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To get out of a timeshare legally, consider these options: Use the rescission period. Call the timeshare developer. Rent your timeshare out. Sell your timeshare on the resale market (but expect to take a hit). Gift your timeshare to a friend, family member or stranger.
Usually there are maintenance fees that you have to pay as long as you're the owner, and the contract often requires that they increase every single year. Most timeshare companies won't let you just walk away because that's their business model. Once you're locked in, you're locked in.
How to Cancel a South Carolina Timeshare Contract. If you want to cancel the purchase contract, you must notify the seller in writing by sending notice via certified mail, return receipt requested, or another verifiable means.
The South Carolina Horizontal Property Act, S.C. Code Ann. §§ 27-31-10, et. seq, (1976 Code, as amended) governs the formation, management, powers, and operation of horizontal property regimes that expressly elect to be governed by the Act by recording a master deed (or Declaration).
How to get out of a timeshare without ruining your finances Use the rescission period. ... Try a timeshare deed-back. ... Hire a contract law attorney. ... Sell your timeshare on the resale market. ... Find a timeshare exit company.
The timeshare cancellation period in South Carolina is 5 calendar days from either the date you signed the contract not including Sunday if Sunday is the fifth day, or from the date you received all documents required to be provided to you by law (including the Public Offering Statement), whichever is later.
Section 27-31-250 - Repair or reconstruction; vote of co-owners; application of insurance proceeds.
Ask the Resort to Take It Back If you missed the recission period, there are still ways to get out of your timeshare. Some are surprisingly simple, like a timeshare deed-back. This is a legal, low-cost way to give the property back to the resort.