How long do you have to cancel a timeshare in Mexico?
How long do you have to cancel a timeshare in Mexico?
By law, in Mexico, you have five business days to cancel a timeshare contract after you’ve signed it. The sooner you act, the better. Also, be aware that this right to cancel can’t be waived.
How long does it take to cancel a timeshare in Mexico?
You will have to pay an initial purchase price and periodic maintenance fees, which are likely to go up each year. By law, in Mexico, you have five business days to cancel a timeshare contract after you’ve signed it. The sooner you act, the better. Also, be aware that this right to cancel can’t be waived.
How to protect yourself when buying a Mexico timeshare?
Don’t sign a contract when you first meet with a timeshare salesperson. Take the documents with you when you leave the meeting so you can spend some time reading the fine print. Consider reviewing the contract and documents with an attorney. Certainly don’t sign any documents that are in Spanish only.
Is there a rescission period on a timeshare contract?
On average, timeshare companies usually have a 3-10 day rescission period. But on rare occasions, it can extend up to one month. If you are in your rescission period, we suggest you act right away.
Can you buy a timeshare in another country?
Even if your home state strictly regulates timeshare sales, those state statutes won’t apply if you buy a timeshare in another country. Instead, you’ll be subject to that place’s laws.
You will have to pay an initial purchase price and periodic maintenance fees, which are likely to go up each year. By law, in Mexico, you have five business days to cancel a timeshare contract after you’ve signed it. The sooner you act, the better. Also, be aware that this right to cancel can’t be waived.
Don’t sign a contract when you first meet with a timeshare salesperson. Take the documents with you when you leave the meeting so you can spend some time reading the fine print. Consider reviewing the contract and documents with an attorney. Certainly don’t sign any documents that are in Spanish only.
On average, timeshare companies usually have a 3-10 day rescission period. But on rare occasions, it can extend up to one month. If you are in your rescission period, we suggest you act right away.
Do you have to give your timeshare back to the resort?
While this sounds very simple (and the concept is), it is important to note that the Resort/HOA/BOD must WILLINGLY ACCEPT the deedback. Just because you want to give it back, does not mean the resort is obligated to take it back, and in many cases they simply do not (more on that later).