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3 Things To Know About Timeshare Cancellation

Before you begin canceling your timeshare contract, consider this:


Purchasing a timeshare can be easy, but trying to get out of a timeshare isn’t as easy. But why? So many owners and families struggle with timeshare cancellation. Here are a few things we think everyone should know about exiting your timeshare agreement.

Know The Rescission Period

If you have second thoughts early, you can change your mind and exit your contract without a consequence if you are in the allotted rescission period. The right of rescission gives you until midnight of a designated timeframe after the transaction to rescind (cancel) the contract. It is essential to know that all states are different, varying between 3 and 15 business days. So, before undertaking an agreement or contract, research your state laws before attending the sales presentation.  

Selling Isn’t Always A Solution

When owners look to take solutions into their own hands, many seek to sell their timeshare, having someone take over payment and responsibility. However, it is essential to know that this does not clear your name from the agreement, and you are still legally and financially responsible for the timeshare. If the new timeshare owner stops paying their fees one day, it all falls back on your shoulders. 


Hire A Timeshare Cancellation Company

Working with a company that specializes in exiting timeshare contracts can help ensure you can cancel your contract effectively. First, look for a company with a favorable rating with the Better Business Bureau and read the reviews from current and past clients. If a company does not have client reviews, they probably don’t have the experience to help you exit your contract. Next, select a company that offers payment arrangements to fit your needs and offers a 100% money-back guarantee. 


The Original Timeshare Exit Company 

Timeshare Legal is a professional, full-service timeshare cancellation company. In addition to cancellation services, we offer a credit safety program. We aim to start the timeshare exit process for you without any upfront cost. Start with our online assessment to see if you qualify for a timeshare cancellation, or contact us directly to schedule a free, no-obligation consultation.