Rescission Period

If you are a timeshare owner and have no idea what a rescission period is or if you have ever thought to yourself, “I want to cancel my timeshare,” please continue to read on to learn a little bit more about your rights in regards to timeshare ownership.

Broken down, the rescission period of your timeshare typically refers to that time period after you have purchased a timeshare property where you still have the right to cancel timeshare contract agreement without any penalty and usually, can also still get back your deposit as well. This part of the contract is included because so many people purchase timeshares on impulse and after a well-recognized high pressure sales pitch. In fact, the practices exercised in selling timeshares have become so deceitful and treacherous that law officials felt the need to step in and add this clause into the contract which is rather rare as far as contracts as a whole go. The enactment of rescission periods protects consumers who may have purchased a timeshare unwillingly due to these high pressure sales techniques.

The rescission period is often also called the “cooling off” period because this is when you remove yourself from the haze of the sales pitch and remember real life factors like budgets, time and family that may have been forgotten due to the highly tuned sales methods that are meant to do exactly that. It is a necessary period of time for a new timeshare owner to make sure that they have actually made a purchase that they do wish to keep.

A lot of the time actually, the new owner is not even aware of their right to rescind their contract because these timeshare resellers are so tricky and deceitful, they want to make sure that they can trap you into their never-ending cycle of maintenance fees and charges. However, whether you are aware or not, your timeshare rescission period begins the day that you sign that contract and it definitely ends within two weeks, but usually around seven or ten days, depending on the company. Rescission periods can even be as short as three days which is why they have no intention of telling us about it.

Once your rescission period has come and gone, unfortunately you no longer can cancel your timeshare contract. But, be aware that this is not the end for you, dooming you to a life stuck with a timeshare contract. In fact there is one option that is guaranteed to work and help you to get out of timeshare debt and that is Timeshare Relief. Timeshare Relief is not a timeshare resale company, instead they are a timeshare transfer company with no upfront fees that guarantees to get you out of timeshare responsibilities. If you need to find an exit solution from your timeshare, call Timeshare Relief today.

Featured TSR
Consumer Advisor

Anita Sholiton

Anita is a former timeshare owner and is thrilled to have the opportunity to "help thousands of people become free from the financial and mental burdens of timeshare ownership so they can put their resources into more relevant uses for their families."

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