How do I terminate a timeshare contract?

Cancel the Timeshare Contract in Writing Usually, you must cancel a timeshare contract in writing. Even if a written letter or document is not required, it's highly recommended. Include the following information in your cancellation letter: your name as it appears on the contract.

US Legal Forms
Letter Canceling Timeshare Contract

Canceling A Timeshare Contract Letter Templates For Resume

Category:

Letters - Legal - Timeshare

State:

Multi-State

Control #:

US-00783BG

Format:

Instant download

Description

Most states now regulate timesharing, either under existing state land sale laws or under laws that were specifically enacted for timesharing. The regulating authority is usually the real estate commission in the state where the timeshare property is located. Under the typical act, purchasers may cancel the timeshare contract within a certain number of calendar days after the date the contract is signed if the seller is notified of the cancellation in writing.

The following is a generic form of such a letter.

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How to fill out Letter Canceling Timeshare Contract?

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FAQ

Letter of Cancellation Tips Make sure you include the date, the company's name and contact information, and your account number if relevant. Be polite but firm when you tell the company to cancel your account. Remember that there is a typical 30-day notice period before a cancellation is put into effect.

Cancel the Timeshare Contract in Writing Usually, you must cancel a timeshare contract in writing. Even if a written letter or document is not required, it's highly recommended. Include the following information in your cancellation letter: your name as it appears on the contract.

If you recently bought a timeshare and regret that decision, you might be able to cancel the contract. But you'll need to act quickly. The amount of time you have to cancel the purchase, called the "rescission period," depends on state law. Usually, you have only a few days.

Sample Letter Dear Sir/Madam, I am writing this letter to inform you that I am cancelling the order of 50 single-lined notebooks. I request for a full refund for the above mentioned order. I regret to inform you that the order delivered earlier was of cheap quality.

In your timeshare cancellation letter, make sure you include the following details: The name of the timeshare as listed on your contract. The name of the contract holder. The contract number. The purchase date. Your membership ID.