How to Write a Simple Timeshare Cancellation Letter (with Sample)
Use this sample timeshare cancellation letter as a template for your formal cancellation letter.
Last updated on September 14th, 2022
For many individuals, investment into a timeshare can be a unique opportunity that can help to improve their vacationing experience as well as represent a smart financial investment.
Timeshares are designed to help increase vacation satisfaction as individuals travel to a specific destination every year or invest in a club that allows them to travel to many different destinations.
Set Expectations
While there are many individuals satisfied with their timeshare investment, there are other individuals who may decide timeshare investment does not represent the best opportunity. When this is the case, make sure to take advantage of the possibilities created with a timeshare cancellation letter.
Timeshares are designed to help increase vacation satisfaction as individuals travel to a specific destination every year or invest in a club that allows them to travel to many different destinations.
Set Expectations
While there are many individuals satisfied with their timeshare investment, there are other individuals who may decide timeshare investment does not represent the best opportunity. When this is the case, make sure to take advantage of the possibilities created with a timeshare cancellation letter.
Timeshare sales men and women are trained to entice individuals and convince them that purchasing a timeshare is in their best interest. It is easy for a person to be convinced that making this vacation investment can offer them many incredible benefits, even when they are not financially prepared.
For the individuals who later regret their investment into a timeshare, utilization of a cancellation letter represents the best opportunity for canceling the contract and receiving a refund.
For the individuals who later regret their investment into a timeshare, utilization of a cancellation letter represents the best opportunity for canceling the contract and receiving a refund.
Identify the Rescission Period
The first step to completing a cancellation letter is to identify the rescission period. This represents a grace period where an individual has an opportunity to review a contract and decide if it is in their best interests.
Ignoring the rescission period will only create a situation where a person has no choice but to sell their timeshare rather than simply getting a refund.
When creating a letter it is vital to input information such as the owners name as it is written on the contract, the date purchased, as well as the contract number. In addition, a person can provide a list of reasons for canceling the timeshare contract.
While this is not necessary, identifying reasons can provide a timeshare company an opportunity to provide additional discounts or incentives if a person is reluctant in surrendering their timeshare.
Finally
Finally, make sure this letter is sent by registered or certified mail to have proof these individuals have received the cancellation letter within the rescission time period. The letter can also be sent through e-mail or fax to speed up the cancellation process.
However, it is still necessary to send the letter through certified mail to verify the letter was received within the rescission period and not “misplaced.” To help in getting the best results, the following displays a sample letter.
Timeshare Cancellation Letter Sample
Current Date
Timeshare Owner Name
XXXX Address Lane
City, ST Zip Code
Contact Phone Number
Fax Number
E-mail Address
Timeshare Company
XXXXX Address Place
City, ST Zip Code
Contact Phone Number
Fax Number
Attention Customer Service,
The purpose of this letter is regarding the required cancellation of my timeshare contract. My name is (enter your name here) and I purchased a timeshare with (enter timeshare company) on (enter purchase date). Per the contract regarding this timeshare, I am contacting you within the rescission period in order to cancel this timeshare contract.
Timeshare: Generic Name Resorts
Owner: Timeshare Owner Name
Contract Number: XXXXXXXX
Date of Purchase: XX-XX-XXXX
I’ve made the decision to cancel my contract for the following reasons
1. Upon my initial investment into the timeshare I felt this was an opportunity I could afford. Now that I have taken the time to properly analyze my financial situation, I feel this is no longer a smart investment.
2. While there are many unique opportunities found at this location, there are many other expenses associated with owning a timeshare that I did not account for.
To clarify, I need to cancel my timeshare contract immediately. Please provide me with a written response showing you have received this letter within the rescission period. Additionally, please provide me with the information I will require to receive my initial deposit.
Sincerely,
Timeshare owner name
By Andre Bradley
Interesting Finds
1. Upon my initial investment into the timeshare I felt this was an opportunity I could afford. Now that I have taken the time to properly analyze my financial situation, I feel this is no longer a smart investment.
2. While there are many unique opportunities found at this location, there are many other expenses associated with owning a timeshare that I did not account for.
To clarify, I need to cancel my timeshare contract immediately. Please provide me with a written response showing you have received this letter within the rescission period. Additionally, please provide me with the information I will require to receive my initial deposit.
Sincerely,
Timeshare owner name
By Andre Bradley
Interesting Finds