Your Timeshare Exit Options Explained
Exiting a timeshare requires you to understand the terms and conditions of the timeshare contract, which have certain rules you can make use of. Legitimate timeshare companies will be aware of a sudden change of heart, and so will include certain criteria for exiting the timeshare. This is to cover their own backs, as it’s their business. However, for consumers, these terms and conditions aren’t always made explicit. That’s why you need to read through it all very carefully.
When exiting a timeshare, you will have at least four different options available to choose from. If you exhaust one, then move onto the next, and the next, until you successfully exit.
Make Use Of The 14 Day Cooling-Off Period
Timeshare contracts typically include a 14 day cooling-off period which you can take advantage of in order to exit the timeshare if you’ve changed your mind. As a result, the timeshare company has to pay you the refund within 14 days after you’ve officially exited the timeshare. For some people, a 14 day cooling-off period is more than enough time to make up your mind. Although it’s not enough for others who require more thought.
Read through the contract first and foremost to get to grips with all the fine details, clauses, and requirements before adding your signature to the document. This will help you to avoid any hassle should you change your mind. The timeshare company must provide information in good time before you sign the contract, giving you every opportunity to cancel if and when possible. This also makes the 14 day cooling-off period an incredibly useful tool.
Get In Contact With The Timeshare Company
If the 14 day cooling-off period has passed and you still want to exit the timeshare, then get in touch with the timeshare company directly and see what options are available to you for exiting. Best case scenario, you’re able to cooperate with them. Worst case scenario, they don’t listen. Either way, you have a right as a consumer to end terms on the timeshare agreement and come away with your money back as well.
A termination exit fee may be applicable to this situation. Timeshare companies often add clauses to contracts that state you need to buy yourself out of the contract in order to end it. However, this may cost you more than you bargained for when purchasing the actual timeshare! These exit policies are unfair, most of the time. But this could all have been avoided if you would’ve read the terms and conditions of the contract.
Sell Your Timeshare On To Someone Else
When worst comes to worst, you can always sell the timeshare to someone else if it’s becoming more of a burden in your life. Although this might be a hard sell, it could be a quick way of getting rid of the timeshare without having to worry about dealing with any hassle afterwards. Increasing maintenance fees and poor value for money could work against you here, but it could pay off in your favour anyway.
This one really is a long stretch. The desirability of timeshares has plummeted due to the horror stories and general bad rep associated with them. If someone else can quite easily afford your timeshare, then perhaps it may be an easier sell. But not everyone will be blessed with good fortune; that’s why you need to deal with timeshare companies legally. Doing so can save you having to worry about any of the nitty-gritty stuff.
Safely & Legally Exit Via A Timeshare Solicitor
The best way of dealing with a timeshare company is to enlist the services of a timeshare solicitor such as ourselves at Athena Law. A timeshare solicitor can come in to make your life a whole lot easier simply by taking away the stress of having to deal with the timeshare company. Timeshare companies will do their best to intimidate and pressure you into seeing out your contract with them. Timeshare solicitors see through that.
By getting in touch with a timeshare solicitor, you will have the best opportunity of seeing your hard-earned money return to your bank account. As we’ve helped to release hundreds of clients from inherently unfair and unenforceable timeshare contracts, we are more than experienced to deal with your case. Contact us to find out more about how we can help you with the timeshare. The legalities surrounding timeshare exits are complicated. So let us help.
Have You Been Affected By A Timeshare Scam?
If you’ve been the victim of a timeshare scam and want to do something about it, get in touch today by calling 0161 839 8847 or be sure to fill out the contact form provided on our website.
Together, we can beat these timeshare scams and take back what is rightfully yours!