What is a Timeshare Rescission Period?

09/10/2021

how to get out of a timeshare deal

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Sometimes you purchase a timeshare or vacation home on a whim and regret your decision. You often have a short period of time to legally cancel your contract. Most new timeshare owners often change their minds after the cancelation period passes. Most timeshare contracts give you 3 to 15 days to cancel your contract. When your cancelation period has passed, a timeshare cancelation lawyer can help you with exiting or canceling your contract.

Writing a Timeshare Rescission Letter

If you can cancel your contract within the cancelation period, you should call and verbally cancel the contract and write a letter to the company that sold you the timeshare. Your letter should include the name as appears in your contract, phone, address, and email. It should include the date and name of the timeshare company that the condo or timeshare was purchased.

You might include a copy of your timeshare agreement with the letter and date of purchase and that you want to cancel the deal. You can deliver this in person or send it by certified mail. This is one way on how to get out of a timeshare deal during the cancelation period. A timeshare recession lawyer can help you with this process.

Exiting Your Timeshare Contract

You will need a timeshare lawyer to help you exit or cancel the contract after the cancelation period has passed. A timeshare exit attorney will help you but approach the process differently. They may want to know if you were pressured or mislead during the marketing pitch. They may ask you to prove that what you bought differed from what they promised. Look for a timeshare attorney with experience and results.

You may want to interview some of their clients to get some idea of their results before you hire them. Be sure they have experience with cancelations in an ethical manner. Check their reviews, licenses, and ask for some names of clients you can speak with. Find out their rating with the Better Business Bureau and the state attorney’s office.

Try to find an attorney that will work within your budget. Be transparent about your situation with the lawyer. There are also organizations like Easy Exit Now that can help you with cancelation and exit from timeshare contracts. Another organization that can help is Time Share only and these organizations are when you don’t want an attorney. These are other ways on how to get out of a timeshare deal.

Overall, when you have no experience dealing with a timeshare contract, a lawyer is the best way to cancel or exit a timeshare contract. They know the laws and the ins and outs of the timeshare business.

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