If you’re trying to cancel a timeshare contract after the rescission period has passed, you may have limited options for doing so. The rescission period is a legally-mandated period of time during which you can cancel a contract without penalty.
Once this period has passed, you may still be able to cancel the contract, but you may have to pay a fee or penalty for doing so.
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First Step
If you want to try to cancel your timeshare contract after the rescission period has passed, your first step should be to review the contract carefully to see if it includes any provisions for cancellation.
Many timeshare contracts include provisions that allow for cancellation under certain circumstances, such as if you are unable to use the timeshare due to illness or disability. If your contract includes such provisions, you may be able to use them to cancel your contract without penalty.
Provisions for Cancellation?
If your contract does not include any provisions for cancellation, or if you are unable to use the provisions that are included, your next step should be to contact the timeshare company and explain your situation.
The company may be willing to work with you to cancel the contract, but they are not required to do so. If the company is unwilling to cancel the contract, your only remaining option may be to seek legal assistance.
It’s important to note that the laws governing timeshare contracts vary by state, so you should consult with an attorney who is familiar with the laws in your state for specific advice on your situation.
Timeshare Cancellation Letter After Rescission Period Sample
I am writing to request the cancellation of my timeshare contract, which I entered into on [date of contract]. I understand that the rescission period for this contract has passed, but I am requesting cancellation for the following reasons:
[Insert your reasons for requesting cancellation, such as inability to use the timeshare due to illness or disability, financial hardship, etc.]
I understand that I may be required to pay a fee or penalty for cancelling the contract after the rescission period has passed, and I am willing to do so.
I am requesting that the timeshare company provide me with information on the specific fees and penalties that apply in my case, as well as instructions on how to proceed with the cancellation.
Thank you for your attention to this matter. I look forward to receiving a response from you.
Sincerely,
[Your Name]
