You have probably heard about timeshare properties and what they are. If you haven’t, timeshares or basically vacation properties that are jointly owned by two parties or more. It is very simple. For example, if you own a timeshare with another family, you are allotted the timeshare for a part of the year which means that, you will be able to use it in that part of the year. The other party will be allotted another part of the year.
A timeshare is a very simple way for a number of people to share ownership of a vacation home or a property. This property can be a resort area, a condominium, an apartment, beach house or more. Timeshares are usually divided equally.
Most of the timeshares are divided into a weekly basis or monthly basis.
In a lot of cases, people have said that they wanted to cancel their timeshare, because of high maintenance costs. You should keep in mind that cancelling a timeshare is not exactly a very easy thing to do. That is why, you will have to draft a letter.
In this guide, I will be talking about what you should do when you are writing a timeshare cancellation letter.
1. You will have to make sure that the name of the timeshare is properly listed as it is on the contract. You should also include the name of the contract holder. The contact number is also essential. You also will have to include the purchase date and the membership ID.
2. Make sure that you set expectations. Timeshare companies will make their money by locking the people into bad deals which would depreciate faster than cards. When you want to get out of it, it is that goal to keep you in. In your letter, you need to say that you are no longer interested in a re-sale or even a beneficiary transfer or any other ownership opportunities. They will definitely try to persuade you. Do not fall for it. State that you expect a response by mail within the next 30 days.
3. Make sure that you send all of the correspondence by certified mail do not let the companies tell you that they did not receive your letter. Send everything through certified mail, so that you know that they have definitely received your request. Do the same thing for every future correspondence which is required throughout the cancellation process. You need to keep it in mind that it is very essential.
4. You should also keep in mind that you should never get emotional or express any unprofessional feelings. Never make use of passive-aggressive language is either. State what you want directly.