5 ways to get out of your Timeshare Contract

Contents

1. Introduction

2. Sell It

3. Transfer your Ownership

4. Hand it Back

5. Stop paying Maintenance Fees

6. Legal Extrication

7. About Us

8. Contact

1. Introduction

There are thousands of timeshare owners all over the world, some who are happy with their timeshare and others who have just found it to be a burden.

Timeshare originally sounded great, with many options of exchange, going back to the same place every year, making new friends and that was as if you were home from home. However, no one ever told you about the ever-increasing maintenance bills and the whole experience of timeshare not living up to your expectations.

Does the word investment sound familiar to you? Unfortunately, you were not the only person who heard this attraction when purchasing your timeshare. Nearly all timeshare owners were told that the value of their timeshare would increase, which so many have found out is not true.

Does the word investment sound familiar to you?

Unfortunately, you were not the only person who

heard this attractionwhen purchasing your

timeshare

If anything, most timeshare owners have found out that their timeshare has decreased in value, making it very hard to resell and even trying to sell it on the Internet is nearly impossible.

Timeshare.lawyer have a guide of the different ways in which you can try and Exit from your timeshare ownership:

A s stated above, timeshare can be very difficult to resell. However, there is always a possibility.

If you are a timeshare owner who truly believes that your timeshare still holds value, then why not try. When wanting rid of your timeshare, selling it is normally the first option that owners think about. It is always good to try and see if you can get back some of your lost money.

If you are looking to sell your timeshare, don’t be caught up with companies that are only in it to gain from you. If you are asked for any money upfront, its almost certain that this company will not help sell your timeshare at all.

Try listing your timeshare on a free website. Websites such as eBay have plenty of timeshare up for sale, where you can then scroll through and see what the best value is for your ownership, then use this as a guide price to advertise yours.

You should always compare prices of various ownerships, set a realistic price and always beprepared to take a loss.

When selling your timeshare, you should be aware that there may be costs on the transfer of the ownership. You may have to discuss this with the buyer and clarify who is going to do this side of it.

2. Sell It

You should always compare prices of various ownerships, set a realistic

price and always be prepared to take a loss.

Atransfer of ownership is when one owner signs over the deeds to another. The new owner will have to sign and take on the financial obligations of the new ownership.

Even if you sign your timeshare over to someone else for free there will be an administration fee. It is surprisingly difficult to find someone who wants to take the ownership over, even when they don’t have to pay for it.

You must always consider that even though you may be giving someone a gift, once the transfer has been done, they will be liable for any yearly maintenance fees, which they may not be able to afford.

There can be other issues when trying to gift a timeshare to other people. Most of the time the timeshare resort would like to approve any new people taking over the ownership.

Simply because the resort needs to know that the new owners have the financial stability to carry on the payments.

3. OwnershipTransfer Your.

Y es, handing it back is a possibility, but this is normally under very severe circumstances.

There are a handful of resorts that have a “hand it back” policy where owners can surrender their timeshare contract. However, always bear in mind that when trying to deal with your resort to surrender your ownership, they will try and make it as difficult as possible for you to do so as they don’t want to lose you and your yearly maintenance payments.

Many timeshare resorts use this option as a tactic to invite you for a meeting to discuss your exit options. Generally, there are just more presentations to persuade you to keep your ownership as well as persuade you to purchase something new.

In presentations such as these ones, there is nearly always an offer of new product or contract amendment that incurs further costs.

There are circumstances where owners have been told they can hand back their ownership and have then received a lump sum fee.

There is documentation that must be signed in these circumstances which state; the owner can not ever make future claims against the resort for mis representation and/or mis selling.

If you are lucky enough to be able to hand back your timeshare to the resort, there is one thing you must remember; you are only released from your future financial obligations, which would be your maintenance and management fees. If you have outstanding payments such as finance and loans, you still have the obligation to pay these payments.

If you do still have outstanding payments on your timeshare, the best thing for you to do, would be seeking legal support from a Legal Exit Company.

4.

Handing it back is a possibility, but this is normally under very

severe circumstances.

Hand It Back

Timeshare.lawyer would not recommend this course of action to any timeshare owner. This option may feel like the easy

way out, if you’re not paying and you’re not using it, then it doesn’t matter, right?

Legally however, you have signed a contract that is binding by law and because of this, you are obliged to carry out your part of the contract, even if you feel like the timeshare resort hasn’t fulfilled theirs.

If you do stop paying your maintenance payments, you are most likely to receive a demand letter from the resort, then various hard reminders, phone calls, until it gets to the point where you are receiving a court notice. The timeshare resort will have back up in court to prove that you have not been paying your maintenance bills, as well as other things that they may be able to use to their advantage.

If you are looking into this option to try and get out of your timeshare ownership, you may want to seek legal support, as it can be extremely stressful facing a resort on your own.

5. Stop payingMaintenance Fees

6.

Legal Extrication is definitely the most secure way that you can get rid of your unwanted timeshare.

As a company who have had to deal with owners that tried to exit by the above methods, we have found

that Legal Extrication is definitely the most secure way that you can get rid of your unwanted timeshare.You will need to seek legal support from a timeshare contract expert, who has experience in timeshare law.

There are only a handful of companies out there who have qualified staff on their team and who can successfully exit a timeshare contract.

Back in 2015 the Supreme Court ruled against many timeshare contracts, so many owners were set free from their timeshare burdens and even received thousands back in compensation. Since 2015 Supreme Court victories against resorts have become more common, which is great for timeshare owners.

Timeshare owners have had their contracts deemed null and void, for several different reasons; mis selling, and perpetuity contracts amongst others.

Many of the hearings voted in favour of the timeshare owner, which then awarded them options such as, all their money back, their money back and their court fees paid, all depending on the circumstances of their contract and the timeshare resort.

Legal Extrication

Our Advisorsare here to take the stress away

from you

T imeshare.lawyer have assisted over 5,000 clients in successfully exiting their timeshare contracts, as well as

winning cases of compensation. The total number of exits successfully completed byus include those conducted by ABC Lawyers, ABC Legal & Monster Rewards. Some of our compensation winners have received amounts such as £21,000 and £14,000.

Timeshare.lawyer are not solicitors, we are timeshare contract specialists who offer services to all timeshare owners that are invited to use us.

We contract high end solicitors, barristers andparalegal firms who are also worldwide timeshare experts.

We use these services because timeshare contracts can be very confusing to understand, jargon is used to confuse owners in the hope of you not asking any questions and by-passing it.

7. About Us

Many people who have tried to exit themselves, have become stuck and confused because of the wording in their contracts and what the timeshare resort have to say.

Our Advisors are here to take the stress away from you, go through your contact with a fine-tooth comb and see exactly how we can help you.

Contact us

0800 0239 032

Info@Timeshare.lawyer

@tslawyer

www.timeshare.lawyer/

Thank You