Legal Tips For Getting Out Of A Timeshare

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Legal Tips For Getting Out Of A Timeshare

9 February 2021
 Categories: Business, Blog

Timeshares may seem appealing in the moment, but they might not be for everyone. If you're locked into a timeshare because of an official contract, you'll want to review these legal tips quickly.

Act Quickly

If you are looking to move away from a timeshare that you have contracted, then you will find the process fairly simple. It's a lot easier to get out of your timeshare contract than it was even a couple of years ago. You just need to act as quickly as possible.

There is probably a clause in your timeshare contract that shows you a window of time when you can cancel without suffering penalties. It usually comes up pretty quick, so you want to promptly figure out that the timeshare isn't for you if you want to cancel without jumping through a bunch of hoops.

Make an Official Cancel Letter

If you're absolutely sure you want to cancel your timeshare contract, then it's paramount to write out an official letter explaining your personal information and your reasons for wanting to cancel with the timeshare provider. This helps document your request to cancel, which gives you protection if the timeshare provider doesn't oblige your requests.

There will be actual documentation showing that you responded to the provider in time before the opt-out clause ended, and it will be needed if you end up taking the timeshare provider to court for making things a lot more difficult than they needed to be. 

Hire an Attorney

There may be situations when you get into some trouble with a timeshare, such as a difficult provider, or maybe you didn't cancel the timeshare in time before the opt-out clause expired. There are options still available. You just need to speak with an attorney on this matter so that you can receive sound legal counsel.

The attorney will look over your timeshare contract carefully to see if there is any wiggle room in getting out. They can also review the provider's practices to see if they misled you in any shape or form. If they did, then the attorney will have a pretty easy time getting the contract dismissed.

Timeshares can be a great investment, but they may not be for everyone. If you have a timeshare contract and want to get out of it, you need to act fast, be careful with documentation, and possibly seek legal representation when you experience issues. For more information about timeshare contract cancellation, contact a local legal service.