How to cancel my timeshare? It’s a common question for people who want to cancel a timeshare contract. Your timeshare contract should clearly mention stating the number of days you have before you can cancel the contract. If it is not mentioned or you think there is something wrong with the contract then you should get yourself acquainted with laws of timeshare. You should make sure that you cancel your timeshare contract in writing. The following things should be mentioned in your letter of cancellation:
- your name as it appears on the contract
- your address, phone number, and email address
- the name of the timeshare company or association
- a description of the timeshare
- the date you purchased the timeshare, and
- a statement that you are rescinding the contract
Make sure after the cancellation letter is written, you deliver it properly. Either you deliver it hand to hand, as it would be safer, else you can deliver the letter through the mail which is a certified or a registered one. Always keep a copy of the cancellation letter with you. You should make sure that your letter has been delivered within the time frame of the cancellation. If you fail to include the correct information or to deliver the letter in the manner specified in the contract, then your cancellation may be considered to be invalid by the owner of the property.
In particular states and in some situations you are allowed to cancel your timeshare contract after the rescission period has passed. Usually, however, this will entail bringing a lawsuit against the timeshare company. You should contact a timeshare lawyer for advice.
