afstimeshare

Buying a timeshare does not have to feel like a death sentence. If you change your mind and you want to free yourself from the financial obligations associated with owning a timeshare, you can still get out of your contract. However, you need to act fast and cancel a timeshare contract as soon as you realize that you want out. To get started, refer to the contract itself to learn about the rescission period. That is the number of days you are allowed to cancel your timeshare contract without any problems. For instance, in Florida, you must rescind your contract within 10 days of signing it.

The procedure for cancelling a timeshare contract should be indicated on the document itself. Usually, it involves writing a letter to the timeshare company. Even if a written notice is not required by the company, it is still highly recommended by timeshare attorneys. When you write your letter, make sure it includes the following information:

• Your name as indicated on the contract • Your contact details and address • Name of the company • Timeshare description and the date you purchased it • The statement of rescission (i.e. “I am writing to you within the cancelling period to cancel my timeshare contract.”)

It is typically unnecessary to mention your reason for cancelling a timeshare contract. The manner of delivering the cancellation notice should be indicated by the contract, too. Some companies will require it to be hand-delivered, while others will recommend using certified or registered mail. Just make sure it will be received within the cancellation period. Moreover, make sure you have the correct information on your letter. Otherwise, you might not be able to successfully cancel a timeshare contract.

If you are still not sure how you should cancel a timeshare contract, especially after the indicated rescission period, it is the best to contact a timeshare attorney. Refer to an educational platform for ideas on how you can find the best legal assistance for your situation.