You may be wondering how to cancel your timeshare if you recently purchased a timeshare and are having second thoughts.
Timeshare cancellation can be a difficult and complicated process, but with the right guidance you can do it successfully. An important step in the process is writing a timeshare cancellation letter to the timeshare company.
To help guide you, here’s a sample timeshare cancellation letter template:
[Your Name]
[Your Address]
[City, State Zip Code]
[Date]
[Name of the timeshare company]
[Address of Timeshare Company]
[City, State, Zip Code]
[Date Dear Sir/Madam,
I am writing to inform you of my intention to cancel my timeshare contract with your company. My timeshare details are as follows:
Resort Name:
Date Purchased:
Contract number:
I have carefully considered my decision and have decided that I no longer wish to continue with this timeshare. I am aware that there may be fees associated with the cancellation of this contract and I am willing to pay any fees that may be required.
Please advise me of the steps I need to take to complete the cancellation process. I would appreciate your acknowledging receipt of this letter and informing me of any additional documentation that may be required.
Thank you for considering and responding to my concerns.
Sincerely,
[Your Signature]
[Your Name]
Sample timeshare cancellation letter template Download
There are a few key points to keep in mind when writing a timeshare cancellation letter:
Include all of the relevant details: Your letter should include your name, address and contact information, timeshare company name, resort name, purchase date and contract number.
Explain why you want to cancel: Clearly and concisely explain why you are canceling your timeshare. You don’t have to go into great detail, but it’s important to give a brief explanation so the company understands your reasoning.
Be prepared to pay any fees: There may be cancellation fees, so be prepared to pay them. If you’re unsure, ask the company to estimate what this will cost.
Follow up with the owner: After you send your cancellation letter, follow up with the company to make sure your cancellation was processed correctly. You can ask for a written confirmation of the cancellation to be sure. Besides these points, it’s also important to be aware of your rights as a consumer when you cancel a timeshare.
In many cases, you have a certain amount of time to cancel your contract without penalty. This is called the “cooling-off” period. This period varies from state to state and from timeshare operator to timeshare operator, so make sure you research the rules which apply to you.
Terminating a timeshare can be a complex and confusing process, but by following the steps outlined in this article and using the sample timeshare termination letter template, you can make the process smoother.
Remember to communicate clearly with the timeshare company, and don’t hesitate to ask for help or advice if you need it.
