Do you want to cancel your timeshare contract because of the costs? Well, you’re not alone. In 2016, it was estimated that about 66% of timeshare owners wanted to cancel their contract because it was too costly to maintain. Wondering how to cancel a timeshare contract? Here are some easy steps to start the timeshare cancellation process.
Write a Detailed Letter
Write a concise letter to the resort about your decision to cancel the timeshare. In your letter, the first two sentences should contain your request. However, this letter should be typed and printed. Do not send an email. Mention all the relevant details in your letter to get your desired result. Include your full name, the name of the timeshare, the date you bought the timeshare, and your membership ID. All of this information is written in your contract.
Don’t Get Emotional
No matter how displeased you might be about the difficulties you’ve encountered in canceling your timeshare, it would help if you didn’t mention it in your letter. Instead, ensure you write your letter using simple sentences to ensure clarity, and don’t let your displeasure lead you to be rude.
Be Clear in Your Details and Expectations
It is advisable to highlight the important information to aid the cancellation of your contract. It is easy to omit vital information if you hide important details between the lines. In addition, you should note that resorts want to continue to be in contact with you. So ensure you state that you don’t want to resell your timeshare or benefit from any ownership opportunities. Also, include that you expect a response within 30 days.
One of the most important things you can do as you start to learn how to cancel a timeshare is practice patience. The entire process may actually take up to three years to complete. Writing a letter is only the beginning, but it’s important that you set your expectations realistically from the start.
If you have been seeking steps to cancel a timeshare, follow the steps above to help you to kickstart the cancellation process. If you’re looking for help in canceling your timeshare, don’t hesitate to contact our team today.