If you’ve recently purchased a timeshare and have decided it’s not the right fit for you, you may be wondering how to cancel your contract. One way to do this is to write a timeshare cancellation letter.
Here are the steps you can take to write an effective cancellation letter:
Review your contract: Before writing your cancellation letter, review your timeshare contract to ensure you understand the terms and conditions of cancellation. Look for any deadlines, penalties or fees associated with cancelling, and make note of them in your letter.
Address the letter to the right recipient: Find the name and address of the person or department responsible for cancellations in your timeshare company. Address your letter to this person or department and include their name and title, if possible.
Use a formal tone: Your cancellation letter should be written in a formal tone, as it is a legal document. Start with a formal salutation and use professional language throughout the letter.
Provide your account information: In your letter, include your full name, the name of the timeshare company, your account number, and the date you purchased the timeshare.
State your intention to cancel: Clearly state your intention to cancel your timeshare contract. Be specific about the reasons why you are cancelling, but keep your tone polite and respectful.
Request confirmation of cancellation: Ask for written confirmation that your cancellation has been processed, including the date it was received, the date it will be processed, and the amount of any refunds owed to you.
Sign and date the letter: End your letter with a formal closing, such as “Sincerely,” and sign your full name. Include the date the letter was written and the date you would like the cancellation to take effect.
Here are two different templates for a Timeshare Cancellation Letter:
Template 1: Timeshare Cancellation Letter
[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]
[Timeshare Company Name]
[Address]
[City, State ZIP Code]
Dear [Recipient’s Name and Title],
I am writing to cancel my timeshare contract with [Timeshare Company Name]. My account number is [Account Number], and I purchased the timeshare on [Date of Purchase].
After giving it much thought and consideration, I have come to the conclusion that the timeshare no longer suits my needs. Due to personal circumstances, I am unable to continue with the payments and would like to cancel the contract. As per the terms and conditions of the agreement, I am well within the specified timeframe to cancel the contract without incurring any penalties or fees.
I request that my cancellation is processed promptly, and any applicable refunds be issued in a timely manner. Please acknowledge my cancellation in writing and confirm the date when it will take effect.
Thank you for your understanding and cooperation in this matter.
Sincerely,
[Your Signature]
[Your Name]
[Date]
Template 2: Timeshare Cancellation Letter
[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]
[Timeshare Company Name]
[Address]
[City, State ZIP Code]
Dear [Recipient’s Name and Title],
I am writing to cancel my timeshare contract with [Timeshare Company Name]. My account number is [Account Number], and I purchased the timeshare on [Date of Purchase].
I am writing this letter within the specified time frame to cancel the contract without any penalty or fees. The timeshare no longer meets my needs, and I would like to terminate the contract.
I am requesting that my cancellation is processed immediately, and that any applicable refunds be issued promptly. I would appreciate written confirmation that the cancellation has been received and processed, including the date it was received and the date it will be processed.
Please let me know if there is any further information or action needed from my end to facilitate the cancellation.
Thank you for your cooperation and prompt attention to this matter.
Sincerely,
[Your Signature]
[Your Name]
[Date]
Frequently Asked Questions (FAQs)
Q. What is a timeshare cancellation letter?
Answer: A timeshare cancellation letter is a written document that formally requests to cancel a timeshare contract. It is a legal document that can be used as proof that the timeshare owner has requested the termination of the agreement.
Q. Why do I need to write a timeshare cancellation letter?
Answer: A timeshare cancellation letter is an essential step in the process of canceling a timeshare contract. It provides written evidence of the request to cancel the agreement, which can be used as proof if there are any disputes or legal issues that arise in the future.
Q. What should I include in a timeshare cancellation letter?
Answer: A timeshare cancellation letter should include the account holder’s name, the name of the timeshare company, the account number, and the date of purchase.
It should also state the intention to cancel the contract, the reasons for canceling, and the request for written confirmation that the cancellation has been processed.
Q. Do I need to give a reason for canceling my timeshare?
Answer: It is not necessary to provide a reason for canceling a timeshare contract. However, providing a reason can help the timeshare company understand the cause for the cancellation and may speed up the cancellation process.
Q. What is the timeframe for canceling a timeshare contract?
Answer: The timeframe for canceling a timeshare contract varies depending on the state laws and the terms and conditions of the agreement.
Generally, there is a cancellation period of between 5 and 14 days after the date of purchase, during which the contract can be canceled without any penalties or fees.
Q. How should I send my timeshare cancellation letter?
Answer: It is recommended to send the timeshare cancellation letter via certified mail with return receipt requested.
This provides proof that the letter was received and creates a paper trail of the cancellation request. It is also a good idea to keep a copy of the letter for your records.
Q. What happens after I send the timeshare cancellation letter?
Answer: After you send the timeshare cancellation letter, the timeshare company should confirm the cancellation in writing, including the date the cancellation will take effect and any applicable refunds.
If you do not receive a confirmation or have any questions, it is best to follow up with the company to ensure the cancellation has been processed.
