How to sign a timeshare contract

More often than not, buying a timeshare looks far better on paper, than it turns out to be in real life. If you’ve been roped into buying a timeshare unit by a hard-selling salesperson, you don’t have to settle for a lifetime of timeshare ownership.

Contrary to popular belief, there is a way of getting out of a timeshare contract — but much of this relies on timing. Otherwise, you may have to go the legal route.

To learn more about how to get out of a timeshare contract, this blog outlines what you need to know.

Common Reasons for Canceling a Timeshare Contract

Why do so many timeshare owners want to free themselves of a timeshare contract? Most of the time, these reasons vary:

  • Owners realize they have been sold a ”pipedream” and the contract is not as good as it seemed
  • Owners are unaware of their obligation to pay high property taxes
  • An increase in property maintenance fees and other hidden costs

Basically, owning a timeshare can be far more expensive than most people realize. They are generally not told about all of these additional fees in much detail, either.

How to Get Out of a Timeshare Contract, Legally

When you sign into a timeshare contract, you have a fixed-term or window of time to cancel the contract after signing it. This is known as the ”cooling off” period. This window of time differs according to state laws. Usually, this period is quite short and is only valid for one-two weeks.

This means that you have to act quickly if you want to cancel a timeshare contract. But many timeshare owners tend to neglect this cancellation period and only realize that the timeshare deal no longer suits them, later on down-the-line. In this case, this timeshare exit team can help.

Here’s how to cancel your contract correctly within the cooling off period:

1. Make Sure It’s in Writing

First thing’s first, make sure to check your timeshare contract for the number of days you have in your cooling off period. This gives you an accurate window of time in which to cancel. Then, you must draft your cancelation intent in writing.

Even if it’s not an exact requirement, it’s always better to put things down in writing. Make sure your letter of intent includes the following:

  • Your full name, as per the contract
  • The title of the timeshare corporation
  • An exact description of the type of timeshare you own
  • The date you signed the timeshare contract
  • You intent to rescind or cancel the timeshare contract

Bear in mind that you don’t have to give a reason as to why you want to cancel your contract. This is your legal right which means that reasoning is not necessary.

2. Deliver the Letter as per the Contract

Timeshare companies are sticky about how and when cancelation letters are delivered. So you want to take extra care and ensure you follow their instructions, which should be outlined in the contract. In some cases, you can hand-deliver a cancelation letter, but most of the time it must be delivered via certified mail.

It’s important to follow their exact instructions and deliver the letter within the cancelation period, otherwise, it could be considered invalid.

What Happens if the Cooling Off Period Has Expired?

If you have not canceled a timeshare contract within the designated window, you may have some trouble getting out of the contract. In some states, it may still be possible to cancel outside of the cooling off period. But most of the time, you’ll need to hire a real estate attorney for legal advice.

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In summary, the best advice on how to get out of a timeshare contract is to read the actual contract very carefully and make sure you cancel within the designated timeframe. Otherwise, you may have to take legal action.

If you’re an aspiring blogger looking for content inspiration and exposure, be sure to explore the rest of this site for more! We also offer regular tech, news, travel, health, and finance updates.

Ready to Join the Timeshare Movement?

Timeshare, also known as vacation ownership, is one of the world’s most popular ways to vacation. Why settle for less when you can vacation in luxury, year after year, in virtually any destination you desire? It’s all possible when you become an owner in a timeshare resort property.

Westgate Resorts has more than 400,000 timeshare owners enjoying exquisite resort accommodations in Orlando near Disney, as well as Las Vegas, Gatlinburg, Myrtle Beach, Branson, Williamsburg, Miami, Park City, Cocoa Beach, and other exciting and popular destinations. They’re enjoying spacious and luxurious villas with all the comforts of home, not to mention a long list of fun-filled resort-style amenities like tropical swimming pools and hot tubs, water parks, fitness centers, miniature golf, on-site restaurants, paddle boats, scheduled activities and more.

So how do you join the fun?

How do you get your own timeshare vacation plan? It’s easier, and probably much less expensive than your think!

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  • Timeshare
  • Timeshare Vacations
  • Timeshare Promotions
  • How To Get a Timeshare
  • Westgate Timeshare Reviews

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Experience the Timeshare Difference

The best way to get a timeshare is to first give vacation ownership a test run, by taking a vacation! Just choose your favorite destination and enjoy a money-saving discount timeshare tour and vacation package.

