How do I cancel my timeshare? It’s a common question for people who want to cancel a timeshare contract. Your timeshare contract should clearly state the number of days you have to cancel your contract. If it is not mentioned or you think there is something wrong with the contract, you should look into timeshare laws. A timeshare contract should be cancelled in writing – and the following thing 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. You can either deliver it by hand via certified or registered mail. Always keep your own copy of the cancellation letter. 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 invalid by the owner of the property. This is why the majority of clients consult with an attorney to ensure that there are no errors in processing their cancellation.
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.