How to Cancel a Timeshare (Without Getting Trapped in Fees)

Timeshares are easy to buy but incredibly hard to cancel. Whether you bought one at a resort during vacation or inherited it unknowingly, you might be stuck paying annual fees forever. This guide walks you through how to cancel a timeshare legally and safely in 2025—without scams or huge penalties.

📅 Step 1: Check If You're Still in the Rescission Period

Most states offer a short “cooling-off” window—typically 3 to 10 days after purchase—where you can legally cancel with no penalty.

• Check your state’s laws and your timeshare contract for the exact timeframe.
• If you're within the window, send a written cancellation notice via certified mail ASAP.
• Keep proof of mailing and delivery.

📩 Step 2: Write a Formal Cancellation Letter

If you're eligible to cancel (within rescission), write a cancellation letter that includes:

• Your full name and contact info
• Contract number and purchase date
• A clear statement of cancellation
• A request for written confirmation

Mail the letter certified with return receipt to the developer’s cancellation address listed in your contract.

⚠️ Step 3: If You're Past the Rescission Period

If the window has closed, you'll need to explore these options:

• Contact the developer or resort — Some offer in-house exit programs.
• Use a licensed timeshare exit company — Be cautious and verify credentials. Look for firms that charge after cancellation.
• Sell or transfer the timeshare — You may be able to give it away on forums like TUGBBS (Timeshare Users Group).

Never pay large upfront fees to unknown companies. Many scams promise freedom but deliver nothing.

📜 Step 4: Know Your Legal Rights

• Timeshare contracts are binding—but not unbreakable.
• State attorneys general and consumer protection agencies may help if you're being misled or pressured.
• Consult a real estate attorney familiar with timeshare law if you're unsure.

💸 What to Watch Out For

• Annual maintenance fees that increase over time
• Inherited timeshares and family liability (you can refuse them!)
• Exit scams with fake BBB ratings or “guaranteed” relief

Stay skeptical of companies that won’t provide cancellation terms in writing.

❓ FAQs

No. That can lead to credit damage, debt collectors, and legal trouble.

Possibly—but most charities won’t accept them due to liabilities and fees.

Anywhere from a few weeks to over a year depending on the method and provider.