How Do I Cancel My Mexican Timeshare?

How do I cancel my Mexican timeshare? Is it easy to do? And is it expensive? Find out in this article. In Mexico, timeshares are difficult to cancel, even though they may seem like a good idea at first. Many resorts have non-cancellation clauses that can prevent you from canceling the contract.

Is it easy?

If you have purchased a timeshare property in Mexico, you’re probably wondering how easy it is to cancel. There are a few steps that you can take to make the process go as smoothly as possible. First, you’ll need to know what the rescission period is. The rescission period is the period in which you can decide to cancel your timeshare without penalty. This window is five days.

Second, you’ll want to make sure to follow the cancellation procedures outlined in your contract. The law requires that you send a formal letter, which must include a rescission period, to the company you signed the contract with. You should also ensure that your letter contains a clear explanation of why you’re canceling and explain any high-pressure sales tactics.

Last, you can also hire a timeshare exit company to handle the process for you. This option is more expensive, but it’s the most efficient. However, you’ll probably have to pay maintenance fees for five years. A professional exit company can handle all of these details for you, and will get your cancellation letter ready in no time.

Is it expensive?

When you buy a timeshare in Mexico, you should consider the costs of cancelling the contract. While it may be tempting to just walk away, you should be aware that timeshare cancellation is complicated and can have legal implications. It is best to consult a real estate attorney, who can negotiate a cancellation to suit your needs. These attorneys have experience in timeshare cancellation and will be able to help you avoid the pitfalls.

In Mexico, timeshare contracts are much more complex than in the United States. They are typically for three to 100 years and may require monthly or annual fees. While Mexican law protects consumers from being taken advantage of, timeshare scams are rampant. To avoid being ripped off, make sure you understand the contract before signing it. In addition, you can always contact the Mexican consumer protection agency, PROFECO, to learn more about your rights.