Getting out of a Timeshare

[Jason Bee]

Hi BP,

How do you get out of a timeshare? My friend's parents have had this timeshare for probably over 15 years, the agency keeps raising the price, sometimes not provided the room they purchased and given lower quality accommodations, as well as messed with their rental dates. Is this something they can just cancel & get out of or do they need a lawyer? Any input would be appreciated, thank you. 

[Chris Seveney]

Quote from @Jason Bee:

Hi BP,

How do you get out of a timeshare? My friend's parents have had this timeshare for probably over 15 years, the agency keeps raising the price, sometimes not provided the room they purchased and given lower quality accommodations, as well as messed with their rental dates. Is this something they can just cancel & get out of or do they need a lawyer? Any input would be appreciated, thank you. 

 Basically best bet is to give it away unfortunately. there are some sites that will sell them, but most timeshares are pretty much worthless as all fees go to mgmt company and even if you sold that week or rented it you will still lose on yearly fees

[Jason Bee]

Thanks Chris!