in Nevada, the right to cancel extends until midnight of the fifth calendar day following the signing of the timeshare contract.
State regulations often mandate including cancellation information in the contract, and this right is typically nonwaivable. A written notice is usually required to cancel, even if oral cancellation is legally permissible.
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Get the Timeshare Contract Termination Letter Right
The cancellation letter should contain specific details, including the following:
- Your name
- Your address
- The name of the timeshare company
- The purchase date
- A clear statement of contract termination
Delivery methods for the cancellation notice are typically outlined by state law or specified in the timeshare contract. Hand-delivery, registered, or certified mail may be accepted.
The respective country’s laws dictate cancellation rights and procedures for timeshares purchased in foreign countries. Consulting a local attorney before buying a foreign timeshare is advisable, as is consulting our attorney for timeshare cancellation.
Missed Your Timeshare Cancellation Window? Transfer Ownership!
In certain circumstances, state laws may provide the right to cancel a timeshare contract after the rescission period has expired, as seen in Arkansas. If the rescission period has elapsed and there is no way to end your timeshare contract legally after that, selling it is often the only recourse.
The timeshare market is consistently saturated, with online options available for as low as $1. While attempting to sell your timeshare may result in a substantial financial setback, it’s worthwhile.
You could also check if your timeshare company offers a “deed-back/surrender” option, allowing you to surrender the timeshare for a fee, potentially in the thousands.
Hopefully, you won’t find yourself in such a situation because we’ll be here for you every step of the way!
Avail our timeshare cancellation services today to get out of your unwanted property sooner, preferably within the rescission period, rather than later.
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