Is It Possible To Legally Cancel A Timeshare Contract?
Yes, yes and yes! Please don’t let anyone tell you different. Timeshare companies and realtors in the business will make it seem that the contracts cannot be canceled . Yes, it is a legally binding document and can be enforced in the court of law, but there are always ways to get out of it or settle in a favorable manner. Let’s look at the various options you have in more detail – 1 Canceling within the cooling-off period – each contract (depending on the State laws) have a rescindment period. If you decide to cancel within this time limit, then it is a straightforward process. Write a formal letter and ensure that it is delivered to the company within the time period and in the manner prescribed in the contract. 2 Canceling after the rescindment period – legally canceling a timesharecontract after the cooling off period can end up becoming a long and complicated process. If you are lucky, then in some cases the resort owner will b...