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Commonly Asked Questions about Time-Share Legal Forms

How can I legally get out of my timeshare?

To get out of a timeshare legally, consider these options: Use the rescission period. Call the timeshare developer. Rent your timeshare out. Sell your timeshare on the resale market (but expect to take a hit). Gift your timeshare to a friend, family member or stranger.

What is the average cost to get out of a timeshare?

Many timeshare cancellation companies do not offer publicly available pricing. Cancel Timeshare is the only company with set pricing that is available for anyone to see online. However, we know from experience that the cost to cancel a timeshare usually ranges from $3,000 to $8,000 per contract or deed.

How to legally exit a timeshare?

In short, if owners dont want to or cant afford to pay their maintenance fees, selling a timeshare is one of the best ways to get out of it. Using a Licensed Real Estate Brokerage like ours is the best way to get rid of your timeshare legally.

Can you legally walk away from a timeshare?

Once youre locked in, youre locked in. In fact, many people have reported that when they went to the timeshare company and asked to walk away or told them they couldnt pay anymore, they were just pushed into yet another sales presentation trying to sell them a replacement timeshare.

How can timeshares be legal?

Deeded timeshares let you buy a specific unit for a specific week each year. Legally, these timeshares are considered real property that your heirs may inherit.

How do I legally refuse a timeshare inheritance?

Refusing a timeshare inheritance involves a formal process. You need to file a Disclaimer of Interest, a written refusal to accept the timeshare. A qualified estate attorney can help you with the paperwork.

Is there a legitimate way to get out of a timeshare?

Use the Rescission Period If you recently purchased a timeshare and are having second thoughts, take advantage of rescission laws, which allow buyers to cancel their timeshare ownership. These laws vary state to state, so review the laws in the state where your timeshare is located.

Are timeshare contracts enforceable?

Right-to-use timeshare You dont have ownership rights, but you do sign an enforceable contract that gives you exclusive rights to use the property. In this sense, its more akin to a long-term rental agreement than traditional property ownership.