Methods You Might Use to Cancel a Timeshare Contract

Jane Campbell August 15, 2018
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Timeshare colorful word on the wooden backgroundHaving a vacation is one of the best ways to unwind and rejuvenate nowadays. Most resorts now allow you to buy a share of the resort for a specific period. This timeshare arrangement guarantees you a superior vacation experience at least annually.

But sometimes, people might realize that the deal was not as good as the salesperson touted it to be. A timeshare contract is however legally binding and not easy to get out of. Here are some methods a timeshare cancellation lawyer might recommend to get you out of a timeshare contract:

Invoke the Rescission Period

All timeshare contracts have a rescission period during which you can cancel the contract. The legally allowed rescission period varies among states but is typically 3-15 days. If your rescission period has not elapsed, your lawyer will send a detailed letter to the resort canceling your contract.

Sell Your Timeshare

Most salespeople make selling your timeshare a good idea if you no longer want it to sound like a piece of cake when wooing you to get one. If you decide to sell your timeshare to cancel the contract, however, you will find out this is not easy. There are various hurdles most resorts include in contracts and many con artists who might take advantage of your eagerness to sell.

Return the Timeshare to the Resort

This method requires a high level of diplomacy. To return your timeshare, you should have paid all its dues first. You will then contact the resort and tactfully let them know you want to cancel the timeshare. Most resorts charge a fee for the return.

The above methods of timeshare cancellation might look straightforward, but they are far from it. There are various legal ramifications and documents involved in each of these cancellation methods. Without an attorney, you might find yourself sued by the resort for a breach of contract.

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