Use This Checklist to Successfully Exit Your Timeshare
If you decide to exit your timeshare, this checklist will ensure you have all the necessary information.
Exploring Your Developer’s Exit Options
Step 1
Prepare for a conversation with your developer.
Information and Documents to Locate
To start the conversation, locate the name and number of your resort.
Before contacting the resort, have your member number ready.
Additional information your developer will likely ask for:
The deed and/or contract or membership agreement that clearly identifies the timeshare you own.
The loan or financing agreement (if you are still paying for the property). Please note that it is likely that you’ll need to pay the loan in full before you can transfer your timeshare back to your developer.
The amount and due date of your maintenance fee and whether it has been paid for the current year.
The date your timeshare will next become available for use by a new owner – or the date when a new owner can first make a reservation – and if you own a fixed or floating week.
Step 2
Contact your developer.
Questions to Ask Your Developer
Am I eligible to participate in a developer-backed exit program?
If you are eligible, ask these questions:
Can I participate if I have an outstanding loan balance?
Does my maintenance fee need to be paid in full to participate?
Can I participate if I have used some (or all) of my time, or if I have a future reservation for a stay?
What options are available for me as part of the developer-backed exit program?
Can I give some or all of my ownership back?
Is there something I can do if I just need help for a year or two, and I don’t’ want to give my timeshare back in full?
Is there a buyback program offered where I can get some compensation for my timeshare?
Is there a program that can help me with my loan payment if I am not eligible to give my timeshare back?
If you are unable to help me, what are my options?
Do you have any trusted resale or rental partners?
Working with a Resale or Rental Company
If your developer is unable to assist you and you plan to reach out to a reputable resale or rental company, here are some things to have prepared to ensure a productive discussion.
Timeshare Documents
A copy of the deed or membership agreement
For right-to-use leases, the lease expiration date
For deeded properties, the names listed on the deed
Ownership Details
Information about available points or weeks, including:
Week number
Point allotment
Unit number
Any banked or borrowed points
The pay-off amount, if the timeshare is being financed
The amount of your most recent maintenance fee
Brand/Resort/Unit Information
Details such as the brand, resort name, unit size, season, and view (if applicable).
