Get Out of Timeshare Contract During the Rescission Stage

There are a lot of people, who have a timeshare contract and wish to lawfully come out of it. Wishing to come out of the timeshare contract can be due to many reasons; but realizing that the deal is not as good as it once seemed is the mostly reported reason by people. For example, most of the timeshare buyers are not aware about the fees, taxes and assessments they are obliged to pay and considering the total financial cost of the purchase they eventually end up changing their minds.

How to cancel your timeshare contract?

As the nature of the timeshare selling goes, most of the states have passed laws that allow timeshare buyers to stay safe by quickly cancelling their contracts. With help of this law, if you’ve signed a timeshare contract and have second thoughts, you can apply to cancel the contract.

Act  within the timeshare rescission period

Your timeshare contract should have clearly mentioned number of days that lets you rescind the contract within that duration. If your contract doesn’t have this duration mentioned, you should seek assistance from your state consumer protection office.

Get out of timeshare by cancelling in writing

Be it initial contract signing or cancelling it during timeshare rescission period, you must have every detail in writing. You should include following information in your cancellation letter, as per advised by the timeshare experts.