April 5, 2020

Walking Away From Your Maintenance Fees

Cancelling Your Timeshare

There are a number of reasons timeshare owners are interested in cancelling their timeshares, and there are a few different ways to get out of timeshare ownership.

Use Your Rescission Laws

Consumers who purchased a timeshare within the last few days should be able to cancel their contract using their state’s rescission laws. State rescission laws allow you to cancel your timeshare contract generally within 3 – 14 days of purchase, varying by state. Your purchase documents should include rescission information.

Selling Your Timeshare

You could attempt to sell the timeshare yourself. Many owners will list their timeshare on Craigslist or Ebay as a starting point. You can also try to use a timeshare broker to help you with the sale.

Using a timeshare exit company

Many timeshare owners will partner with a timeshare exit company to help them get out of their contract. We can help you find the right company for your needs by using the contact information on this page.

What if You Want to Stop Paying Your Maintenance Fees?

We never recommend that owners simply stop paying their maintenance fees until they have entirely exited their contract. Like any other bill, there can be negative repercussions if you simply stop paying it while you still owe the money. Refusing to pay your maintenance fees can:

Negatively impact your credit
Render you unable to use your timeshare, even if you still own it
Incur repeated calls for payment from your resort
Result in a lawsuit against you

If you have questions about getting rid of a timeshare safely and legally, chat with us for free advice. To start a conversation, begin a live chat now with one of our consultants or fill out a contact form and we will be in touch.