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So, if you wish to cancel your resort timeshare purchase, you generally have a period of 5-15 days after purchase wherein you may legally rescind the contract. After the rescission period has expired, you can no longer cancel your purchase without penalty.
"YOU MAY CANCEL THIS CONTRACT WITHOUT PENALTY OR OBLIGATION WITHIN FIVE DAYS AFTER THE DATE YOU SIGN THIS CONTRACT, NOT INCLUDING SUNDAY IF THAT IS THE FIFTH DAY, OR THE DATE YOU RECEIVE THE DISCLOSURE STATEMENT PURSUANT TO SECTION 27-32-100, WHICHEVER OCCURS LATER.
The Do's: How to Write a Timeshare Cancellation LetterGet your cancellation request in writing.Include a clear request to cancel your timeshare.List all the important details.Set expectations.Send all correspondence by certified mail.Don't get emotional or long-winded.Don't use passive or hesitant language.More items...?14-Apr-2022
South Carolina Real Estate Commission.
If you want to cancel the purchase contract, you must notify the seller in writing by sending notice via certified mail, return receipt requested, or another verifiable means. The notice of cancellation is considered given on the date postmarked so long as the notice is actually received by the seller. (S.C.
If you want to cancel the purchase contract, you must notify the seller in writing by sending notice via certified mail, return receipt requested, or another verifiable means. The notice of cancellation is considered given on the date postmarked so long as the notice is actually received by the seller. (S.C.
"YOU MAY CANCEL THIS CONTRACT WITHOUT PENALTY OR OBLIGATION WITHIN FIVE DAYS AFTER THE DATE YOU SIGN THIS CONTRACT, NOT INCLUDING SUNDAY IF THAT IS THE FIFTH DAY, OR THE DATE YOU RECEIVE THE DISCLOSURE STATEMENT PURSUANT TO SECTION 27-32-100, WHICHEVER OCCURS LATER.
You can't just walk away from a timeshare. That's because they often come with an obligation to pay maintenance fees for as long as you own them.
South Carolina retailers are also allowed to accept resale certificates from buyers based out of state, but you must be sure they still give you all of the information required, including their state sales tax registration number.
Typical timeshare cancellation costs around $4,000. This fee will go up or down depending on your situation, but you're going to pay thousands of dollars to get out of a contract because it requires lawyers and experts familiar with the process.