The question of how to cancel a timeshare legally is certainly not a new one. While many experts believe that timeshares are not a worthy investment, a lot of people continue to get them for personal reasons. Unfortunately, the investment often turns out to be too much to handle in the end, and after a while, you end up in search of legal support to help you get rid of your new timeshare.
If this sounds familiar to you, then finding the right way to cancel your timeshare legally might be your best option overall. In most cases, your possibilities in this respect are limited, but the ones that work will actually work almost every time.
Knowing What a Timeshare Is and What to Do About It
So, what is a timeshare and why would you need to cancel it? A timeshare is typically a strip of property that you get – most of the time for vacation purposes – and that offers you some limited ownership options. You might be able to take temporary ownership for a week or two at a certain date, when you plan on going on vacation, but at the same time you’ll have to pay for it on an annual basis.
Now, there are of course, many benefits to timeshare ownership. One of them is that you don’t have to look for a property to rent every time you go on vacation. Another one is that your family will get used to the location, so it can become comfortable and convenient after a while. Finally, with a good timeshare contract you’re likely to have larger accommodations for the same amount you’d pay on rent.
On the other hand, not all timeshare contracts are fun and sunshine. All of them are legal agreements that can be enforced through law. However, some of the clauses included in these contracts are downright offensive to the economic stability of the client, and if you’ve ever faced the consequences of getting a timeshare you later regretted, you know exactly what I’m talking about. In these cases, you usually have to get out of the contract as soon as possible. Fortunately, there are a few elegant and practical ways you can do that.
Steps and Recommendations for Having Your Timeshare Canceled
How to get rid of a timeshare is easy. Just call up the resort company you made the deal with, and agree to pay whatever they ask for that the contract might say. The only problem is the expenses involved will usually be very steep. As a result, experts on how to cancel a timeshare legally will typically advise you to look for methods to have your timeshare canceled, instead of just canceling it through the regular approach.
The best step is to contact an attorney and hire them as your legal representative. Be sure to thoroughly discuss the attorney fees so you don’t end up having to pay an exaggerated amount. Once you find a reputable attorney, discuss the contract and your rights as a timeshare holder. After that, have the attorney look through the available options and provide you with a detailed plan of action.
In most cases, coordinating with your attorney should be easy, and you can even do it by phone. However, you’ll still be in charge of mailing or faxing the legal documents required, so when it comes to the details of how to cancel a timeshare legally, you’ll still have to stay involved.