We are not associated with any other company!

Phone Number

855-722-3166

Our Lonestar Transfer family is still here to help you! Thank you for your patience through this global crisis!

Tips on How to Cancel a Timeshare Legally

09/14/2021

how to caqncel a timeshare

Free Consultation

  • Hidden
  • This field is for validation purposes and should be left unchanged.

Sales pitches can be very convincing. However, reality will often dawn on you after you have already made your purchase. In fact, 41% of buyers never imagined they would regret signing up for a timeshare deal. However, among the 30% who were neutral before making a purchase, most of them ended up regretting their decision. If you are in this kind of situation, you will need to get out quickly. Here is how to cancel a timeshare.

Act Within the Timeshare Contract Cancellation Period

When it comes to how to cancel a timeshare, the quickest and easiest way to do it is to ensure that you act before the cancellation period ends. Most timeshare contracts offer a number of days when it will be possible to cancel the contract without going through a lot of legal processes. If your contract doesn’t indicate how to go about canceling within the cancellation period, look for a lawyer or visit your nearest state consumer protection office.

Cancel the Contract in Writing

The most effective way to cancel a timeshare is to put it in writing. Find out how to write a timeshare cancellation letter. Even if the company indicates that they do not require a timeshare cancellation letter, it is highly recommended to draft and send one. Here is some of the information that you must include in the letter:

  • Your full name as they are on the contract
  • Your contact details, including your physical and email address
  • Name of the timeshare company
  • The date you signed the timeshare contract,
  • A written statement indicating that you wish to cancel the contract.

In most instances, it might not be necessary to outline the reasons why you don’t want the timeshare anymore. Just indicating that you want to cancel the contract is enough.

How to Cancel a Timeshare After the Cancellation Period

In some instances, you might still be able to cancel the timeshare contract even after the cancellation period is over. However, if you want to do this, it is advisable to engage a lawyer who specializes in timeshare cancellation. You may also contact a real estate attorney to get advice on how to go about this process.

It is important to ensure that you follow the right channels when you want to cancel your timeshare. You must always keep in mind that the timeshare contract is a legally binding document. Therefore all your steps must be legally sound. If you are not sure how to go about this, you can also talk to a lawyer or find a law firm that specializes in timeshare cancellation.

More Timeshare News

Are Timeshares a Scam?

Are Timeshares a Scam?

Every year, 4.4 million people sell a timeshare on the secondary market, usually for more than half of the original purchase price. Whether or not a timeshare is a scam probably comes down to the individual's perception of what they have. Many may love knowing they...

Timeshares: What to Know Before you Commit

Timeshares: What to Know Before you Commit

Perhaps you inherited a timeshare from a family member, bought one and regretted the decision, or sold one and, due to foreclosure, own it again. You want to cancel your timeshare and do not know much about timeshare contracts. In some cases, timeshare exit and...

What is a Timeshare Typically Worth?

What is a Timeshare Typically Worth?

A timeshare value is a difficult thing to determine. It's not like a home where there is an actual asset that can be compared to other assets around it. Also, it has restrictions on its use that might not work for others trying to value it. If wondering how do you...