The Timeshare Exit Process: Here’s What To Expect

Timeshares can seem like a dream vacation opportunity at first, a chance to own a piece of a luxury resort and return year after year. However, many people quickly regret this purchase and want out of the contract. How can they accomplish this?

The Exit Clause

A timeshare exit clause is a provision in a timeshare contract that allows the owner to exit the timeshare agreement under certain conditions. Common exit clauses allow the owner to sell or transfer the timeshare, deed it back to the developer, or terminate the contract in the event of death, disability, or other hardships. Developers include them to make timeshares more marketable, but consumers should review exit options carefully before signing a timeshare contract. They must follow the steps exactly for a successful Timeshare Exit.

Sell the Timeshare

If the contract doesn’t have this clause, you may need to sell the timeshare. This can be difficult, however, as there is generally low demand on the resale market. You can try listing it yourself on sites like or go through a licensed resale broker. Be prepared to sell for far less than you initially paid. Make sure the resort confirms your contract has been transferred to the new owner.

The key to selling a timeshare is to focus on the benefits it provides. Emphasize the luxury accommodations, resort-style amenities, and flexibility it offers compared to traditional vacation properties. Highlight how owners can vacation at different destinations each year. Discuss the cost savings versus paying for hotels or vacation rentals. Mention timeshares can be passed down to family members, and share positive testimonials from current owners. Address any concerns about maintenance fees honestly. Be enthusiastic about the vacation lifestyle timeshare ownership enables. With the right approach, you can get prospects excited about joining the timeshare community.

Photo by Nick Fewings on Unsplash

Deed-Back Programs

Another option is to transfer the contract to a new owner through a deed-back program if offered by your resort. You will still need to pay a transfer fee, but it’s typically less expensive than the resale market. The resort accepts the deed to the timeshare week and becomes responsible for it.

Cancellation Options

If you can’t exit through those channels, timeshare cancellation companies offer another path. However, you must pay the company to help you get out of the contract. Research the cancellation company though. Some make promises they can’t follow through on. Reputable companies will be upfront about average case durations.

The last resort is canceling through legal channels. You may be able to make a case based on errors in the initial sales presentation or financing process. Companies exist to review the case and advise if you have grounds for legal cancellation. Your resort may push back heavily, however, and the process can be lengthy.

Document All Communications

Throughout the exit process, make sure to get everything in writing from both the resort and exit company. Keep diligent records of any correspondence, phone calls, or documentation exchanged. Don’t assume your exit has been completed until you receive official confirmation from the resort itself.

Exiting a timeshare contract is rarely quick or easy. Being an informed and savvy consumer, reading all fine print, and vetting third parties can help improve your chances of success. Consider involving legal counsel early if you anticipate an arduous fight with your resort. With realistic expectations of the time and money required, a persistent approach, and patient follow-up, you can hopefully liberate yourself from your timeshare burdens for good.

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