How to Get Out of Diamond Resort Timeshare

If you’re a Diamond Resorts International timeshare owner, and seeking exit options for various reasons, such as high maintenance fees, financial changes, limited usage, or misleading sales tactics. There are several paths available for cancelling Diamond Resorts Timeshare, some of which are given below:

• Exit during your right-to-rescind period (if still valid)
• Inquire with Diamond Resort directly for exit options
• Hire a legit timeshare exit company to negotiate on your behalf
• Look into renting and reselling timeshares online
• Transfer ownership to someone else who wants the timeshare
• Stay alert for scams and fake offers from companies or brokers

We will cover everything in detail to help you navigate the process successfully.

1. Rescind Your Contract

You can legally rescind your contract during the rescission period. This short window allows you to cancel your timeshare contract without obligation. Your contract will mention how many days you must cancel after signing the contract. 

Diamond Resorts Cancellation Policy:

Diamond Resorts operates under Nevada jurisdiction, giving timeshare owners a 5-day rescission period to exit a contract legally. This period begins on the day the contract is signed or the day the purchaser gets a public offering statement. So, if you’ve purchased your timeshare in the last 5 days, you can easily rescind your contract. 

To proceed, you must write a rescission letter to Diamond Resorts for Cancellation to inform them that you use your legal right to cancel the timeshare within the specified period. It serves as written evidence of your intent to withdraw from a commitment.

2. Working Directly with Diamond Resorts

Working directly with the diamond resorts seems like the simple route, and in some cases, it can be. This option can have both benefits and challenges. 

Benefits of Working with Diamond Resorts:

• Direct Access to Details: You can easily access the information from the source, including contract terms, deadlines, and available options. 
• Exit Programs: Diamond Resort may offer you in-house options like a deed-back exit program or ownership transfers that might help you end your contract: 
• No Middleman Involved: Direct negotiating with resorts eliminates the involvement of a third-party company, so you won’t have to pay anything. 

Challenges of Working with the Resort:

• Sales Pressure: You may face sales pressure when trying to cancel directly. Resort representatives often push alternative offers instead of helping you exit the property. 
• Miscommunication and Delays: Many owners report delays, unclear instructions, or even receiving wrong information from resort staff.  
• Not Transparent: Some resorts do not provide transparency in details about your cancellation rights. They make the process more difficult than it needs to be.

3. Hire Timeshare Exit Company

Hiring a reputable exit company can be a practical solution to exit your timeshare. These companies have extensive knowledge of laws and contracts and a proven track record of successfully existing. Moreover, they can negotiate on your behalf and free up your time. 

What to consider when hiring an Exit Company:

• Research the company’s reputation and customer feedback.
• Inquire about whether they offer escrow protection.
• Check their transparency in the fee structure.
• Ensure they have experience with Diamond Resorts’ timeshare company.

4. Renting Your Timeshare

Many owners believe that renting a timeshare is a viable option to recoup some of their investment. However, the reality is often disappointing. 

Here’s why

• Finding reliable renters, managing bookings, and handling issues can be stressful and time-consuming.
• You may still be required to pay maintenance fees and other costs, even if you’re renting out your property.
• Most importantly, you may still be liable for property damage or issues caused by renters.

5. Selling Your Timeshare

Selling your timeshare is a complex way to exit your contract. The timeshare resale market is highly competitive, and owners often struggle to find buyers. 

Why selling is not a reliable option: 

Over-saturated market: The timeshare resale market is flooded with listings, making it hard for your property to stand out.

Low Demand: There is a low demand for timeshares due to adverse reports and experiences.

Many owners are listing their timeshares as low as $1 on eBay and still fail to attract buyers. If you’re considering selling as a way out, be aware that the market is highly competitive, and lower prices still do not guarantee a sale.

6. Give Away your Diamond Resorts Timeshare

Many owners feel giving away their timeshare to someone else is a quick fix, but it isn’t without risk. Whether you give away or gift your timeshare to your friend, relative, or even stranger, you could be held responsible if they stop paying maintenance fees, especially in states like Florida.

The Florida timeshare law, as outlined in Section 721.17, warns that a contract’s obligations won’t be canceled even if the new owner files for bankruptcy.

Furthermore, your resort may make it difficult for you to give away by adding transfer fees or rejecting your request. Therefore, always consult a legal expert or use a professional title transfer service to ensure a safe and legal process.

Legal Action

Legal action becomes a realistic option when your timeshare resort refuses to work with you, even if you qualify for deed-back or other exit options. If you’re being constantly harassed for fees or sued for nonpayment, you need to consult with a consumer rights attorney. 

Moreover, many timeshare buyers were manipulated or misled during the sales process, with false promises about rental income, resale value, and easy cancellation. If you think any of these apply to you, an attorney can help fight back using your state’s contract and fraud protection laws.

