What is the Legal Procedure for Timeshare Cancellation?

While legally binding, a timeshare contract doesn’t have to be an eternal obligation, especially when you find that what you’ve agreed to isn’t as financially beneficial as you first thought it would be. A lot of people wonder if it is possible to cancel a timeshare and relieve themselves of the financial obligation that comes with it. If you are one of those people who are asking, “how can I get rid of my timeshare legally?” you have come to the right place. Read on to find out how to go about a timeshare cancellation:

Too many people mistakenly think that timeshare contracts cannot be canceled. Such a misconception had been going around since the early years of timeshares and is in fact perpetuated by the timeshare companies as well as the user groups maintained, funded, and controlled by the industry itself. The truth is, these contracts are cancelable by law for different reasons, including mistake and fraud. Additionally, a person who feels burdened by timeshare contract obligations may terminate the agreement and be bound no longer by it for reasons other than a breach.

The question remains, how can I get rid of my timeshare legally?

Canceling a timeshare is a fairly simple and straightforward process, although it does require careful observation of the rules as well as the period within which you may cancel your contract and have your deposit returned. This is your right of rescission. Once this period has expired however, it is still possible to cancel the contract legally, despite what the timeshare company may have you believe. The initial right of rescission isn’t the only legal way by which you can end a timeshare contract. You may still get rid of the unwanted timeshare with the help of a timeshare attorney by proving that unethical and deceptive sales practices were used by the salesperson.

Source URL: https://advocatefinancialservices.com/legal-procedure-timeshare-cancellation/