Legally Cancelling A Timeshare Contract
A condominium or a house that is considered a timeshare may have supplied you and your family with plenty of opportunities to enjoy luxurious living while spending time at the shore, but you may be wasting money if you don't have the opportunity to travel much these days. Annual fees and maintenance costs are recurring responsibilities and it can feel defeating to pay out money for something you don't use. Seek legal counsel to begin the timeshare contract cancellation process.
Determine If You Are Ready To Let Your Timeshare Go
A temporary drawback that is making it impossible for you to travel freely may be influencing you to seek a cancellation of your contract, but you should be completely certain that you are ready to give up your rights to the property that is part of a timeshare.
If your situation may change or if you have family members who may benefit by using your membership, you may want to make temporary adjustments or allow your relatives to handle costs associated with the timeshare, in exchange for being supplied with the ability to use the residence during the dates that have been reserved in your name.
If your long term goals will not involve traveling or if you are elderly or sick and have no interest in the timeshare, you have the right to seek a termination of the contract. Because some contracts may state that it is not possible to cancel a policy, a lawyer's advice will be needed in moving forward with the cancellation steps.
Furnish A Copy Of The Contract
Contract writing may be technical and hard to comprehend, and there could be clauses in the contract that make it seem as if the agreement is binding and that you will incur further expenses or legal action if you do not fulfill your part of the agreement.
Bring a copy of your contract to a lawyer who has experience in legal matters that involve formal agreements between two or more parties. A lawyer may review your paperwork for free or may charge a set rate to assess the contract, prior to determining the most favorable way for the matter to proceed.
Any new paperwork that needs to be filed to begin the cancellation of the policy can be drawn up and prepared through a law firm. You will receive copies of all documents that you sign and a lawyer will seek signatures from anyone else who was initially part of the agreement.
Talk to a company like Vacation Ownership Exit LLC to get help canceling your project.