Getting out of a timeshare contract can be a frustrating experience. You may have purchased a timeshare only to discover that you have little or no use for it. Or you may have purchased a timeshare and decided you don’t want to pay the maintenance fees. If you have made a decision to get out of your timeshare, it’s a good idea to hire a lawyer. These attorneys will have the legal knowledge and expertise to guide you through the process.
One of the first steps you should take if you are interested in cancelling your timeshare contract is to read the contract you signed. You want to find out how long the cancellation period is and what the process is for cancelling your contract. You should also check your state’s laws to see if there are any cancellation deadlines. Some states offer a grace period where you can cancel your contract within a certain number of days.
If you do not qualify for the grace period, you should still find out how to cancel your timeshare contract. Some states allow you to cancel your contract after the cancellation period, while other states don’t. You can also check with your local consumer protection office to find out what your options are. You may be able to find a timeshare removal company in your area. However, most of these companies will require an upfront fee.
While the best way to legally cancel your timeshare contract is to hire a lawyer, you don’t have to pay an arm and a leg for this service. There are several good companies that offer timeshare removal services, but you have to do your research to find the best one for you. Read reviews and ask for referrals. You also want to check with the Better Business Bureau.
While there are many companies that claim to be able to help you cancel your timeshare, most of them don’t have the legal authority to do it. In fact, they may be trying to lock you into a bad deal. A good lawyer will be able to find out whether you are legally able to get out of your timeshare contract, and will negotiate on your behalf.
A timeshare lawyer can also tell you whether your timeshare contract is legally enforceable. You may be able to legally cancel your contract if it is fraudulent or misrepresented. You may also find that your credit may be ruined if you walk away from your timeshare without paying your maintenance fees. The timeshare industry is highly regulated, so you might want to check with your state’s consumer protection office before you make a move. Know on cancelling a timeshare contract.
In fact, there are even some resort brands that have deed-back programs. This may be the best way to legally cancel your timeshare contract. This is because you will only own a part of the property. The other parts are owned by the timeshare company. This gives you more options in the future, if you ever decide to sell your timeshare.