Timeshare Contract and Cancellation

Timeshare Contracts and Cancellation

Steps to take for cancellation of timeshare contracts.

  1. Think carefully before cancellation
  2. One of the first steps to take if you are considering cancelling your timeshare contract is to really think about why it is you want to cancel. Are you doing it for a good reason or are you worried about the cost or what you have heard about timeshares? Too many times individuals will have second thoughts after they have made a major purchase in their lives, and when this happens just go over the benefits of what the timeshare can offer you, family, and friends. What you may not know is trying to cancel a timeshare cost a lot of money and it can be a long process, so make sure this is what you really want to do before you start doing it.

  3. Get the right advice
  4. Timeshare forums on the internet are the last place you want to take advice from, because these forums come with scamming companies that like to encourage you into hiring an lawyer, which will be a big price, but an advantage for them. A timeshare contract should be clear of all breaches, and if there are no breaches, then you have no legal right to cancel the contract. Instead of taking advice on forums, try contacting a professional timeshare company that can help you in seeing if there is a breach of contract. They may be able to get you a refund, but unfortunately, this rarely occurs. Just make sure it is a professional company, so you aren’t scammed.

    Timeshare Contracts and Cancellation

  5. Collect hard evidence
  6. A legal ground for cancellation is gross misrepresentation of the resort (that it is not even built yet) or even a resort that doesn’t exist. These cases are usually timeshare scams. For this you will need to get evidence, then contact an attorney. If the timeshare company is a scam, then you can be sure there are others like you who have been duped. If you find you are the only one complaining, then it might be that you have misunderstood your contract, and would be best to contact the timeshare company to find ways to make your membership work for you.

  7. Avoid “your word against theirs” situations
  8. The timeshare cancellation can’t be based upon the words exchanged, unless you have recorded the conversation and can prove that the exchange took place. Otherwise, promises made verbally are just hearsay, and won’t stand up in any court. If the clauses in your contract do not reflect the services that you receive, then this could be grounds for cancellation, but again it can be costly and take a long time. A safer bet is to contact the timeshare personally and talk over the issues that you think are unreasonable. The timeshare company will work with you to keep you from cancelling.

  9. Find a solution that suits your needs
  10. If you just have changed your mind, then this is not a good reason that will allow you to cancel your timeshare. Cancelling a timeshare will cost you more than just keeping it, so save the cost and enjoy your timeshare. If you are having a problem paying the maintenance fees, then just rent the timeshare out. If this doesn’t work for you, then you can always sell the timeshare. You may even make a profit selling it rather than cancelling it.

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