Timeshare Cancellation Letter [Free Sample]

For many people, purchasing a timeshare can be a once-in-a-lifetime opportunity that can help them improve their vacationing experience while also serving as a sound financial investment.

Individuals who travel to a specific destination every year or who join a timeshare club that permits them to travel to a variety of destinations are more likely to enjoy their vacations.

Not Satisfied With Timeshare Investment

While many people are happy with their timeshare purchase, some may believe it is not the best investment. When this is the case, make sure to take advantage of the possibilities created with a timeshare cancellation letter.

Timeshare salespeople are taught to captivate customers and persuade them that buying a timeshare is in their best interests. Even if a person is not financially prepared, it is easy to be convinced that making this holiday investment can provide them with numerous great benefits.

For the individuals who later regret their investment into a timeshare, utilization of a cancellation letter represents the best opportunity for canceling the contract and receiving a refund. While many people are happy with their timeshare purchase, some may believe it is not the best investment.

first step to completing a cancellation letter

The first step to completing a cancellation letter is to identify the rescission period. This represents a grace period where an individual has an opportunity to review a contract and decide if it is in their best interests.

don’t ignore the rescission period

Ignoring the rescission period will only create a situation where a person has no choice but to sell their timeshare rather than simply getting a refund. 

When creating a letter it is vital to input information such as the owners name as it is written on the contract, the date purchased, as well as the contract number.

A person can provide a list of reasons for canceling the timeshare contract. While this is not necessary, placing reasons can provide a timeshare company an opportunity to provide additional discounts or incentives if a person is reluctant in surrendering their timeshare.

Send letter by registered or certified mail

Finally, make sure this letter is sent by registered or certified mail to have proof these individuals have received the cancellation letter within the rescission time period.

The letter can also be sent through e-mail or fax to speed up the cancellation process. However, it is still necessary to send the letter through certified mail to verify the letter was received within the rescission period and not “misplaced.”

Sample 1 - Timeshare Cancellation Letter

[Tammy Bridges]
[324 South Beach Lane]
[San Francisco, CA  90008]
[(123) 444-0021]
[tammy@email.com]

[July 09, 2021]

[XYZ Timeshare Company]
[197 Timeshare Road]
[Berkeley, CA  90003]
[(324) 212-5890]

Attention: Customer Service

RE: Contract Number: [12345678]

The goal of this letter is to request that my timeshare contract be cancelled. My name is [Tammy Bridges], and on [1/23/2021], I acquired a timeshare from [XYZ Timeshare Company].

I’m writing you during the rescission period to cancel this timeshare contract, as per the terms of the contract.

Timeshare: [ABC Resorts]
Owner: [Tammy Bridges]
Contract Number: [12345678]
Date of Purchase: [01-23-2021]

I’ve made the decision to cancel my contract for the following reasons:

1. When I first bought the timeshare, I thought it was an opportunity I could afford. Now that I’ve thoroughly examined my financial condition, I believe this is no longer a wise investment.

2. While this area offers many unique opportunities, there are many other costs associated with owning a timeshare that I did not factor in.

To be clear, I must immediately terminate my timeshare arrangement. Please send me a formal confirmation that you received this letter within the revocation time. Please also give me with the information I’ll need in order to receive my first deposit.

Sincerely,

[Tammy Bridges]

Sample 2 - Timeshare Cancellation Letter

[Anthony Brown]
[426 Mystic View Turn]
[Glen Burnie, MD  21061]
[(555) 444-0021]
[anthony@email.com]

[January 16, 2021]

[ABC Timeshare Company]
[557 Timeshare Lane]
[Berkeley, CA  90003]
[(555) 292-5890]

Attention: Customer Service

RE: Contract Number: [33344455]

I’m writing to let you know that I’d like to terminate my timeshare contract with [ABC Timeshare Company], which I acquired on [Date]. I’m writing you during the rescission period to cancel this timeshare contract, as per the terms of the contract.

To be clear, my timeshare contract must be terminated immediately. Before the cancellation period expires, please email me a formal confirmation that you received this letter. Please email me the details I’ll need to make my first deposit.

Sincerely,

[Anthony Brown]