Actualizado: 26 oct 2022
Mexico is a great vacation destination, but if you purchased a timeshare during your stay, you may have unknowingly made a mistake.
PUERTO PENASCO, SONORA; MEXICO.- A few months after buying a timeshare, you will probably start receiving a large amount of documentation from the resort detailing everything. Taking a look at the paperwork, you may have noticed a few things that didn't look right. Perhaps the mortgage price was higher than stated, or the sales rep lied to you about the annual fees. If this sounds like you, then you are not alone. 1 in 8 households in the United States owns a timeshare and a Mexican timeshare is nothing out of the ordinary.
Are you worried about the hassle of canceling a timeshare in a foreign country? Rest assured, we are here to help. There are a couple of options you have if you are learning how to get out of a timeshare in Mexico. So stop desperately searching in the internet for answers! If you are looking on how to get out of a timeshare in Mexico, the US or anywhere else in the world you are in the right place. Mexico Timeshare Cancellation Policy If you're the kind of person who likes to read a contract right after it's purchased, you might be in luck. The rescission period in your contract is another way to give you a few days to see that what you bought is beneficial to your situation. On average, timeshare companies usually have a rescission period of 3 to 10 days. But on rare occasions, it can be extended up to a month. If you are in your rescission period, we encourage you to act immediately. First, we suggest that you contact the resort and tell them that you want to leave immediately and that you are under your rescission time period. We then suggest that you submit all required documents the following day. Your timeshare in Mexico will want a signed document stating that you want to terminate your contract. We recommend that you send the documents overnight to play it safe. If the documents arrive days after your rescission period, most timeshare companies will not accept your request to rescind the contract.
Timeshare exit law for MexicoIf you are reading this and want to cancel a timeshare contract in Mexico, you must first understand how Mexican timeshare law works. Timeshares in Mexico are sold as vacation ownership or leases. Timeshares in Mexico have a useful life of between 3 and 100 years. You will be required to pay annual and monthly fees when you own the timeshare during that period. This can be relatively expensive. Factor in maintenance fee inflation and a high-interest mortgage. If you want to know how to cancel a timeshare in Mexico, you must be familiar with article 56 of the Federal Consumer Protection Law. This do not only applies to citizens of Mexico, but the law also applies to any visitors. Article 56 of the Consumer Protection Law requires that any consumer who feels they have been cheated must mail or personally deliver a written cancellation letter. You need to explain your situation and how you fell victim to high-pressure sales tactics. The handwritten letter should detail names, dates, contract number, and the date you purchased the contract along with any contact information you wish to include. When you send this letter, we recommend that you refer to “Article 56 of the Consumer Protection Law”, so that the complex is familiar with your request and prioritizes your situation. Once everything is submitted, we recommend that you contact the resort and follow up with any other information they need for the cancellation of your timeshare in Mexico.
How to legally cancel a timeshare contract in MexicoIt is difficult for companies to get out of a Mexican timeshare due to judicial restrictions. However, there are loopholes in timeshare. If your Mexico timeshare has offices or an accounting department in the United States, then lawyers may be able to take legal action against the US-based department, thus returning to the Mexico timeshare resort. Conclusions In conclusion, if you are looking to cancel a timeshare in Mexico, act quickly! Timeshares can be mentally and financially stressful. If you went on vacation and unfortunately fell victim to a timeshare signing, you have options. Timeshares in Mexico can be a hassle with rising maintenance fees and monthly costs. That without forgetting the constant phone calls to improve your timeshare and get more money.
Lic.Olayn LEO Garcia / Attorney #5408654
Law Office of Lic. Olayn Garcia & Associates U.s. 602.581.8558 Mx. 638.112.0537 firstname.lastname@example.org #Realsolutions