Canceling your timeshare is not an impossible task. Companies often try to ensure that when a customer wants to rescind their timeshare property, the company still gets their credit amount. But these contracts have a window for timeshare termination. This allows the customer to cancel their contract. But the customers often skip these details and end up exceeding the specified duration. So you need to ensure that your timeshare cancellation is carried out before that period expires.
What are the necessary steps for timeshare cancellation?
Timeshare termination has now become easy with various updated laws for the people. However, you need to follow some steps to ensure that your timeshare termination is a smooth process. Your major focus should be on your timeshare contract and the rescission period provided in it. Once you know that you fall within that window then type out a notice and send it to the company. You will also be required to make copies of all your timeshare related documents including the contract. Different companies prefer different modes of delivery of your timeshare cancellation statement so it is necessary to adhere to that as well.
What happens if your rescission period expires?
Customers often overlook the rescission period in the contract. So if you have missed the duration to rescind your contract then you need to act fast. The best way in situations like these is to find out if there has been a breach in the contract from the company’s end. If you can find out that there has indeed been a breach of contract then you can prove the same in your lawsuit and have an easy timeshare cancellation of your contract. But in case there hasn’t been any such breach then you always have the option of selling your timeshare.
An expert’s help is always welcome
Every timeshare company is required to provide the customer with a Timeshare Public Offering Plan. This document basically explains the customer all they need to know from a financial point of view. So, if your company has not provided it then you have the option of timeshare termination. However, in order to get the best possible results, it is always advisable to take the help of a competent attorney. The attorney can help you find any loopholes that might be in your contract and show you how to utilize it for your timeshare cancellation.
