How to Cancel Your Breckenridge Timeshare: A Detailed Guide
Breckenridge, Colorado Considered one of the top destinations for any outdoor enthusiast, has some of the best skiing available anywhere in North America in addition to opportunities for hiking and amazing views. When you purchase a Breckenridge timeshare, it may appear to be an attractive means of never having to worry about booking accommodations for your vacation in this beautiful location.
Despite this, as time goes on, many timeshare owners discover that maintenance fees, financial burdens and usage restrictions turn ownership into a millstone rather than the luxury purchase they once envisioned. If you are trying to get rid of your Breckenridge Timeshare, this guide should give you all the info and help in going through the process for cancellation properly.
Understanding the Breckenridge Timeshare Cancellation Policy
Knowing more about the background of common timeshare scams can be highly beneficial before considering your options for cancellation, but it is important to know each Breckenridge timeshare cancellation policy first. Your cancellation terms are typically outlined in your contract, and these will differ from company-to-company as well as state-to-state and per local consumer protection laws.
The cancellation policy in brief:
- Rescission Period: The time frame where you are protected by law and can cancel your timeshare contract without consequence.
- Post-Rescission options: Once the rescission period has come and gone your choices for getting out of a contract become far less set in stone, but they are still achievable.
- Contractual Obligations: Check Your Contract For Cancellation Clauses, Penalties And Transfer Of Ownership
Learning about this information is the beginning of any process that will help you in how to cancel your timeshare.
How to Cancel Your Breckenridge Timeshare During the Rescission Period
It is also the perfect time to cancel your Breckenridge timeshare because this takes place in what is known as the rescission period. You can legally cancel the contract during this window (which usually ranges from 3 days to up to about 14), without penalty of any kind. Here’s how to do it:
Read Your Contract: The details of the rescission period are spelled out in your timeshare contract. This period usually occurs on the day following when you sign the deed of sale, or the day after you have received all relevant documents.
Compose a Cancellation Letter: Create a letter to the timeshare company letting them know that you are invoking your right of rescission and will be canceling. Retailer Name (place that you bought the product): Today’s Date: full name Your Contract Information
Write certified mail: The best way to assure proof is by writing a certified letter and keeping a receipt that they received the letter within the rescission period.
Reply Call: Send the company a message to ensure they got your abrogation request and handled it. Get it in writing.
This way you now know how to properly cancel your Breckenridge timeshare agreement within the rescission period so as to follow the legal and orderly process.
Steps to Cancel a Breckenridge Timeshare After the Rescission Period
If you’ve missed the rescission period, canceling your Breckenridge timeshare becomes more complicated but is still possible. Here’s what you can do:
Contact the Timeshare Company: Start by reaching out to your timeshare provider. Some companies may offer programs that allow owners to transfer or exit their timeshare contracts. While not all companies have these options, it’s worth exploring directly with Breckenridge’s timeshare representatives.
Legal Consultation: If the company is unwilling to cooperate or if you feel that you were misled during the purchase, consider consulting with a lawyer who specializes in timeshare law. They can review your contract and help you understand if there were any breaches of contract or misrepresentations during the sale.
Work with a Timeshare Exit Company: Professional timeshare exit companies, like CancelTimeshareGeek, are experienced in helping owners navigate the legal and financial complexities of timeshare cancellations. These companies often know the best strategies for dealing with timeshare developers and can negotiate on your behalf.
Fees and Penalties for Canceling a Breckenridge Timeshare
If you don’t act within the rescission period, then getting out of a timeshare may involve cancellation fees and penalties that will depend on the details of your contract. The charges that you are likely to come across regularly include the following:
- Early Termination Fee: Certain timeshare contracts have early termination fees that require you to pay if canceled before the end of the term of your contract.
- Failure to Pay Maintenance Fees: If you have a past due balance for maintenance fees or dues, the cancellation cannot be processed until these are paid.