  • You’ll save substantially off the regular vacation package pricing
  • Popular packages often include complimentary show or attraction tickets
  • Enjoy a spacious resort villa with all the comforts of home
  • Experience firsthand our many exclusive resort amenities and activities

There is absolutely no obligation for you to purchase vacation ownership. Your resort timeshare tour & presentation will typically include:

  • Delicious, hot breakfast
  • Fun, 2-hour golf cart tour of the property
  • A chance to see everything and ask questions about the resort
  • A short presentation outlining the advantages of timeshare ownership
  • A breakdown of the fees associated with timeshare

Timeshare is not a one-size-fits-all package. There are many options that can raise or reduce your costs, including resort location, unit size, the time of year you wish to vacation, length of vacation stay, and more.

Choose Your Timeshare Vacation Package

Ready to make every vacation a dream vacation? At Westgate Resorts, we offer a wide range of vacation packages and amazing destinations. As a timeshare owner, you can stop renting your vacations and forget about those typical small, cramped hotel room.

Instead, you can own your vacations with deeded real estate and have the right-to-use your timeshare week at any of our popular resort destinations. And wherever you vacation, you’ll enjoy large, luxury accommodations that create a true home away fro home!

How to sign a timeshare contract

Timeshare Specials

There’s no better time to see how timeshare can work for you and how you can start creating a lifetime of memories with fantastic vacations at Westgate Resorts. Check out our many available timeshare vacation specials and discount packages.

DID YOU KNOW CANCELLING YOUR OWN TIMESHARE IS THE SAFEST WAY?

More and more timeshare owners are searching for the safest way to cancel their timeshare contracts with out taking any more financial loses than they already have experienced. Safety is one of the main reasons that have forced timeshare owners to do more research and take more time to understand the cancellation pro’s and con’s. According to ARDA ( American Resort Development Association ) ” the “2019 State of the Vacation Timeshare Industry: “United States Study, the annual industry survey conducted among all identified U.S. timeshare resorts, 89 percent of timeshare resort owners reside in the United States while 11% of the owners reside in some other countries.”

I’m sure you can relate.

More and more timeshare owners are searching for the safest way to cancel their timeshare contracts with out taking any more financial loses than they already have experienced. Safety is one of the main reasons that have forced timeshare owners to do more research and take more time to understand the cancellation pro’s and con’s. According to ARDA ( American Resort Development Association ) ” the “2019 State of the Vacation Timeshare Industry: “United States Study, the annual industry survey conducted among all identified U.S. timeshare resorts, 89 percent of timeshare resort owners reside in the United States while 11% of the owners reside in some other countries.”

How to sign a timeshare contract

Many timeshare owners have tried everything from renting, listing,advertising and even the unsafest choice, trying to sell their timeshare with no avail.

The #1 reason why timeshare owners are looking for the safest option to dispose of their timeshare obligations is because of all the horror stories of timeshare owners that have tried to get out of their timeshares and have lost thousands of dollars or fallen into timeshare scams. Most timeshare owners were told that their timeshare purchases were originally an investment and the timeshare would increase in value due to location or early buy in specials offered. Sad truth is when it finally came time to get out of the timeshare the resorts wouldn’t purchase back the timeshare. Most timeshare owners upon trying to exit their timeshare with the resort were actually sold more vacation time with the hopes of reducing maintenance fees. Most timeshare owners forgot the the timeshare resorts are in the sales business thus every time you go to use the timeshare your approached with a owner update or option to upgrade. Unfortunately most timeshare owners have the same problem and that is NOT being able to say ” NO”. A whopping 78% of timeshare owners that got upgraded were at their resort on vacation suppose to be relaxing but ended up buying more vacation time on vacation.

DIY Safety Check- List

Truthfully every Timeshare Cancellation varies in magnitude and complexity, there are some rules that should be followed with every DIY timeshare cancellation project. Timeshare cancellation has its own share of hazards if done incorrectly, especially when doing something you never done before or have no prior experience. This is why most timeshare owners freeze up when they here the thought of doing it themselves and begin to think of the process as one of the most dangerous jobs. The key things timeshare owners are looking for is the safest way to cancel a timeshare with spending thousands of dollars in the process.

