Key points of attention will be:
- Term and Nature of the Agreement: Ascertain whether your timeshare is either deeded (you own a portion of the property) or non-deeded (you acquire a right to use the property). The kind of ownership may affect cancellation options for you.
- Maintenance Fees: Oftentimes, recurring charges turn out to be a big bugbear for timeshare owners. Find out clauses relating to the change or increase of such fees.
- Cancellation Clauses: There can be a few situations that are laid down in your contract when a cancellation is acceptable along with the procedure.
Reviewing the Rescission Period and Legal Rights
What is most important in canceling the timeshare contract is to understand the rescission period; the period within which one can get out of a contract without any penalty. Overall, the rescission period for most Perennial Vacation Club timeshares is 3–10 days, as per your state law.
- State Law: Since there are variations in a particular state, ensure you check the specifics of the law in your state.
- Notification Requirements: You normally need to mail a written notice that you want to rescind to the timeshare company by a certain time. Mail it certified mail or any other mail type that is verified to have been delivered.
It is relatively easy to cancel your timeshare if you are within your rescission period. If not, canceling requires a lot of effort and may even require legal action.
How to Draft a Timeshare Cancellation Letter
A well-crafted cancellation letter is crucial for successfully ending your timeshare agreement. Here’s how to structure your letter:
- Personal Information: Include your full name, address, and any other personal details that might be relevant, such as your timeshare contract number.
- Clear Intent: State explicitly that you wish to cancel your Perennial Vacation Club timeshare contract.
- Reference to Legal Rights: Mention that you are exercising your right to cancel within the rescission period, if applicable, and reference the specific clauses in your contract that support your decision.
Request for Confirmation: Ask for written confirmation that your contract has been canceled, and provide instructions on how you wish to receive this confirmation.
Submitting Your Cancellation Request: Methods and Tips
When submitting your cancellation request, the method of delivery is as important as the content of the letter itself. Here are some recommended approaches:
- Certified Mail with Return Receipt: This ensures that your letter is received and provides proof of delivery, which is crucial if your cancellation request is disputed.
- Fax or Email (If Allowed): Some contracts may permit cancellations via fax or email. If you choose this route, ensure that you receive and keep a copy of the transmission confirmation.
Direct Delivery: If you are local, hand-delivering your cancellation request can be effective. Be sure to get a signed and dated receipt.
What to Expect After Initiating the Cancellation
After you submit your cancellation request, the process doesn’t end there. It’s important to know what happens next:
- Confirmation of Receipt: You have a right to expect the company to acknowledge receipt of your request to cancel in writing. If that does not happen within a reasonable time period, follow up.
- Processing Time: Depending on the company’s policies, it might take several weeks to process your cancellation fully. During this time, be sure to document all communications.
- Refunds: In the event that a refund of any charges or deposits is due to you, be aware that these may not occur immediately. Track the timeline and follow up as necessary.
Legal Options for Cancelling Beyond the Rescission Period
If you have missed the rescission period, canceling your timeshare becomes more challenging but not impossible. Here are some options:
- Breach of Contract: Make a close inspection of the contract for any breaches made by Perennial Vacation Club. If this corporation fails to fulfill its duties under the contract, you are probably in the right to cancel.
- State Laws: Some states provide a way out by law for consumers who feel they are being taken advantage of unreasonably with a timeshare. Check Your State: Look up the laws in your state to see if there are more specific protections.
- Legal Representation: Hire a timeshare lawyer to get professional help for dealing with all complications of cancellation related to the rescission period.
Working with Timeshare Exit Companies: What to Know
Getting out of a timeshare can be a lot easier with a good timeshare exit company, although it is important to choose a reputable company:
- Research and Reviews: Look for happy reviews and an excellent history of getting its clients out of timeshares.
- Fee Transparency: About fees charged, a company with a good reputation will show up and any potential costs associated with the service provided.
- Contract and Guarantees: Ensure that its services are guaranteed by the company in a clear contract agreement.
Avoiding Scams and Unethical Practices
The timeshare industry, unfortunately, is rife with scams, particularly when it comes to cancellation services. Protect yourself by:
- Avoid Upfront Fees: When companies demand a huge upfront fee with no money-back guarantee, just stay away.
- Check for Credentials: Make sure you check the credentials for any timeshare exit company that you might be considering. You can check their Better Business Bureau rating and complaints filed against them.
- Seek advice from a lawyer if something feels “off” before signing any contracts or making payments.
Alternatives to Cancellation: Renting or Reselling
If canceling your Perennial Vacation Club timeshare seems too difficult or you’re not eligible for a cancellation, consider alternatives like renting or reselling:
- Renting Your Timeshare: This option allows you to cover your maintenance fees and potentially make a profit without giving up your ownership.
- Reselling Your Timeshare: Selling your timeshare can be challenging but is possible through reputable resale companies or real estate agents specializing in timeshares.
Why Choose CancelTimeshareGeek?
It can be very intimidating to go through the cancellation process. Legal risks, as well as possible fraud, only complicate the matter. However, that is where CancelTimeshareGeek comes in.
- Expertise: We specialize in helping clients cancel their timeshares, including those at Perennial Vacation Club.
- Transparency: We do not levy hidden charges and offer vague promises. What we offer in the process is clear towards obtaining freedom from the timeshare.
- Proven Success: We have a proven history of assisting many clients in successfully exiting their timeshare contracts when the rescission period has long passed.
