How to legally cancel a Timeshare Contract to get the permanent solution?
A timeshare may look good on paper, but you
aren’t going to like it for long for a number of reasons. Depending on the
terms of your contract, you may not like the rising management fees, inability
to rent it out to someone else, difficulty to resell, or something else. If
you’re looking for an answer to the question, “how to legally cancel a timeshare contract”, you should consult a
reputable timeshare cancellation attorney to seek a solution. You could also
associate with timeshare liquidationcompanies to consider other options.
When it comes to getting rid of timeshare
legally, you should know that you can cancel the timeshare contract within a fixed
duration in some US states. Depending on the specific laws in your state, you
can guard against potential legal problems by cancelling the contract within
the cooling off period. You will need to put the cancellation in writing and
take a return receipt.
While sending the cancellation request
through a letter, make sure it includes the following points.
- Your name
- The correspondence address, email address, and phone number
- The name of the Timeshare Company
- A brief description f the timeshare
- The date of purchase of the timeshare
- A statement that you’re sending the cancellation request within the rescission period
Make sure the information mentioned in the
letter is clear and correct; otherwise, it can get rejected. Your contract
should clearly specify the manner in which it is to be delivered as it may not
be valid if it doesn’t include the correct information.
Once the cooling off period has expired,
there are rare chances that a timeshare will be cancelled. At this point in
time, as you wonder “how to legallycancel a timeshare contract”, a qualified and experienced attorney from a reputable
timeshare liquidation company may be
able to help you out from such a situation. While looking for a timeshare
cancellation company, you need to make sure the company has a proven record in
getting customers rid of their timeshare contracts for sure shot results.
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