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05 Sep DECEPTIVE SALES PRACTICES TIMESHARE MARKETERS USE TO GET YOU TO SIGN A CONTRACT

Timeshare marketers are known for employing deceptive and fraudulent sales tactics by making false promises related to the ability to exchange weeks, the resale value or the fees associated with the purchase in order to close their sales and pull you into a contract that will result in financial strains and are made by the timeshare company difficult to cancel.

If you are a victim of some of these deceptive sales tactics used by timeshare marketers then, a timeshare attorney can help you legally get out of the timeshare contract by guiding you on how to take legal action against the timeshare company.

You have to beware of timeshare sales presentations, most of these presentations are usually filled with outright lies. Timeshare sales are commission driven; the sales people get 20% of the deal so they will always make false statements to get potential buyers to make a purchase, Timeshare presentations are used to promote the sale of overpriced products.

The following point discusses some of the common illegal tactic used to sell timeshares contracts by a timeshare salesperson.

High pressure sales tactics and fast-talking; there are times while on vacation a timeshare marketer will approach you to make a (supposedly) short sales presentation about buying a week in a vacation resort. There have been also instances of consumers being followed to their car by timeshare marketers if they turn down the offers presented. Don’t ever buy a timeshare contract on the spot. Take the time to evaluate the deal, research and sleep on it if necessary.

Most timeshare marketers will tell you that the offer is only good for the day of the presentation and if you take it with you to review it then you will lose the incentives. It is your legal right to review the contract yourself and also have a Timeshare Attorney review it as well.

The use of free gift and tickets to lure you to a sales presentation; timeshare marketers are known to offer a free gift or free tickets to lure you to attend a sales presentation, be aware that this sales presentation are usually lengthy. A timeshare marketer might advertise a presentation that will actually last two or more hours. By the end of the presentation, most people feel exhausted, pressured and worn down by the sales pitch and end up purchasing a timeshare contract without meaning to.

Misrepresenting the value of a timeshare interest; a timeshare marketer will do everything they can in order to close the deal but will never reveal the true cost of what you are purchasing. When purchasing this timeshare contracts contact read the contract and have it reviewed by a timeshare attorney. Make sure all promises made to you by the timeshare marketer are in the contract. Do not rely on promises that are not in the contracts as they won’t be enforceable (Timeshare contracts often include clauses that discredits any promises made during the sales pitch.) Make sure the contract includes clauses concerning both non-disturbance and non-performance.

A timeshare attorney is important when you want to purchase a timeshare contract. It is not surprising that high-pressure and misleading tactics are frequently used by timeshare marketers to lure their victims. If you are a victim of some of these fraudulent sales tactics mentioned a timeshare attorney can help you file a successful lawsuit to help you legally get out of a timeshare contract.

How to sign a timeshare contract

Uncertainty is common among owners when they’re searching for options on how to get out of a timeshare contract. If you’re ready to get out of or get rid of your timeshare, we can help. You should never stop paying your timeshare in the meantime. If you do, it could be more difficult to sell or you may default on your ownership.

How to Get Out of a Timeshare Contract Legally

Maybe you’ve come into financial hardship or your timeshare just isn’t suiting your lifestyle anymore. Don’t panic, however, because there are routes every owner can take. By providing you with honest resources, we want you to make the right decision for your unique situation. We’ve compiled the best information out there to get you on the path to getting out of your timeshare. How to get out of a timeshare can look different for everyone, but timeshare resale is a common option.

Can You Cancel A Contract?

How to sign a timeshare contract

If you have just recently purchased a timeshare and are having second thoughts, we recommend reviewing your timeshare contract. Timeshare contracts have a recission period, where you can cancel your purchase. In Florida, the recission period ends ten days after your purchase. Be sure to check with your developer to see when yours ends.

Each developer and contract will lay out different rules for recission, so it’s worth looking into. Most often, timeshare resales are a great way to purchase a week or points for less money than if you buy directly. If you are past the recission period with your current timeshare, unfortunately, you most likely will not be able to cancel your contract easily. You should, however, take a look at other common options available to you.

Will My Resort Buy Back My Timeshare?

