Owning a timeshare is a matter of pride and prestige for many. It is not the same for average people to become a timeshare owner. They may wish to terminate their membership due to financial hardship and bad sales practice. Yet anyone can cancel their timeshare personally or by taking the professional help from timeshare exit companies. The timeshare cancellation industry is also growing as the timeshare industries are. How to cancel a timeshare and its steps are mentioned-below for a new buyer and existing members.
Cancel Timeshare Before Grace Period
Anyone can terminate his or her timeshare ownership within the grace period. All you have to do is write a cancelation letter and handover to its registered office. You must receive an acknowledgment copy. You can also send your cancellation letter via post and receive an acknowledgment. You must see that the courier or post must reach their office on or before the grace period date. A timeshare company may give 15 to 30 days time as a grace period. It is advisable for a new timeshare owner to visit its club or resorts and see they have all those facilities and amenities they have promised. If you find they are not as per the sales presentation, you can definitely cancel your timeshare ownership and get a full refund.
Cancel Timeshare After Grace Period
You can terminate your timeshare contract after the grace period at any time. Yet you cannot expect a full refund. They will take all outstanding balance and up to date payments and other charges. They may take time and delay your cancelation request. Most often, they will try to retain you by promising the best services in the future. You must draft a letter after reading their timeshare cancellation policy. This is because you have signed the agreement as you have read their terms, condition, and policy.
Timeshare Cancellation Attorney
A timeshare attorney is the best to get a proper refund when you have some financial disputes. This is because; they will always raise the other charges and administrative charges every year. A timeshare lawyer knows the timeshare contract loopholes. He or she will catch the right loopholes and win your case. You will get your proper refund. The cost of canceling a timeshare legally may be higher than with Timeshare Cancelation Company.
Timeshare Cancellation Companies
The timeshare cancelation service providers are the best to hire if you have no time to spend for termination of your ownership. They do it professionally giving you a dedicated staff. They are from the industry and have much knowledge on various timeshare companies and their drawbacks. The cost of canceling a timeshare is affordable as they discuss their fee beforehand.
How to cancel a timeshare is not a simple task, if you do not know to do it as per their cancelation policy. You must not lose your hard-earned money to a timeshare company. You can exit out of your timeshare by receiving a proper refund. You can follow the above steps, which is convenient for you.