Getting Out of a Timeshare Contract

Laws of a Timeshare Contract

If you happen to buy a timeshare for your vacation, you have probably some regrets as you look at the resale prices online. But there is still time to get out of the timeshare contract and hopefully get out of its disadvantages.

There are laws that allow you to cancel that contract within a certain period of time depending on the place you are in. if you bought a timeshare in the US, almost every state has enacted provisions that let you rescind your timeshare contract within a specified period of time. Different states have different number of days to rescind your contract from the date of the purchase. With that, you need to know what the law is in the state where you bought the timeshare. What matters here are the laws of the state in which you signed the contract.

The Timeshare Contract

The timeshare contract should provide you the information you need to know. This includes how to go about cancelling the contract. Once you have found the information on how to void your timeshare contract, just make sure to follow the instructions to the letter and then get it into the mail promptly.

Once you get out of the timeshare contract, you can now relax. In conclusion, before you buy a timeshare from a developer, be sure to know everything on the contract including your consumer rights. It is better to think twice first than rush into deal that you may regret later on.