TATOC Consumer Helpline

Email: info@tatocconsumerhelpline.eu

UK Helpline: 0845 230 2430 | 0345 230 2430

FAQ 20: Can I buy my way out of my timeshare?

Timeshare products are sold in a number of ways.  Some for a fixed period of time (for example five or 10 years), others have a fixed end date (for example the operation of the scheme will end in 2020).  Some timeshare products are sold “in perpetuity”.

If you no longer wish to own your timeshare there are a number of things you should consider.  Please see our consumer guides for further information:

Selling your timeshare – TATOC Consumer Guide 11
Resignation, Cancellation and Defaulting Procedures – TATOC Consumer Guide 61

If all other options have failed you may be able to come to an agreement with your resort or management company to pay a fixed fee to terminate the timeshare contract.  For example this could be one years fees in advance to give the resort time to resell your week/points.  If your resort/points club has an owners committee also contact them for advice.

There are a number of companies who contact owners saying they can take over the contract for payment of an up-front charge, or can use legal procedures to terminate the contract – again for the payment of an up-front fee.  Owners should be exceptionally cautious about any such offers because the vast majority of them are fraudulent.  For more information see:

Take-over, Termination and Rental Offers – TATOC Consumer Guide 85

About author

tatoc consumer help

TATOC, the Timeshare Association, is celebrating its 25th anniversary in 2014. The TATOC Consumer Helpline is TATOC's flagship service providing advice, support and information to timeshare owners and the general public. If you have a question about timeshare, don't hesitate to contact the Helpline team.

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