How much does it cost to cancel a timeshare contract?
How much does it cost to cancel a timeshare contract?
On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.2021-09-24
Can you really cancel a timeshare?
The vast majority of timeshare purchasers get the right to rescind the contract within a specific amount of time. Most states (and some foreign countries) have laws giving timeshare buyers at least a few days—usually between three and fifteen—to cancel the agreement.
What do you say to cancel a timeshare?
- the current date.
- the purchaser's name as it's written on the contract.
- the purchaser's address, phone number, and email address.
- the name of the timeshare company.
- the timeshare description (use the description from the timeshare paperwork)
How can I legally get out of a timeshare contract?
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
How do you write a letter to cancel a timeshare contract?
- Your name and contact information.
- The name of your timeshare company.
- The contract number.
- The names on the timeshare contract.
- The date of purchase.
- A statement of cancellation.
- The amount you paid, including a request that this amount be returned to you.