Can I write my own quit claim deed to get out of a time share?
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Can I write my own quit claim deed to get out of a time share?
We bought the timeshare years ago; it is fully paid for and the maintenance fees
are current. We just don’t want it anymore and we are tired of the huge fees. I’ve
read that management will have to sign and will charge us to deed it back to them. I don’t really want to throw away any more money with them. What can I do? Will I need a lawyer to make it happen?
Asked on September 12, 2016 under Real Estate Law, Utah
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
No, you can't just quitclaim it back to management and avoid your obligations or fees unless management voluntarily agrees to it: you can't quitclaim to anyone unless they agree to accept the property from you (you can't force anyone, even the management company, to accept property if they don't want to). So while you can of cousrse ask if the will take the property back and let you write the deed, they are very unlikely to do this. Much more likely, they will want their money--either continuing fees, or some fee or charge for accepting it back.
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