Short Course on Timeshares – Covering The Basics

How to Do a Timeshare Cancellation?

For the past few years, there are several timeshare developers that have experienced significant growth of facilities worldwide. This growth was mainly because of the great business practices as well as generosity in their facilities. A big portion of this growth however may be linked to the aggressive as well as forceful sales marketing approaches of their timeshare sales representative.

On the other hand, there are people who have purchased timeshare and decided later on that it isn’t for them or realize that it is a big expense for them to be a part owner of it. This puts them to request for a timeshare cancellation.

As for timeshare cancellation, it is basically the process of deeding timeshare back to the developers based on the discrepancies in the contract as well as the sales process associated with timeshare contract. The consumers in some cases can recover a portion or at times, all of the losses that are associated with the timeshare. On the other hand, to be able to qualify for a timeshare cancellation, it is imperative that the sales representative has indeed made a mistake before they become eligible for cancelling their contract. The truth is, there are fifty-two laws that are regulating the sale of timeshare to Americans.

In the next paragraphs, you are going to uncover various ways in which timeshare contract may be cancelled.

Number 1. Learn about what the contract is about – first things first, you should check the contract for clause which says about rescission period. When you want to submit a rescission request, you might look for the specific details that is concerning the contract’s deadline. Then, it is time to make a note of rescission deadline immediately as well as the instruction on how you want to cancel your timeshare contract.

Number 2. Write a cancellation letter – after learning the info you need from the contract, your next course of action is to make a certified letter stipulating that you want to cancel it. Remember that you’re not bound to explain your side thoroughly so make it short and concise. What’s more important here is that, you know your rights that you can withdraw from the contract anytime you want, following the terms of agreement. In cancellation letter, make sure that you’ve included your contact details, name and the date of purchase otherwise, it would not be valid.

Number 3. Send the rescission letter prior to the deadline – keep in mind that your letter would become useless if you won’t be able to submit it before the deadline; when such thing happens, don’t expect that your cancellation will be granted. With this in mind, see to it that you move fast to be able to avoid these unwanted issues.

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