In an article published by Forbes on June 27, 2020, our National Managing Partner Derek H. Potts weighed in on the predicament many consumers are facing as timeshare owners affected by COVID-19. The firm has represented several clients in matters related to timeshares, and our attorneys are a valuable resource on the topic.
“Many Americans are wondering how to get rid of their timeshare in a pandemic. It’s not easy.”
The following are a few of the questions we usually get, and our responses. Contact us if you are a timeshare owner and would like a free legal consultation.
1. What legal rights do I have as a timeshare owner during and after the COVID-19 pandemic?
There is no more flexibility now to cancel reservations, get refunded/credited, or even get out of a contract than there was before the outbreak. We have heard complaints from clients who are unable to benefit from the timeshares in which they have ownership rights, which is not new to us.
2. How do I get out of my timeshare? What are the steps involved, and how much could it cost?
We recommend consumers be wary of “timeshare exit teams” and other companies advertising offers for timeshare relief. These companies make promises that they seldom keep and end up costing you more money. Consumers should have their timeshare contract reviewed by an attorney who is capable of advising them on their legal rights and obligations.
3. What should timeshare owners consider carefully and do or avoid right now?
Timeshare owners should obtain legal representation if they are seeking freedom or relief from their contracts. They should not, however, stop paying their fees and dues without investigating the consequences of this course of action.
To read more, visit Forbes.