Our Timeshare Cancellation FAQs provide insights into how to successfully cancel an unwanted timeshare contract. If you have questions that are not covered in our timeshare cancellation FAQ’s, please contact us to arrange a free consultation with our dedicated timeshare attorneys.
Timeshare Cancellation FAQ’s
Timeshare Cancellation FAQs
You may be promised an enticement in exchange for attending a 90-minute timeshare presentation. Unfortunately, that half-price ticket or free hotel night may cost you a few hours of time in a very high-pressure sales situation. Our clients often describe tag-teaming sales representatives, who highlight investment benefits and unsurpassed family vacation pleasures. Those same reps gloss over maintenance costs, reservations problems and rapidly decreased timeshare values. Especially to be cautious about, salespersons press for on-the-spot decisions that can immerse you in a lifetime of financial obligations.
Both types are forms of vacation ownership. The traditional timeshare can be a deeded property in which you purchase the right to vacation each year for a week (or more) at a specific resort. Your week(s) can be fixed, floating or rotating.
The points-based timeshares popular today provide purchasers the right to use (or trade) lodging at a number of resorts, but they do not provide buyers with a legal interest in real property. Your use of points and even your ability to make reservations is highly influenced by the size and type of unit you desire, the time of year and location of the resort. For each week of timeshare points purchased, maintenance fees and assessments apply; and timeshares frequently expire after a stated period of time, like 20 to 99 years.
Timeshare weeks and points vary according to unit sizes, resort locations, times of the week and/or year used and resort amenities available. Timeshares usually are priced per point or per week, and often see an immediate drop in value – often compared to driving a new car off the lot. Timeshare resales are priced much lower than those purchased from the resort developer.
Typically, accommodation sizes and amenities set timeshare resorts apart from traditional hotels. As opposed to the usual hotel room or suite with bath, timeshares tend to offer multi-room condos with living, dining and kitchen facilities.
After purchasing a timeshare, you are obligated to share in the annual expenses to maintain your unit and the common grounds of the resort property. Those expenses cover upkeep, taxes and management fees. Average maintenance fees range from $500 – $1,000 annually, usually per week or per ‘x’ number of points. For example, 2018 Disney Vacation Club fees per 100 points are $62.79 Per Month or $753.53 per year.
Your legal representative will need your resort information to assure that the proper legal counsel is assigned to your case. Your experienced and knowledgeable attorney and support staff will assist you with all of the steps necessary to complete your timeshare termination.
When your timeshare attorney is assigned, you will receive a welcome letter with the name of the assigned attorney and the direct phone number to him or her, as well as our support staff. Your timeshare lawyer will fight for rescission until it is accepted by the timeshare resort and will stand by you throughout the entire timeshare disposal process.