Consumer protection law exists to defend a person against unfair and deceptive business and sales practices, which sales representatives most commonly use to encourage people to buy timeshares within the arrangement. They use misleading tactics to make a timeshare an excellent investment that can fetch them huge returns. If a person believes that they have been tricked into buying timeshares and wish to get out, it is possible to do so legally. With consumer protection laws, people have the freedom to dispute the contract. The law says that if deceptive or unfair practices were used for financial gain, people have every right to get a fair settlement as long as the claims are warranted. Here are some tips on how people can legally cancel their timeshare contract.
Understand The Options
People usually have a choice between terminating and cancelling a timeshare. Cancellation occurs when people want to end the contract by breach. The effect is like a termination, except that they have any unperformed remedy and balance for the breach that the cancelling party retains. By law, breach of contract might release one from obligations under that contract. Termination takes place when people end the contract for reasons other than breach.
If a person recently purchased a timeshare, they might still be under a rescission or cooling off period. They might cancel the contract and get their deposit back during this time. When that period is over, the company may have them believe that they cannot cancel the contract and that they are legally bound to pay the maintenance fees for ownership. This is false because it is possible to get out of the contract; the process is considerably more complicated.
Find An Attorney Or Law Firm That Specializing In Timeshare
Timeshare law is an area of law that needs proper representation. With a specialist in that field, they can legally and quickly terminate the contract successfully. Consider hiring an attorney if the cooling-off period has ended or if the timeshare company is making it difficult to get out of the contract, even if the rescission period is still in effect.
Use A Timeshare Termination Service
Less than 1% of all the practising lawyers are specialists in timeshare law. The best way to find such lawyers is to get in touch with a timeshare termination service provider connecting them with the most experienced timeshare cancellation lawyers and law firms. Timeshare contracts may be legally binding documents, but it does not mean that people can never get out of one.
If a person was tricked or deceived into buying a timeshare or did not have the will to refuse aggressive sales tactics or made the mistake of willingly buying a timeshare only to regret the decision, later on, they could still get out of a timeshare agreement legally if they act fast and follow the right procedures.