Firstly, we recommend calling your developer, HOA, or resort to get started. Some resorts may take back timeshares depending on where you stand with your ownership. If your resort won’t buy your timeshare back, however, you may be surprised to know there are legal and safe ways to get out of your timeshare.

In-House Timeshare Exit Solutions

Many developers offer in-house programs geared toward assisting owners who want to exit their contracts, so contacting them is a great place to start. Additionally, many developers have partnered with the American Resort Development Association to provide clear and honest solutions for exiting. This program is called the Coalition for Responsible Exit.

They can let you know if they have any in-house solutions or recommended resellers to help you, so we recommend reaching out to them at ResponsibleExit.com. In addition, many brands have featured resellers that they have vetted and trust to help their owners sell their vacation ownerships. Below are a few in-house programs offered to owners by major brands. To see if your developer has a program that isn’t below, visit their website or give them a call.

Wyndham Cares

Created for owners seeking an exit, Wyndham Cares and Certified Exit—Backed by Wyndham are Wyndham Destinations’ in-house exit programs. According to their website, owners can give them a call and hear all of the options available. Additionally, there are no hidden fees or extra purchases required.

The Legacy Program by Westgate

Similar to Wyndham’s programs, The Legacy Program by Westgate offers owners solutions to exit their timeshares. By working with owners to discuss their options, they seek to find a common solution. Many brands like Westgate want owners to know they have options within the brand. This serves as a way to direct owners away from unscrupulous timeshare exit teams. Further, you can visit Westgate’s page for more information if you own with them.

Exit Diamond Timeshare

Diamond Resorts Listens is the name of the page provided to Diamond vacation owners who want options for exiting their timeshare. For a free consultation, visit their webpage and fill out the form and as a result, a Diamond representative will discuss options with you to exit your ownership.

ARDA Responsible Exit

If you’re wondering about exit solutions for vacation ownership, we recommend browsing ARDA’s Responsible Exit page. Additionally, they have a full list of the brands that have signed up to participate in the Responsible Exit coalition. Head over to their webpage to see if you’re developer is on the list.

What Happens If You Stop Paying Your Timeshare?

How to sign a timeshare contract

If you feel like you are going to fall behind on your payments, consider what will happen if you stop paying your timeshare. The resort or developer will most likely send the bills to collections, which consequently can really hurt your credit. Furthermore, if you stop paying your timeshare be aware of what will happen. Your ownership will likely go into foreclosure and this will stay on your credit report, so we cannot stress enough that you should never just stop paying your timeshare.

Above all, if you’re trying to sell your timeshare, it’s best that it is in good standing. Being behind on fees and dues means it will mean it will be even more difficult to get out of your ownership.

Timeshare Exit Companies

You may have heard of timeshare exit companies that promise to help you cancel your timeshare contract. Similar to a house mortgage and deed, you can’t just cancel them. Paying a lawyer upfront fees to get you out of your timeshare is not the best route to take.

Common Scams to Avoid

Oftentimes these exit companies will take your money and not help you at all. If you suspect you’ve been introduced to a timeshare scam, call your developer or ARDA and let them know. They will be able to guide you in the right direction and vet any third-party companies.

List Your Timeshare for Sale

How to sign a timeshare contract

Undoubtedly, an option most owners take is listing their timeshare for sale. This way, you can try to get back some of the money you put into it. In short, if owners don’t want to or can’t afford to pay their maintenance fees, selling a timeshare is one of the best ways to get out of it. Using a Licensed Real Estate Brokerage like ours is the best way to get out of your ownership legally.

If you’ve scoured all the options for getting rid of your timeshare and are curious about selling, we can help. At Fidelity Real Estate, we’ve been Leading With Pride for over 20 years. Our focus is on the resale market and helping owners reach their goals, whether it’s buying or selling. Contact a licensed agent today to discuss your options.

Subscribe to Fidelity Real Estate’s blog for more travel and timeshare insights. Don’t forget to check us out on Instagram, Facebook and Twitter.

How to sign a timeshare contract

Timeshares are illiquid assets that are not investments. They quickly lose value over time. Available timeshares are the vacation properties such as condominiums in which several people share ownership of the property. Reputable timeshare lawyers are hired by people who seek to purchase a vacation property for a certain period. The lawyers help you understand whether the vacation property is shared deed ownership or a shared, leased ownership interest. Moreover, reputable timeshare lawyers advise accordingly to ensure you don’t suffer a huge loss.

