There are several ways to relinquish a timeshare:
- Terminate the contract: If you are still within the legal rescission period or cooling-off period, you may be able to cancel the contract without penalty.
- Sell or rent: You can try to find a buyer or renter for your timeshare in order to recoup some of the money you paid for it.
- Donate: You can donate your timeshare to a charity, which may be able to sell it and use the proceeds for their programs.
- Use a specialist timeshare exit company: Timeshare Release and our parent company European Consumer Claims (ECC) specialise in helping people cancel their timeshares.
- Negotiate with the resort: Some resorts may be willing to work with you to exit the contract, especially if you are unable to use the timeshare. However timeshare resorts are unwilling to cancel timeshare contracts.
It's important to note that timeshare laws and regulations vary from country to country, so it is important to consult a lawyer or an attorney who specialises in timeshare law. Be careful of companies or individuals who offer to buy your timeshare or offer to help you relinquish it as they may not be legitimate and can scam you out of money. Timeshare Release have many years eperience helping timeshare owners relinquish their timeshares.
It's advisable to check the maintenance fees, taxes and any other additional costs that you may be liable for, even after relinquishing the timeshare and read the contract of your timeshare very carefully and understand the terms, fees and penalties before making any decisions. We can help you analyse it and advise on your best options.
Contact Timeshare Release today and find out if you can relinquish your timeshare contract.
About Timeshare Release
During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".
In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.
Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.
To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.
The Timeshare Trap
For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.
However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.
Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.
Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.
If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.
Timeshare Owner Reports
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
Mr Steve R, Middlesex - RCI/Hollywood Mirage
“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”
Mrs Rachael B, Yorkshire - RCI Europe
“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”