A timeshare may have seemed a good idea at first,
but your priorities and commitments may change over time and eventually, you
may want to get out of it. A timeshare contract usually has a cancelation
period during which you can still quit. However, if that period has passed and
you still want to get out of that contract, don’t lose hope. There is still a
legal way to do this successfully with help from an experienced timeshare
lawyer. Here are some guidelines on how
to legally get out of a timeshare contract:
- Understand cancelation versus termination –
Termination is when you put an end to the contract otherwise than for its
breach. Breach of contract may
result in release from any obligations stated in that contract.
Cancelation occurs when you end the contract for breach by the other
party. It is just like termination, but the canceling party maintains the
remedy for any unperformed balance or breach of the entire contract.
- Transfer ownership or donate to charity –
These are two other ways to get out of a timeshare contract. You can
donate the timeshare to an organization that takes deeded timeshares, or
transfer your ownership to a third party, which will take over the annual
obligations for maintenance.
- If the cancelation period is still in effect
– Send a letter to the Timeshare Company or resort to tell them that you
want to cancel
your timeshare contract. It is advisable to cancel your timeshare
contract as soon as you realize that you want out. If the company refuses
to grant your request or they insist that the contract cannot be canceled,
consider getting in touch with a qualified attorney like a timeshare
lawyer for legal assistance.
- If the cancelation period is over, do not
wait longer to get out of the contract – Some individuals may put off the
cancelation until the timeshare company starts to go after them, and this
may result in costly legal consequences. Consider finding a timeshare cancellation
attorney through an online platform designed to help connect clients
with skilled lawyers and law firms.
Timeshare contracts are legally binding documents, but that does not mean that you can never get out of one. Perhaps you entered into a timeshare contract because you were deceived or tricked into it. Perhaps you didn’t have the willpower to say “no” to aggressive sales tactics. Perhaps you willingly bought a timeshare only to regret the decision when you came into financial problems. Don’t worry—you can still legally get out of a timeshare agreement if you act fast and follow the right procedures. Here are some of the things you need to know how to legally get out of a timeshare contract:
• Why do I need to act quickly?
Timeshare contracts usually provide a grace period during which you can still legally get out of it. The cancellation period should be indicated in the contract, which should clearly state the number of the days you are allowed to rescind the agreement. If there is no grace period, look up your state's laws on timeshare contracts or get in touch with the state consumer protection office.
• How do I cancel the contract within the cancellation period?
The best way to do this is by writing a letter. Be sure to include your name as it is indicated on the contract, your address, email address, and phone number, the timeshare's description, the date you bought the timeshare, and the statement that you are canceling the contract. You do not have to mention the reason why you want to cancel the contract. Just be sure to deliver the letter to the company within the cancellation period, and make sure that all details are correct.
• The cancellation period is over. Can I still get out of my timeshare contract?
Yes, you still can, but you need to find a qualified and skilled lawyer in your state to help you. Many timeshare companies declare that you cannot cancel the contract after the cancellation period is over, but that is not true. Look for a timeshare cancellation attorney who can help you. However, this means that the lawyer will bring a lawsuit against the company.
• How do I find a timeshare lawyer?
Find an online financial services platform that lets you find timeshare lawyers from its network of attorneys and law firms in the US. That way, you can easily find and pick the best person who can help you get out of your timeshare contract.
SOURCE URL http://advocatefinancialservices.com/faq-legally-get-timeshare-contract/
