How to get out of your timeshare contract

Timeshare contracts have a reputation as being notoriously difficult to get out of. A quick search for ‘timeshare’ on eBay reveals that there are currently more than 150 people trying to sell their timeshare commitment, with some owners even trying to give their timeshares away for free.

“Lack of suitable availability, points schemes that have been oversold and steeply rising maintenance fees can all push timeshare owners to regret having signed the contract in the first place.”

Jodi Beard, Timeshare Compensation

Unfortunately for many of those who find themselves stuck with a timeshare contract that they no longer want, most timeshare companies are far from keen on contract cancellations. In fact, the majority of companies assert that their contracts cannot be cancelled.

However, there are various reasons that can provide owners with legitimate grounds to cancel their contracts. If the timeshare ownership was mis-sold in any way, those who purchased may well have legitimate grounds to exit their contracts and some contract terms are just outright illegal now – though it’s not always a simple process to prove.

“What we’re seeing with many timeshare contracts is that owners are finding it increasingly easy to exit. However, their ability to do so is as a result of owners testing the validity of their contracts through the courts. It’s a slow process, but one that is resulting in more and more owners being able to escape from their onerous contracts.”

Belinda Rollins, Timeshare.lawyer

In recent years, the legal system, led by the Spanish Supreme Court, has begun to define a growing list of grounds on which owners can exit their timeshares. Many of these circumstances mean that the owners could also be eligible for compensation – hence the work undertaken by Timeshare Compensation to support owners to claim what they are due. ‘In perpetuity’ contracts and floating week products are both triggers for contracts to be declared illegal, as is any money that was taken during the cooling off period after a contract was signed.

“I don’t believe there has ever been a better time to exit a timeshare contract and potentially claim compensation as a result of the terms or practices imposed by the timeshare company. The courts are open to those looking to test the validity of their contracts and many individuals are enjoying financial compensation as a result of their legal challenge. A timeshare resort may claim that a contract can’t be cancelled, but that’s no longer necessarily the case.”

Jodi Beard, Timeshare Compensation

For more information, please visit www.TimeshareCompensation.co.uk, call 0800 046 5855 or email Info@TimeshareCompensation.co.uk.

Timeshare Compensation and Timeshare.lawyer are a trading names of Advanced Business Consultants Legal SL.

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