USA
MéxicoOwners often begin looking at cancellation after fees increase, holidays become difficult to book or the ownership no longer provides the value or flexibility they expected.
What should a completed cancellation achieve?
A completed cancellation should provide clear, written evidence of what has happened to the ownership and the contractual obligations attached to it.
It should also address future fees and identify any finance or other liabilities that are not covered by the proposed route.
Routes an owner may need to consider
There is no universal solution for every owner. A review may consider whether the resort offers a surrender route, whether a transfer is realistic, whether professional relinquishment assistance is appropriate or whether legal issues require separate advice.
- A resort surrender or deed-back program, where one genuinely exists.
- A properly documented transfer or relinquishment route.
- Review of cancellation rights and the contractual history.
- Separate consideration of mis-selling or potential claim issues.
What to establish before taking action
Do not assume that stopping payments, signing a resale agreement or relying on a telephone promise will cancel the contract. Confirm in writing what will happen to the ownership and future liabilities.
ACC can review the information you provide and explain which cancellation routes may be relevant to your situation.