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Sample notice of Rescission?

Discussion in 'Buying, Selling, Renting' started by GuyD770, Jun 23, 2005.

  1. GuyD770

    GuyD770 Guest

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    First off, thank any of you who take time to respond. I just joined the board, and it seems very insightful.

    I wish to cancel my timeshare agreement that my wife and I signed two days ago. I wish to mail a simple, yet effective, notice to cancel. It is with Fairfield Resorts, if it makes any difference.

    Can anyone give me a sample, or template of which to go by? I do know to send it certified of registered mail, which my contract allows.

    Once again, thank you with your prompt help in this matter!
     
  2. Hoc

    Hoc TUG Lifetime Member

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    "Pursuant to paragraph ___ of my purchase agreement, I hereby rescind that agreement. Please cancel my purchase and refund all money paid by me in connection with that purchase.

    Very Truly Yours,
    GuyD770"

    Also, read your contract and put in anything else required by the contract.
     
    Last edited: Jun 23, 2005
  3. GuyD770

    GuyD770 Guest

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    Thanks!!

    Thaks for your reply! This is what I sent, along with the undersigned signatures of my wife and I. Is this sufficient?
     
  4. Hoc

    Hoc TUG Lifetime Member

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    It depends on the language of your contract. If your contract doesn't require anything else, and you are within the cancellation period and sent it in the manner required under the contract, then it should be sufficient.
     
  5. TravelSFO

    TravelSFO TUG Member

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    I wanted to mention the obvious (since it may not be so obvious to all). Make sure you send the recission notice via certified mail. You need to be able to prove (get a copy) that you actually mailed the notice if the resort does not receive it or claims to not have received it.
     
  6. Llexlon

    Llexlon TUG Member

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    Letter of Rescission

    If you do a search online with Google, Yahoo, etc. you can find a copy of the letter used in (I think :confused: ) Hawaii. I just copied their form into a word document and edited their form to my liking and sent it certified mail to the proper address listed in the contract. Good luck and congrats on finding this board in time.
     
  7. Hoc

    Hoc TUG Lifetime Member

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    Sending certified mail is well and good, and should be done on top of any other way of communicating it. But if the contract provides that the notice must be sent via First Class Mail, postage paid, or fax, or some other way, and you only send via certified mail, then your notice of rescission is invalid. So, make sure you read your contract and comply with its terms.
     
  8. GuyD770

    GuyD770 Guest

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    Thanks!!

    Thanks for the replies! Here is what is written on the contract:

     
    Last edited: Jun 24, 2005
  9. Amy

    Amy TUG Member

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    Hoc, If both husband and wife signed the purchase agreement, do both need to sign the notice of rescission for the notice to be effective? (Language re right same as that quoted above - Florida law.) I think the answer is yes, erring on the side of caution, but I thought I'd check to see if you know otherwise.
     

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