Many individuals may find timeshare contracts daunting and at the very least, distressing, especially if they want to get out of it for one reason or another sooner than expected. Often, many enter long-term agreements that are not compatible with their budget or even way of life. This is when providers get prepared to present their timeshare cancellation issues by sending a properly drafted letter of complaint.
Although most people tend to ignore this requirement, the letter is the first step in a prophetic process of asking to cancel a timeshare contract, particularly during the so called ‘steel curtain interval’. Most people do not appreciate that it is easy to cancel a timeshare for reasons such as more money being asked for monthly fees, false agreements etc. Procedures that define success in the attempt to solve a case especially such as this also depend on details, style, and dispatch of the timeshare cancellation letter.
Thus, knowing the elements that need to be included, the time of submission or making sure the cancellation letter is sent to the right recipient and received with no problems is very much important. It is therefore worth acknowledging before going through the available formats and even templates that there are times where such letters are used and explaining where and why accuracy in these letters is desirable.
Understanding Timeshare Cancellation vs Rescission
Before Proceeding to write a timeshare cancellation letter, it is important to differentiate between the terms cancellation and rescission as they are often interchangeably and incorrectly used. The right to rescind a contract within a certain period, more commonly referred to as a ‘cooling off’ period, is what is meant by rescission in its broadest form. Each state provides the consumer with a stipulated period within which a purchase decision can be revoked without any consequences. Such a period of time is 3-15 days in most states. Rescission is not contingent on the buyer giving any reasons for the same; it is the absolute right available to a consumer in order to shield themselves discouraging any possible buyer’s remorse specially in sensitive areas like timeshares.
In other words, some timeshare cancellation processes pertain to the termination of a contract beyond the rescinding period. Cases like these are very complicated and almost always require a certain degree of lawyering, mediation or compromise, or evidence of injustice or breach of contract. Rescission allows for a release, or better said, a cut off from the contract with certainty so long as it is done within the time span dictated; termination or cancellation beyond these time limits though would incur costs or in its extreme end, fights and stories. It is important to understand it since that dictates how you are going to draft the letter and what purposes you will seek to achieve. A timeshare cancellation letter that is mailed within the allowed period, is a simple request that is not accepted but cancelled; on the other hand, where address is given after the time has elapsed, it becomes more of a letter of appeal accommodation. Clear meaning of these phrases allows one to engage in behaviors that are expected of his/her position in either jurisdiction and in regard to the existing contract.
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Key Elements to Include in Your Letter
A letter requesting a timeshare cancellation is more about keen expectation than just a statement asking for quitting the deal. When trying to craft such letters, especially if issued within the period of recession or during legal interventions, they should contain essential concise clear and organized parts. It is the precision and ethics of your letter that shall determine your impact and seriousness on this issue. This is no mere change of heart announcement but a stronger declaration that in case would need to be defended.
Clear Identification of the Contract
Highlight all the relevant information regarding the timeshare contract that has been the subject of scrutiny. Provide full names of the persons who joined in the agreement, the date of acquisition, identification number of the contract in question and the details of the particular timeshare including the place and unit number from the transaction. Ensure that the agreement is clear, without leaving any room for doubt of who is being referred to, and there will be no reason for the addressed Company to decline the request on grounds that sufficient information has not been provided.
Statement of Cancellation or Rescission
After this, vigorously state that you wish to terminate the agreement before it is formally executed. While the cooling-off period is yet to elapse, emphasize that you intend to seek such action as allowable by the law of the state. Let the language be plain, forceful, and leave no one guessing or ready to bargain.
Request for Written Confirmation
You should also add a proper plea that the recipients of the cancellation cases are receiving them and processing them. Doing this is a proactive step which sets a benchmark of time, of course. When sending via mail, indicate certified, return receipt requested, via a courier or any type of delivery whereby documentation of having been received exists.
Signature and Contact Information
Last but not least, finish the letter by stating your first and last name, your signature, postal address for correspondence, contact number and email address. These components serve as credibility in the letter and are important in ensuring that the timeshare company will not hesitate to respond. When all the key elements of a letter are present and well written the chances of failure or delay are diminished, consequently the probability of simple timeshare failure is heightened, or rather, a cancellation which is clean and uncomplicated is likely.