Lesser Known Tips on How to Get Out of a Timeshare Legally

A timeshare contract may be legally binding, but that doesn’t mean you can’t cancel it. Rather than leaving it alone to incur fees, selling, or donating it, consider completely getting rid of it to save a lot of time and avoid the headaches associated with paying for a property you seldom or have never even used since you bought it. Here, we’ll give you some tips on how to get out of a timeshare legally, particularly the lesser-known tips so you can get started and save yourself from the further financial burden:

• There’s a rescission period – All timeshare contracts have a cancellation period, which should be stated in them. It will vary according to the state where you purchased the timeshare. For instance, if you got it in Florida, you have up to 10 days to work and cancel your contract after signing or receiving the last of the required documents. That’s why you need to act fast if you change your mind right after purchasing the property. 

• Follow what’s stated in the contract – Many resources are sharing how to get out of a timeshare legally, but don’t forget to look into your contract for instructions. A legal contract should indicate the manner of how you should cancel the timeshare legally, which is usually done by writing. Be sure to write the cancellation letter and deliver it in the manner stated on the contract, all within the rescission period. 

• Get help – Consultants specialize in helping consumers like you exit a timeshare legally. They offer resources and sound advice tailored to your unique situation, especially if you decide to cancel after the cancellation period. They can also walk you through the process of how to get out of a timeshare legally, even within the rescission period.