Buying a timeshare is surely a fantastic idea but only when you are on a vacation but when you are going for saving some money, you can’t keep it anymore. There are few laws that can help you to get out of the timeshare contract. This is a step by step process that one needs to follow and first you need to identify the laws covering the agreement. It is not an easier process indeed. You can take the help of an attorney to get rid of the contract. Timeshares are actually an exclusive vacation membership deal for many people. Owners get premier resorts in exotic locations at a fraction of the cost of owning a vacation home. Time changes and the once exclusive memberships can dwindle. Timeshares are a dime a dozen. And with so many available, it is really difficult to get rid of a timeshare.
Owners, who are looking for cutting costs often, try to sell their timeshare, but the process is a frustrating one.
Step by step process:
Never call the salesperson to complete the process. They have vested interest usually to keep you in the existing contract. You can do it yourself and it is not a time-consuming process at all.
You need to start the process by reading the contract. You need to look for the clause that will help you to cancel it. The clause should be in the document. You need to look for clauses like rescinding, cancel, mutual right to cancel, etc. Readout those sections carefully and thoroughly.
Have a highlighter and highlight first the major points. Try to find out first your time limit. Suppose you have 5 days. Check out is it just five days that they should receive it or is it postmarked? Those two are distinctly different. Highlight also what you need to state in this letter and what you need to provide them to cancel the agreement and who and where you need to sign. The signing authority should be to you, you and your wife, child or notary. Check it first.
Now you need to write a letter. Write it short, simple and to the point. Write that your desire is to cancel it fast and want your deposited money back. Mail it with the confirmed signature. In the instance, you need to go to the court to defend your words. Make copies of all the documents. If you have a FAX it, have a confirmation of the FAX.
Just follow up on the process and you will get cancellation approval from the company if your documents are flawless.
Another process
You can also visit several websites that offer easy to set up agreement and cancellation for timeshare. These websites offer easy methods and tools for their customers to cancel the timeshare ownership easily. They have experienced and skilled professionals to help their clients get rid of their timeshare ownership or to get out of timeshare contract. Not only that, they can help one to get back the deposited money from the timeshare companies.