How to Cancel a Timeshare Contract During and Beyond Rescission Period
Do you want to cancel a timeshare purchase? It’s not easy because you’re entering into a legal contract with the timeshare or resort developer. You are legally bound to adhere to the provisions of the contract and abide by contract laws. But a team that includes an experienced, knowledgeable timeshare attorney and timeshare industry professionals can help you obtain the release you seek.
Cancellation during Rescission Period Timeshare cancellation is easier to accomplish during the official rescission period. Usually, timeshare companies allow consumers to cancel their purchase within a stipulated time period – most often the timeframe is between three to seven days after purchase. Most US states guarantee a right to cancel timeshare if the contract is signed in the state. If you are still within the timeframe for cancellation, communicate your request for timeshare cancellation in writing to the timeshare company.
What Can Go Wrong? Many timeshare holders do not seek the services of a timeshare attorney if they are still within the rescission period. It’s important to submit the request in the prescribed manner or else your application may get rejected. Even a small mistake such as not following the exact method of delivery can get your request rejected. An experienced timeshare attorney can assist by reviewing the specific terms of the timeshare contract and advising you on the exact steps to follow so that your request does not get invalidated.
Cancellation beyond Rescission Period Because of popular perception, timeshare holders believe it’s virtually impossible to cancel a timeshare beyond the stipulated rescission time period. Many seek release because of ever-escalating timeshare fees that can add up to a substantial amount and reduce the worth of owing a timeshare. The picture is all very rosy during the initial presentation. The reality is something else. Timeshare companies adopt aggressive sales tactics and instances of timeshare fraud are not uncommon. Before you know it, you’re caught in a web with no way to escape.
Legal Solution to End Timeshare Contract In such a scenario, it’s the timeshare fraud practices themselves that can come to your rescue. There may be a timeshare legal solution if you can prove that the company adopted unethical, coercive or fraudulent tactics to lure you. From simple things – like a free meal, trip, gift, event – to fake promises like a buy-back offer or a guaranteed increase in value – can be considered unethical and illegal. The timeshare company can be held legally accountable for using lies, intimidation or fraudulent claims to sell membership.
Consult Specialist Attorney A timeshare legal solution may involve various aspects of law – contract law, general consumer rights and timeshare industry law to name a few. The good news is that expert timeshare attorneys have successfully renegotiated terms with large timeshare and resort developers. Together with timeshare industry professionals and contract law lawyers, they guide and assist timeshare holders obtain freedom from contractual and financial obligations – even if it means filing a lawsuit against the timeshare company. Why put up with exorbitant timeshare fees when the timeshare no longer serves your needs? Consult an experienced timeshare attorney firm to find an appropriate solution for timeshare cancellation!