At least 85% of all
timeshare owners feel stuck paying for their timeshare obligation and want a
way out. Just the same, many don’t know the first thing about cancelling a timeshare contract, and
are therefore forced to keep paying for a timeshare they feel more burdened
than privileged to have. Fortunately for those who want to cancel a timeshare contract, there are
legal ways to find relief from an unwanted timeshare burden.
When cancelling a timeshare contract, one
of the first steps to take is to weigh the pros and cons of the decision. If
you do decide that the disadvantages of having to pay for your timeshare
perpetually far outweighs keeping your rights to the timeshare, then it is high
time to begin the long process of cancelling
a timeshare contract.
Your timeshare
cancellation cannot go on without proper documentation. As the process to cancel
your timeshare contract begins, you need to gather all relevant documents and
contracts that pertain to the timeshare. This typically includes items such as
your deed, owner’s binder, the contract with the developer, and any other
correspondence you’ve had with them through the years. Prepare receipts,
exchange company agreements, and other documents that you may think could be
relevant to the cancellation.
It also pays totaling
up the expenses—past, current, and future that you have incurred and will
potentially still have to pay if you would continue on with your contract. This
will help you better decide whether or not continuing on owning a timeshare
will be financially beneficial or if you would rather invest those resources
elsewhere. This will help you make the right decision and action toward your
unwanted timeshare. All in all, cancelling a timeshare requires the aid of
professionals who know how to navigate the legal implications of these
contracts.
