Can You Legally Cancel Timeshares?
Some buyers might experience remorse after making a big investment like a timeshare. These people may wonder if they can cancel timeshares. The Youtube video “Timeshare – Know Your Right of Rescission” has all the information a person should know to make the right decision. Let’s find out more!
The most important thing to know about if you’ve just bought a timeshare is the right of rescission, which is the period given after you make a purchase where you can still back out. This grace period is short, lasting anywhere from three to 14 days.
During this time, you’ll be able to legally exit your timeshare agreement and get a refund from the developer. Unfortunately, if you miss the grace period, you’ll still be bound by your contract.
Some people fall in love with the idea of a timeshare after a presentation, but they’re often not prepared for the full commitment that a timeshare requires. Then, when they’re no longer interested in the timeshare, they don’t know how to get out of it. This is why it’s important to check all the parts of your contract and understand them fully. Sometimes, your right of rescission might be hidden in the fine print. You can watch the rest of the video for more on how to cancel timeshares.