There are numerous timeshare developers who have seen humongous growth on their facilities worldwide in the past few years. Few of this growth were because of great business practice and generosity throughout their facilities. However, a big portion of this growth could be attributed to aggressive and forceful sales marketing methods on the part of timeshare sales rep.
On the other hand, there are those who have bought timeshare and later decide that it is not for them or simply, they just can’t bear the expense of being a part owner of. Because of this, they seek timeshare cancellation.
As for timeshare cancellation, it is basically the process of deeding timeshare back to the developers based on the discrepancies in the contract as well as the sales process associated with timeshare contract. There are instances as well that the consumer can recover all or part of the losses incurred in timeshare. Given the fact that timeshare cancellation is based largely on discrepancy on the other hand especially in the sales process, timeshare sales representative must be proven to make a mistake for them to qualify for a cancellation. The truth is, there are fifty-two laws that are regulating the sale of timeshare to Americans.
There are many different ways that timeshare contract could be cancelled and this is through:
Number 1. Learn about what the contract is about – first things first, you should check the contract for clause which says about rescission period. When you like to submit a rescission request, you may check out for specific details that concerns the contract’s deadline. The next thing you should do is to note the deadline of rescission and also, the instructions on how you wish to cancel your timeshare contract.
Number 2. Write a cancellation letter – after finding out the information you need from the contract, next move is to create a certified letter which stipulates that you like to cancel your contract. On the letter, try making it short and concise and remember that you don’t have to explain everything. What’s important is that, they know that you’re just exercising your right to rescind the contract by terms of agreement. See to it that you have included your contact details, name and the date of purchase in the cancellation letter because if not, it isn’t going to be valid.
Number 3. Send the rescission letter prior to the deadline – keep in mind that your letter would become useless if you won’t be able to submit it before the deadline; when such thing happens, don’t expect that your cancellation will be granted. With this in mind, see to it that you move fast to be able to avoid these unwanted issues.