Clean mark in the Timeshare Agreement

Aug 6th, 2022
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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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Timeshare cancellation is the process of exiting a timeshare purchase and receiving a full refund, without penalty. Though this is possible, there are some caveats. Most importantly, your cancellation must be executed within a certain period of time after purchase.
Check out these four great options (and three to avoid). Use the Recission Period. If you recently purchased that timeshare, you might be able to get out using the recission period. Ask the Resort to Take It Back. Sell Your Timeshare. Use an Attorney.
Timeshare Rescission Period Whether the rescission period is three days or two weeks, its up to you to beat the deadline. Some contracts allow buyers to verbally cancel their contracts, but you dont want to rely solely on a conversation. Most of the time, you are required to notify the seller in writing.
Even if your state allows you to cancel a contract verbally, its important to send your cancellation notice in writing so that you have a paper trail and proof that you acted in ance with state laws. After you write your cancellation letter, print it out so can you mail a hard copy to the timeshare company.
Canceling Your Timeshare Contract Most of the time, you must send your cancellation in writing. Even if the law allows you to cancel the contract orally, preparing and sending a timeshare cancellation letter to the seller is a good idea.
Usually there are maintenance fees that you have to pay as long as youre the owner, and the contract often requires that they increase every single year. Most timeshare companies wont let you just walk away because thats their business model. Once youre locked in, youre locked in.
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.
How to get out of a timeshare without ruining your finances Use the rescission period. Try a timeshare deed-back. Hire a contract law attorney. Sell your timeshare on the resale market. Find a timeshare exit company.

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