The purchase of a timeshare is actually buying a part of a resort condominium where the owner can spend vacations for a limited period in a year. Many people buy timeshares half-heartedly, only due to the coaxing of sellers. Thus, they may repent for this purchase and consider it to be a waste of money. Such owners can cancel timeshare contract and simply get out of it, to prevent further expenses for this property.
Write a formal timeshare cancellation letter
A cancellation letter is a must for officially requesting to cancel a timeshare contract. The owner should write this letter in a crisp and formal tone, including all the essential information. This letter may be sent in printed form through registered mail or it can be sent via email in digital form. In the case of a printed letter, a signed copy should be kept with the owner for maintaining the record. The subject of this letter needs to bear the request for timeshare cancelation, which should be repeated in the body of the letter as well.
The language of this letter should be simple so that the content is easily understandable by receivers. The timeshare owner should mention his/her name, membership ID, contact details, name and relevant details of the timeshare as mentioned in the contract, date of signing the contract, and the contract number in this letter. All the information should be written separately in bullets and bold letters so that nothing can be overlooked. These details should not be written in the middle of a paragraph, due to which the information may go unnoticed.
When the rescission period is still not over, the owner should not opt for any other means to get out of the timeshare other than canceling it. Though the sellers may try to lure with better offers of reselling or transferring it to any beneficiary, a timeshare owner should stick to the demand of cancellation of the contract only and also mention it clearly in the letter. So he/she should make sure that the letter is duly received by the selling company, by sending it securely and keeping proof that the letter has reached the correct place. Moreover, it should be mentioned in the letter that a positive response is expected within 30 days of receiving the letter.
Vital points for writing a timeshare cancelation letter
A timeshare cancelation letter should not be too lengthy and may contain only a couple of short paragraphs. The content should be brief and written in a professional tone, expressing clearly the owner’s firm decision of canceling the timeshare contract. The writer should use only active voice and he/she should not sound shaky or hesitant about his/her decision. The words of the letter should express the confidence of the owner, for which he/she should write straightway about his/her decision.
However, it is not easy to cancel timeshare contract, as seller companies try to delay it as long as possible. So owners need to be prepared to wait for even months to get out of it. It is best to take the help of a professional timeshare exit company, to get this matter settled quickly.