Desperate to get rid of that timeshare? The sad truth is, you may have few options.

If you can’t unload it, you might try to rent out your timeshare to minimize the costs to you of ownership. You might have an easier time renting it than selling it. When it comes to giving away the timeshare, you’ll need to treat it like a sale and make sure that whoever takes it off your hands agrees to become legally responsible for the financial obligations of timeshare ownership. You may need a legal sales agreement that spells this out, but transfers ownership for no money or perhaps $1.