Presently, near about 85 % of people purchase a timeshare. But after signing the timeshare agreement, they have to regret their decision. And it’s the reality that getting out of a timeshare agreement isn’t a child’s like play. You will find countless such salespeople who will be well-trained not only to keep you in your signed timeshare contract but also to upsell you and renegotiate your timeshare agreement whenever you try to terminate it.
Are you looking to cancel your timeshare? First, you must pay your full attention to executing a timeshare exit strategy. This way, you can easily get out of a timeshare and kick all nasty fees and rigid schedules to the curb. Once you are free from your timeshare agreement, you can freely go wherever and whenever you want.
Do you want to begin your timeshare cancellation process with a letter to your legit timeshare cancellation companies? Then, keep reading to take a look at the dos for writing a timeshare elimination letter:
The Do’s to write a timeshare termination letter:
Have you reached your boiling point with your timeshare agreement? If so, it’s the right time to take action. The key points you need to remember while drafting a letter to cancel your timeshare contract are- to feel calm, take a deep breath and assemble all your thoughts. The rest must-dos have been mentioned below:
1 Include your elimination request in writing
While going ahead to write a timeshare cancellation letter to legit timeshare cancellation companies, you can’t afford to overlook this step. You must purchase a folder in which you can easily keep all the records related to your timeshare cancellation. You can’t use email mode to send your timeshare cancellation request. So, you have just an option of typing a letter and getting its hard copy to mail to your timeshare provider. But don’t let slip to keep a copy for your records.
2. Add a clear request to exit your timeshare agreement
When you start writing a letter to cancel your timeshare contract, it’s too important for you to be very clear about what you are going to write in the timeshare cancellation letter. There is no need to be a jerk, but yes, one thing that must be firm is your subject line. The subject line of your timeshare exit letter must denote- “Request to Terminate Timeshare” or “Timeshare Elimination Request.”
Next, state your request to cancel your timeshare contract in the body of the letter you are writing as early as possible. Write it just in the first one or two sentences. But you need to be patient, as this process will take some time.
In the opening lines of the letter, you can’t afford to beat about the bush, so get to the point and start by saying,” I am writing to request immediate elimination of my timeshare contract.” Besides, you can also write,” This letter is a formal request to cancel my timeshare agreement immediately.”
3 Make a list of all the important details
Suppose you want the person receiving your timeshare termination letter to prevent you from exiting your timeshare as early as possible. In that case, you must include all the details they need to keep your request moving. If you forget to include key information in your timeshare exit letter, it might be possible that they will ignore your request letter or try to convince you to stay. If you are not willing to give them that chance, make sure to include the following details in your timeshare elimination letter:
(i) List the name of the timeshare in your request letter that is already listed on your timeshare contract.
(ii) Mention the name of the timeshare contract holder.
(iii) Don’t forget to include the contract number in the timeshare cancellation letter.
(iv) Add the purchase date while writing your cancellation letter.
(v) The most important point you can’t afford to skip in the letter is your membership ID.
4State your expectations in the letter
Timeshare companies lock you into bad deals to make money that depreciates even faster than cars. And they never want to get out of the deal; instead, they try to keep you in by hook or crook. So, whenever you write a timeshare cancellation letter, you must state in the letter that you are not interested in a resale, beneficiary transfer, or other ownership opportunities. They use all these tactics to persuade you not to cancel your timeshare agreement. But you need not fall for them. In addition, you have the freedom to state in the letter that you expect a response by certified mail within 30 days.
After reading this blog, you will get an idea about the correspondence required throughout your timeshare’s cancellation process.