The best place to buy timeshare resales is when they are cheap. Resales of timeshares are listed at a more affordable price than the original price, mainly because there is excess supply than demand. It is advisable to check different affordable vacation timeshare rentals before settling on one. Renting will save you much more hassle than owning. Individuals and companies advertise my timeshare on their websites. Timeshare contracts are legally binding, and before signing the contract, one must understand the finer details.

Timeshares are rarely a good investment unless the property is undervalued or in a place where it is underdeveloped. Owning a timeshare is similar to having a swimming pool. If one enjoys swimming, then constructing and maintaining one is not a monumental task. Furthermore, if you lose interest in owning a timeshare, you can contact property lawyers and reputable timeshare lawyers to get rid of the timeshare.

How to sign a timeshare contract

Have you recently looked into timeshares? If you have, it may be better to walk away from the opportunity rather than look further into. The timeshare industry is one full of scams and false promises. You may think that owning a timeshare means you can enjoy a vacation whenever you want, but this isn?t really the case. A timeshare requires much more on your end. It?s not simply a place to go and vacation with your friends and family. So, before you purchase a timeshare, do some research and think long about the commitment.

Interested in learning more about why you will want to get rid of a timeshare if you get one? Keep reading to find out why people are always getting rid of a timeshare rather than enjoying it like they expect.

How Many People Own Timeshares in the United States

Despite the fraud that getting a timeshare can be, many people choose to own timeshares in the United States. In fact, out of all the households in the country, around 3% own timeshares. Who knows how many of these people look into finding timeshare attorneys to help them when they decide to focus on getting rid of a timeshare.

All-in-all, most people pay around $20,000 for their timeshare. When they start looking for a timeshare, they can look at any of the 1,547 resorts that exist in the United States offering timeshares. Nearly one fourth of these can be found in Florida, specifically. This could be due to the fact that Florida is a very popular travel destination for many in the United States.

When people vacation in Florida, they start to think of it as a place full of happy memories and fun activities to do. So, why limit your time in Florida to just one vacation a year? When they get this mindset, they decide perhaps they want to purchase a timeshare. However, they don?t realize until later how much of a hassle it will be to start selling a timeshare. Nor do they consider that they may need timeshare lawyers to help them with their case.

Reasons People Choose to Focus on Getting Rid of a Timeshare

There are plenty of reasons why people decide they want to learn how to get rid of a timeshare. One of the main reason is the upkeep it takes that they weren?t originally expecting. Eventually, the fun of it wears off. It?s not just a vacation every time you go to your timeshare. In fact, it becomes more of a job than a fun time.

When you own a timeshare, you have to care for it by doing repairs and maintenance as needed. This means your timeshare becomes more a financial burden than you may have been prepared for originally. Paying for the maintenance and repairs is only half the battle. You also have to be there to schedule appointments and oversee everything to make sure it is done properly so you don?t waste your money.

How to sign a timeshare contract

When things like this begin to occur, owners start to get nervous. When they realize owning a timeshare can be similar to owning a home, they recognize the burden they have gotten themselves into. So, they eventually look into ways on how to legally get out of a timeshare contract. Without the help of a timeshare lawyer, they won?t get far in trying to figure this out, though.

Even with a timeshare attorney, getting rid of a timeshare can still be an uphill battle. There?s no good and easy way to efficiently get out of a timeshare despite the burden that it has become for you and your family financially and in other ways. For that reason, it is best to avoid ever buying a timeshare or signing a timeshare contract. Enjoy your vacations the normal way instead of trying to extend your vacation by having a special home in Florida or elsewhere.

Have you ever signed a contract for a timeshare? Are you thinking about getting rid of a timeshare? Let us know about your experience finding and working with a timeshare attorney for your case.

How to sign a timeshare contract

Timeshares are notoriously hard to shake. Some can legally bind you to a contract for up to fifty years, and others will tie you up in knots just to stop you from trying to break free. So if you want to get out of timeshare for good, you’re going to need some good legal help on your side. At Timeshare.Lawyer, our mission is to help people say goodbye to timeshare simply, and with minimal fuss or stress.

