Buying timeshare is a fantastic idea when you want to enjoy your vacation. But when you are not in a mood to go on vacation or you want to cut your money, a timeshare can be an expensive choice. If you want to get out of your existing timeshare contract, there are laws on the books that can help you. Right of rescission is the first option for you surely.
There is a law to protect you from the unscrupulous timeshare contract and also to protect you from different marketing products. If you are ready to cancel it within recession period then you must check the contract first. The recession period varies from 5 days to 15 days. Every state or country has its recession period but most of the popular destinations have the same timeframes.
Steps to follow
To get the right help how to get out of a timeshare, avoid calling the salesperson. These salespersons have a vested interest to keep you in the contract. You can easily handle the things on your own. To start the process, you need to read the contract and needs to check the clauses that can help you to come out of the contract. You will find the marked sections like rescinding, cancel, mutual right to cancel etc. read those sections properly and find the available option for you.
Highlight the key points and find out your limits. If you have 5 days, check whether it is postmarked or they will receive it. They are completely different days and it can be more imperative if you are out of a country. Also check the time when you can cancel the contract, who can sign.
Then you need to write a letter. Keep it to the pint and short. If you want to cancel it immediately, state the reason and tell that you want to get the money back. Don’t wait for the right time but send the letter immediately after finishing it. If you are at the resort, visit the post office and then mail it. Don’t forget to send it with signature. If you want to go to the court, this can work as your proof. Have the copy of your fax also.
Never state any negative point or never misinterpret the points. You need to make sure that you are following the process as per law and as your rights as a consumer. You can also consider the timeshare rentals if you want it for a limited period of time.
Timeshare cancellation companies to help you out
If you are looking for the right to help how to get out of a timeshare, you can contact the timeshare cancellation companies. They can help you with the right legal methods. With such companies, it can be easy for you to get your invested money back. They can guide you also get out of the contract after the rescission period and it is really difficult to get out of the contract after the rescission period.