Cancelling a Timeshare Contract – Steps toward Timeshare Burden Relief

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.