Timeshare Contract Loopholes

If you’re looking for timeshare contract loopholes, this article may be vital for you.

The timeshare industry has changed a lot in the past few decades. There have been quite a few loopholes in the past, donating your timeshare is one of them. Donation For A Cause was a timeshare donation company, where timeshare owners can write their timeshare as a donation. As you already know, timeshares are not an asset because of the increasing fees. The department of justice shut down the option to donate your timeshare due to this fact. If you are looking for timeshare loopholes you are most likely interested in getting rid of your timeshare, there are a lot of timeshare exit companies that claim they can help you get out of your timeshare. If you choose a particular exit company, always make sure they have a legal process or if they have an attorney who aides with cancellation. Having an attorney is just an asset on its own because you are legally protected.

There are a lot of timeshare scams when you are shopping for a timeshare exit company, be aware. Read more about Timeshare Exit so you can protect yourself. The most common and legitimate way a timeshare exit company can help you cancel your timeshare is through either looking for misrepresentations in your contract or misrepresentations you faced when you purchased the timeshare. There are a few misrepresentations that 90% of timeshare owners face during their purchase. If you faced any of these misrepresentations during your timeshare purchase, initiate a Live Chat immediately. You may have some legal options to exit your contract. 

The ability to rent or resell your timeshare: A common misrepresentation is that you will be able to sell your timeshare for a profit. The sales representative might even say the timeshare company will purchase the timeshare back if you don’t want the property, or you can rent your timeshare, sell your points or weeks in order to cover maintenance fees, mortgage payments, and any other costs associated with your timeshare.

Timeshare maintenance fees: You have to understand the maintenance fees associated with your timeshare ownership will go up with time. If the salesperson stated that your maintenance fees never increase or that your maintenance fees can be off-set, this might be an area of misrepresentation. Timeshare contracts also state the maintenance fees can increase yearly, and timeshare owners are liable for any property damage by natural disasters.