- Legal/Exit Company Fees: If you hire a lawyer or timeshare exit company to help with the cancellation, their service fees will add the cost of cancellation.
Having this knowledge will help you financially plan for the cost of cancellation ahead.
Legal Methods for Exiting Your Breckenridge Timeshare
When you find that canceling a Breckenridge timeshare is a challenge, it could be time to seek out legal means of an exit. Here are a few options:
Review your contract: Ensure that a lawyer reviews the timeshare contract for any legal loopholes or violations within. For instance, if fraud occurred during the sale, you may have cause to rescind the contract.
Consumer Protection Laws: If you feel that the timeshare company sold you through deceptive practices, you may have a recourse for cancellation under consumer protection laws. Laws change state by state so you should also contact an attorney.
Class-Action Lawsuits: Class-action lawsuits are often the outcome when groups of timeshare owners who have experienced similar problems with their properties come together to take action against timeshare companies. Those lawsuits can compel the company to institute buy-back or cancellation programs.
Should You Work with a Timeshare Exit Company to Cancel a Breckenridge Timeshare?
If you are having difficulty disabling your Breckenridge timeshare working with a timeshare exit company like CancelTimeshareGeek may be an intelligent choice. Here’s why:
- Specialists in Timeshare Contracts: Being experts in the field of timeshare contracts, timeshare exit companies are exceptionally well informed about the legalities which surround timeshare agreements and have extensive experience working with timeshare developers.
- Better Negotiation: These companies have the ability to sometimes negotiate directly with the timeshare provider, and in some cases secure a cancellation or buy-back clause that you would not be able to get on your own.
- A More Streamlined Process: An established timeshare exit company will take care of all the cancellation legwork, including filing paperwork and negotiating on your behalf, so you do not have to stress about it.
Avoiding Scams During the Breckenridge Timeshare Cancellation Process
However, scams are not uncommon in the timeshare exit industry. There are some fraudulent companies that prey on desperate owners who want to sell their contacts. So, below are some of the ways to keep you from being scammed:
- Investigate about the Company: Prior to signing agreements, go through entire details of the timeshare exit company. Check for customer reviews, see their BBB rating and make sure they have a good reputation
- No Upfront Fees: Beware of any companies asking for huge upfront payments. A real exit company usually charges you success-based fees, in which you only pay when your timeshare has been successfully terminated.
- Ask for an attorney’s opinion: If you have doubts regarding a company’s employment, consult with a timeshare lawyer before taking any steps.
Alternatives to Canceling: Selling or Renting Out Your Breckenridge Timeshare
In some cases, canceling your Breckenridge timeshare may prove to be too hard or too expensive so there are other avenues that you can take with your timeshare such as selling or renting it.
Considering Selling it on the Resale Market: Selling a timeshare on eBay, Craigslist, or with specialized timeshare resale sites is difficult, but it is worth a try. Watch out: Timeshares hardly ever appreciate in value, which means you might have to unload it at a fraction of what you paid for.
Rent Out Your Timeshare: If you can’t get either your timeshare canceled or sold, renting it out will allow you to at least cover the cost of maintenance and other expenses. Hence some websites like Airbnb or RedWeek can link you with vacationers looking for short-term rentals.
What to Do If Your Breckenridge Timeshare Cancellation Request is Denied
If you are unable to cancel your subscription, here is what you can do.
Written Explanation: Have the timeshare company provide you with a clear and written explanation of why your claim was not granted. This documentation might be useful should you ever decide to take legal action.
Seek Legal Help: This company has a legal right to refuse your cancellation, but also know that if you feel that their denial is not justified in any form, then for the dispute resolution ask from the business attorney of them. You can then get assistance to assess their expertise so as to sue when needed.
Partner with a Timeshare Exit Company: Companies like CancelTimeshareGeek is an example of timeshare exit companies, they are professionals in taking on tricky cancellations. If they deny your request, they could potentially intervene in the negotiation among you and the term supplier or go after more legal strategies for rescission.
Barry Robinson
