Why Your Timeshare Cancellation Team Matters
How to Cancel a Timeshare
3 min read
Timeshare agreements are notoriously rigid but, thankfully for you, cancelling your timeshare in New York is possible. Keep reading for practical information on how to cancel a timeshare in New York.
Under Section 24.3 of New York timeshare laws, you have the right to cancel a timeshare contract within 7 business days of the date your contract was executed. This 7-day window is referred to as a “cooling off period.” This right to canceling your timeshare in New York cannot be waived.
You can submit your notice to cancel by mail to the timeshare seller. In which case the seller must refund all payments within 30 days. If you live in New York and buy a timeshare in an area outside of the state that happens to have a cooling-off-period lasting longer than 7 days then the longer period will apply. Regardless, all cooling off periods must be at least 7 days.
If you decide to cancel your timeshare agreement during the cooling off period (i.e. within 7 days of signing the contract) make sure that you put your cancellation notice in writing and mail it via a certified letter. You should also request a return receipt. If you’ve done all the timeshare company has not promptly refunded your investment give in touch with us at Primo Management Group ASAP!
The problem is that many timeshares that may have looked great during the cooling off period often end up being complete wasters of your money. Lifestyle changes (like moving) and rising management fees can leave you stuck, paying for something you don’t want for years. Canceling a timeshare contract after the 7-day “cooling off” period has passed can be very, very difficult.
Canceling a timeshare contract after the cooling off period after the cooling off period is not easy. Both the buyer and seller, however, do have the option to terminate their timeshare agreement if and whenever they feel the other part is in breach of contract. This may happen in cases where, for example, the timeshare owner fails to pay the agreed upon management fees. If either the buyer or seller fails to meet the requirements of their timeshare agreement, the other side may legally try and recoup their financial losses via collections and other avenues.
Timeshare owners are sometimes able to legally get out of their timeshare contracts if they can prove that they were sold their timeshare under false pretenses, or if they can show that they were initially attracted to buying said timeshare via advertising and or marketing materials which did not explicitly identify itself as timeshare-focused promotional material. Timeshare buyers may also be able to get out of their contracts if and whenever they weren’t provided with what’s called a “Timeshare Public Offering Plan” by the seller. If this sounds like you, give us a call!
How to choose the right company to get me out of my timeshare
We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don’t know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.
Their high-pressure tactics
Our knowledge and experience gets you OUT. We offer a high-touch, boutique level of service, keeping you informed with frequent updates throughout the process—which is why we have numerous 5-star reviews and are rated “A” (Excellent) by the Business Consumer Alliance (BCA).Learn More
Still not sure what’s the next step? Our dedicated team can review your agreement and guide you through the process. The Primo difference is all about service. Our timeshare elimination consultants have one mission: To serve our clients and bring the peace of mind that comes from relieving their timeshare obligation.Get Started
The timeshare industry has spent a tremendous amount of time and money to delay, confuse and deter you from canceling your timeshare contract. Your team of timeshare elimination experts act as your consumer advocate and will work tirelessly to free you from your timeshare contract, mortgage, and maintenance fee bill.Give it a try