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Things You Should Know Before Sending a Timeshare Cancellation Letter
Your professional Timeshare Defense Attorneys can assist with your Timeshare Cancellation Letter. Contact us now for creative solutions for your problems.
Why Do You Want to Send a Timeshare Cancellation Letter?
Timeshares are a great way to enjoy a vacation home without the hassle of upkeep and maintenance. However, timeshares also come with annual fees that can be expensive. If you can no longer use it, you may need to cancel your timeshare contract and either sell it or give it away. Skilled advocates from Timeshare Defense Attorneys can assist.
Can You Legally Cancel a Timeshare?
Timeshares are a great way to enjoy the benefits of owning your property without the hassle of maintaining it yourself. However, timeshares can also be a massive headache if you don’t know what you’re doing.
The process of canceling a timeshare can be complex. You may find that your timeshare is not worth the price. A professional from Timeshare Defense Attorneys can help if you regret making a timeshare purchase and need to legally begin the timeshare cancellation process.
How Do You Cancel Timeshare?
When you purchase a timeshare, you buy the right to use a property for a specific period. A timeshare is unlike a rental, where you can stop paying your rent and walk away. You have to follow specific steps to break a timeshare agreement.
If you wish to cancel your timeshare, it is best to contact the company or management company that handles your timeshare. They will have all the paperwork that needs to be filled out to cancel your timeshare.
If there is no management company, or if they refuse to help you with canceling your timeshare, then you may be able to terminate the timeshare yourself. If a corporation owns or manages your timeshare, then you’ll need to contact the timeshare owners directly.
The Timeshare Defense Attorneys can help.
What Is a Cancellation Letter for a Timeshare Contract?
A cancellation letter is typically written by the buyer or contract holder to the seller of a timeshare contract. The cancellation letter informs them that they are canceling the timeshare contract immediately and relinquishing their rights to it.
The letter should include the following:
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The name and contact information of the buyer
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The name of the timeshare company with whom you have a contract
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A timeshare description that includes the address
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A full explanation of your timeshare cancellation request
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The date when you will no longer be making any payments on their contract
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The date when you will be returning any documents or keys to their timeshare property
If you wish to immediately terminate your contract and would like a full refund, contact Timeshare Defense Attorneys for professional advice and assistance.
How To Write a Timeshare Cancellation Letter
It is best to act quickly to cancel your timeshare contract within the grace period, also called the cooling-off period. The first step is to write the cancellation letter. It is best to mention canceling your contract because the property is not what you expected. Perhaps, there was no disclosure of all material facts about the timeshare before signing.
Once you have written a timeshare rescission letter, use registered or certified mail to send the letter to the timeshare company. Ask for a return receipt. You can use USPS or FedEx for this purpose, whichever option is more convenient.
Keep copies of all correspondence with the timeshare company in case they try and charge you for any maintenance fees or repairs that you can prove you’ve already paid.
What to Include in Your Timeshare Cancellation Letter
A timeshare cancellation letter should include the reason for cancellation, the contact information of both parties, and the signature of the person writing the letter. The reason for cancellation can be anything from personal reasons to financial problems. The contact information should include:
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Name
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Address
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Phone number
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Email address
Everyone who has authority over this agreement needs to sign it. Consult an attorney if you are sharing a timeshare with another person and are considering ending it. Contact a timeshare defense law firm today.
Does a Timeshare Cancellation Letter Need to Be Notarized?
A timeshare cancellation letter should contain all the necessary information and be sent to the company that manages your timeshare. Notarization is not required for a cancellation letter. However, it has to be legally binding. You can do this by adding your signature and the date to the document.
How Much Does It Cost to Get a Timeshare Cancelled?
Timeshare cancellation can be complicated, and the cost depends on several factors. These include the type of timeshare you have, its location, and the company that manages it.
The cancellation process for timeshares managed by an individual owner or an association can be more complicated. These types of cancellations may require you to pay penalty fees, so make sure you consult with the company and an attorney before proceeding with a cancellation.
Where Is an Example of a Timeshare Cancellation Letter?
A timeshare cancellation letter can also be called a notice of termination, notice to terminate, or notice of intent to terminate. The letter notifies the property owner that the person who owns the timeshare intends to terminate their interest in the property and will no longer be responsible for any payments.
If there is a balance owed to you, the letter should specify when and how you would like the fund returned to you. The phrasing of the letter is critical. Below is a well-written timeshare cancellation letter sample:
“I am writing to request that you cancel my timeshare contract. I understand that this is a complex request, but I have not been able to use my timeshare for several years and would like the contract to be canceled.
For many years, I’ve tried to use my timeshare but haven’t been able to find dates or accommodations that would work for me. I apologize for any inconvenience this may cause.”
A timeshare attorney in California may be able to provide you with an effective example of a timeshare cancellation letter, as well as help you draft yours.
How Can an Attorney Help With a Timeshare Cancellation Letter?
Should you wish to cancel your timeshare contract, It is important for you to know how to write a cancellation letter. An attorney can provide valuable insight and advice.
For questions about a timeshare cancellation letter and other timeshare matters, talk to a representative from the Timeshare Defense Attorneys. Call now.