Timeline and Cost Expectation for Each Option

Here’s a brief overview of each option’s timeline and associated costs.

How to Review the Diamond Resorts Contract for Exit Eligibility?

Before you can cancel your Diamond Resorts timeshare, it’s essential to understand your specific contract terms. Every timeshare agreement is different, especially when it comes to exit options and legal deadlines. Whether you’re still within the rescission period or have held your contract for several years, reviewing the contract thoroughly is the first and most critical step in determining your eligibility for cancellation.

Start by looking for the following key clauses in your contract:

• Cancellation Window: Check if your agreement outlines a legally binding rescission period (typically 3 to 14 days, depending on your state).
• Exit or Termination Terms: Look for any reference to cancellation or exit policies outside the rescission window, including conditions or associated fees.
• Ownership Details: Understand whether you own deeded property, points, or right-to-use, as this affects how you can legally exit the agreement.
• Transfer Limitations: Some contracts prohibit or restrict resales or transfers, which could limit your options.

Once you’ve reviewed the terms, gather all supporting documents, such as:

• Your original purchase agreement
• Payment receipts or loan payoff records
• Maintenance fee invoices or statements
• Any official correspondence from Diamond Resorts (emails or letters)
• Your membership ID or account information

Having this documentation ready will help you understand your current standing and support your case during the cancellation process. If your contract allows cancellation, draft a formal letter that includes your full name, membership number, a clear intent to cancel, contact details, your signature, and optionally, your reason for cancellation.

Send this letter via a trackable delivery method (such as certified mail or a reliable courier) to the address specified in your contract. This ensures there’s proof of delivery if your cancellation is challenged later.

By carefully reviewing your Diamond Resorts contract and following these steps, you’ll know whether you’re eligible to begin a legal and effective timeshare exit.

What are the Lawsuit Risks? 

The lawsuit risks a legal court matter in which one party files a case against another party due to a violation of an agreement. In the case of timeshare, the timeshare companies often take legal action against owners if they stop making maintenance fees without a formal release from the contract. 

The risk of a lawsuit is low if you follow the legal procedures. Canceling during the rescission period is your strongest protection, as this is your legal right under state law. Similarly, if you cancel through the resort’s exit program or hire an exit company, you’re far less likely to face issues.

Here’s how to stay safe

• Keep detailed records of the contract and communication with the resort
• Send any cancellation notices using certified mail 
• Get any confirmations in writing
• Avoid ignoring the contract with a plan

How to Avoid Scams?

Scammers often target many owners. They may claim easy exits, have a special relationship with the resorts, or promise guaranteed results. 

Tips to protect yourself from exit company scams:

• Always check the company’s reviews, ratings, and complaints
• Verify credentials and licenses
• Be wary of up-front fees and guaranteed results
• Check with the Better Business Bureau (BBB) for complaints

Contact a Trusted Company for Assistance 

Contact Timeshare Cancellation if you’re still unsure about how to exit your Diamond timeshare contract safely without scams. We have a team of experts who guide you at every step and recommend working with professional companies that offer escrow payment options and don’t charge up-front fees.

Lawsuit Against Diamond Resorts

Diamond Resorts has been involved in numerous lawsuits over the years. Some of the notable lawsuits are:

Zwicky v. Diamond Resorts International, Inc.

In this lawsuit, the plaintiffs alleged that the resort misrepresented the annual fees for timeshares, resulting in unexpected costs.

Lawsuit by Timeshare Compliance: Timeshare Compliance, an exit firm, sued Diamond Resorts, alleging that the company misled individuals about the inheritability of their contracts.

Conclusion

Canceling a Diamond Resorts timeshare contract requires careful consideration and informed decision-making. Whether you’re thinking of selling, renting, working with Diamond Resorts, or hiring exit companies, it’s essential to understand the benefits and challenges of each path. Take your first step towards resolving your concern. Consult Timeshare Cancellation for an escrow-based partner to help you exit your Diamond Resorts timeshare safely and legally.

FAQs

Q1: Will Diamond Resorts buy back my timeshare?

Diamond Resorts may take back your timeshare through a deed-back program. But, typically, they don’t take back easily; instead, they try to provide upgraded or alternative solutions to keep you in the contract.

Q2: Can I sell my Diamond Resorts timeshare?

Yes, you can sell your diamond resort in the resale market. However, due to an oversupply of timeshares, you may not be able to find potential buyers.

Q3: Do diamond resorts have an exit program?

Diamond Resorts may have a deed-back program option. However, they may have specific eligibility criteria and requirements.

Q4: What is the cancellation cost of Diamond Resorts? 

The cost of cancelling Diamond Resorts’ timeshare varies depending on the method you choose, the complexity of your case, and the service required.