Trying to get out of timeshare on your own can be fraught with difficulty. Unless you are an expert in timeshare law yourself, then it is unlikely you will be able to navigate the complexities of specific contract law and legislation that apply. It will take a lot of time and energy, and you will be up against aggressive tactics from the timeshare company, who would prefer you drop your case and will go to any lengths to keep you as a paying member. After all, these timeshare companies are losing money hand over fist as more and more cases come to Court that are ruled in favour of claimants, forcing these companies to fork out compensation, return paid sums, and lose paying members in the process.

One of the main reasons that timeshare companies have succeeded in the past with keeping people bound to their contracts is that most people do not understand enough about timeshare law to spot flaws in the contract that could allow them to get out of timeshare altogether. Often, the timeshare companies take to the internet, using all their powers to defame any timeshare lawyer who poses a threat. Rather than mending their ways and trying to evolve their business model, they stick to their unloaded guns.

Contracts Can Make It Hard to Get Out of Timeshare

Timeshare law can be as confusing and complicated as the contracts issued by timeshare companies. When the average person tries to understand either, let alone both together, it’s little surprise that they come away feeling like the task is too hopeless to even try.

This, unfortunately, is exactly what the timeshare companies rely on. The moment a person engages a timeshare lawyer to help them, it all quickly becomes clear: most timeshare contracts are not what they seem. There have been numerous cases of timeshare contracts being issued that breach regulations on fair and clear use of language. Signees feel intimidated by the confusing language in the contract and pressured to sign, and unfortunately often do so out of a lack of confidence in asserting their rights. These rights include the right to show a contract to a legal professional before signing, and a fourteen day period after signing in which to change their mind and have the contract torn up without further obligation. It is also illegal for any timeshare to exceed a maximum of fifty years’ duration.

Of course, not all timeshare contracts will be found to be in breach of the law. If this is the case, then it still doesn’t mean that you can’t get out of timeshare! A timeshare legal expert will be able to advise you as to how to legally say goodbye to your timeshare contract, without having to attend Court. Legal counsel isn’t free, but when you add up the cost you pay in annual maintenance fees and so on over the years, it is likely to be the less expensive option, and certainly the easier option when you consider the amount of work involved and the potential stress you might endure from intimidating timeshare companies.

Illegal Timeshare Contracts

Let’s say, however, that there is found to be legal wrongdoing in your timeshare contract. This is not uncommon, and there are plenty of timeshare legal cases being won in favour of claimants to prove it. Many timeshare contracts contain clauses that have recently been ruled against the law. These are just some examples:

Perpetuity Contracts

Timeshare contracts that exceed a fifty year contract term, also known as ‘in perpetuity’ , are now illegal. Cases have been heard where a contract does not specify an end date, and have thus been ruled as ‘in perpetuity’, as the lack of clear definition of an end date implies that the contract will last ad infinitum. Where the contract lasts over fifty years or does not specify an end date, the claimants have won compensation for their illegal timeshare contract, their legal fees paid, and – most importantly – they get out of timeshare for good!

Floating Weeks and Timeshare Points

More cases are also coming up where floating week and points-based systems being ruled illegal. Though this is a more complicated aspect, your timeshare lawyer will be able to tell you whether the points-based or floating week system of your timeshare contract is in breach of this law, and advise you how to proceed. The reason that floating weeks and timeshare points are under legal scrutiny is down to the fact that vast numbers of people who are members of these type of timeshares find themselves unable to book a holiday, even when trying to do so up to two years in advance. This is a common problem, as the availability of holidays within the system can be manipulated by the timeshare company itself, and priority booking is offered to non-members above paying customers, with the aim of getting these non-members to sign up and thus earn the timeshare company more money. Of course, the more people trying to access holidays in the system, the fewer will be available and many people find themselves having to settle for inferior holidays despite having forked out lots of money for luxury timeshare holidays.

Cooling-Off Periods

Where the fourteen day ‘cooling-off’ period was not honoured, i.e. where sums were taken during this period or where the signee was not given the opportunity to change their mind, the contract can be ruled null and void, with double the amount paid returned to the signee. No sum can legally be taken during this period as it is the consumer’s right to have time to think over their decision. In the past, where people have handed over deposits or other sums straight away, they have found it impossible to get this returned when they change their minds. In some cases, people are not even made aware of their right to this cooling-off period, which is also illegal.

