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One of my friend bought a time share (in the Las Vegas of Midwest) about 5 years ago. He has barely used it since then. And recently he had some hard time with some financial troubles and death in the family.

Last week, he went to the timeshare company to somehow get rid of the Timeshare. To his utter surprise, they were least sympathetic about his situation and told him that he cannot get out of the timeshare "according to the terms and conditions", and if he doesn't act, it would be pass on to his children and would be burden on them.

The marketing guy asked him to update to new terms and conditions by buying another timeshare property and he would be able to get out of it in 10 years according to the new policies. (This of course will cost him about $9K)

I am sure there is a way out then just keep feeding to these scammers.

Can someone suggest how can he get out of this Timeshare contract, without wasting more money.

Plz help.

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  • you can typically sell/transfer ownership of a timeshare to some other poor soul that thinks it's a good idea to buy one. the timeshare company usually doesn't care who they are getting money from, as long as they are getting money.
    – rhavelka
    Commented Aug 10, 2021 at 20:00
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    This will depend very much on the terms and conditions. The part about being a burden on the children is likely total bunk, though - parties owed money can get paid from the estate of a deceased person before heirs do, but debts generally do not transfer to the next of kin unless they're a co-signer (some exceptions apply).
    – Nuclear Hoagie
    Commented Aug 10, 2021 at 20:03
  • There are companies which specialize in breaking TS leases. I don't know how expensive/difficult it is, though.
    – RonJohn
    Commented Aug 10, 2021 at 20:19
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    "if he doesn't act, it would be pass on to his children and would be burden on them" They're lying. nerdwallet.com/article/finance/inheriting-timeshares
    – ceejayoz
    Commented Aug 10, 2021 at 20:53
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    Did he read the terms and conditions when he signed up? Was he aware that nobody who owns a timeshare likes it?
    – Criticizing Israel not allowed
    Commented Aug 11, 2021 at 9:05

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