What If It’s Not Illegal?

Many people, thinking that the only way to get out of timeshare is to sell it on, end up selling it for just £1 on eBay – a big mistake! Others fall victim to timeshare scams that promise to offer them timeshare release which never transpires (after large sums of money are handed over). Some even simply hold on to their timeshare and keep paying out year after year, assuming that they are stuck with the contract for good. This is far from the case. Even if your timeshare contract is not one of the expressly illegal ‘in perpetuity’ contracts, there is always a way to get out of timeshare – you just need to find the right guidance and advice.

Can I Get Out Of Timeshare Just Because I Want To?

In short, it is very much possible to get out of timeshare. Selling your timeshare on may be difficult, but getting the contract annulled is more commonly achieved successfully.

As a landlord, timeshare properties can be lucrative, but if you’re welcoming numerous people onto your property, you need to make sure that it’s properly cared for, that rent is paid on time, and. Read More

How to sign a timeshare contract

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Making a Timeshare Lease

What is a Timeshare Lease?

As a landlord, timeshare properties can be lucrative, but if you’re welcoming numerous people onto your property, you need to make sure that it’s properly cared for, that rent is paid on time, and that your rules are followed. By making a Timeshare Lease, you can safeguard yourself when you are offering your property for rent. With signatures from the tenant and the property owner, this document can help to set appropriate expectations and reduce the risk of disagreements. When ready, you can click the button that says “Make document” to check out our Timeshare Contract example.

Is my Timeshare Rental Agreement legally binding?

As with any other legal agreement, Timeshare Leases are not legally binding until they are signed by the landlord and all tenants. This is not a run-of-the-mill Timeshare Lease template. Any Timeshare Rental Agreement under a Rocket Lawyer membership is supported by Document Defense ® , an optional benefit designed to help enforce your rights.

Do I need to write a Timeshare Agreement for each new rental?

Regardless of whether your property is new or many years old, it’s crucial to keep track of all rentals with a lease. The following list of benefits might help to inform your decision to use one:

  • All parties understand their responsibilities
  • Neither party is surprised by how long the lease lasts
  • Rent payment requirements are well-defined

Some consequences of not signing this document may include late rent, damaged property, unauthorized tenants, and inconvenient move-out dates.

How is a Timeshare Rental Agreement template organized?

To complete your Timeshare Lease, you’ll need:

  • The location and description of the property
  • The full legal name of each tenant
  • How long the rental will last
  • What rent and other fees will be charged
  • What utilities or amenities will be provided

As you might hope, the Timeshare Leases that you build using Rocket Lawyer also include legal language about late rent, smoking and/or drug use, short- or long-term guests, pets, and moving out before the rental period ends. In the process of building your document, you also will be able to include information about maintenance procedures, furnishings, and insurance requirements. With the Rocket Lawyer document tool, you have the ability to implement additional custom edits, as well.

Where can I fill out a custom Timeshare Contract for free?

Fortunately, you won’t have to start from scratch when putting your agreement in writing. With the document tools on Rocket Lawyer, anyone should feel empowered to draft a free Timeshare Lease very easily. Your agreement is built piece by piece, so you can be sure that it has all of the appropriate information that you’ll need. Typically, given the level of personalization, you might end up paying a traditional law firm a few hundred dollars, if not more, in fees.

What needs to happen after I write a Timeshare Lease?

When you are ready to complete your Timeshare Lease, it will need to be signed by both parties. With RocketSign ® , you can do this online. As a best practice, make sure that the tenant receives copies of your fully executed agreement. With a Premium membership, you also may save it in PDF format or as a Word file, make a copy, and print it out when needed. Also, feel free to take a look at our entire selection of real estate legal documents.

How do local rental laws affect my Timeshare Agreement Contract?

The law continually evolves over time and it can vary from town to town. If you have any particular hesitations or concerns about local rental laws, ask an attorney. The answer will vary depending on whom you ask, but quite often some lawyers may not even agree to review your rental contract if they weren’t the author. A more favorable approach might be to request help from the Rocket Lawyer On Call ® attorney network. If you sign up for a Premium membership, you have the ability to ask for a contract review from an experienced lawyer or send other questions related to your Timeshare Rental Agreement. We are always here to support you.