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How long do I have to rescind my timeshare? – Mexican Law

How long do I have to rescind my timeshare? – Mexican Law
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You’re not alone, and many vacationers have been through the same situation. Timeshare scams in Mexico have become a huge problem, and the number of Mexican timeshare fraud victims has been increasing at an alarming rate.  However, there is always a way to get out of your timeshare contract, all you have to do is to investigate about the possibilities to get rid of a timeshare you no longer want in a legal way. So, How long do I have to rescind my timeshare? Find out the answer to this question by reading this article.

Timeshare scams in Mexico

Due to the magnificence of its beaches and its beautiful locations and surroundings, Mexico is a very touristic country, because of that; it makes sense to know that it is the second country in the world with more timeshare developers, just after the USA. From the airport to the streets, timeshare salespeople are everywhere, and anyone could easily become a victim of a timeshare scam while vacationing in Mexico.

There are many timeshare companies that use fraudulent and misleading tactics to sell their units. Also, because the concept of timeshare has already a bad reputation, they usually claim that they do not really sell timeshares, but vacation memberships, which is actually the same.  The complaints about this matter are so many that not even PROFECO (The Mexican’s Consumer Protection Agency) can take care of all of them.

How long do I have to rescind my timeshare?

Despite of what you might be told during timeshare presentations, you will always have a legal right to rescind your timeshare. Many people are forced to sign away their right to rescind, but this is an illegal practice and it does not exclude you from your right to cancel.

According to the law in Mexico, you have 5 business days (Monday-Friday) to legally rescind your timeshare contract after you have signed it. If you decide to cancel the contract within that period, you should notify the resort about your decision as soon as possible.

What if the cancellation period has expired?

In most cases, timeshare fraud victims realize that they have been scammed, after the cancellation period has expired. This does not mean you lost your opportunity to cancel your timeshare, as you still have the possibility to do so. At Mexican Timeshare Solutions, we have a team of timeshare cancel professionals who are committed to changing and rectifying this fraudulent industry, one client at a time. We will work hard to cancel your contract, regardless of whether you purchased your timeshare 2 days or 2 years ago. Contact us today for a free consultation and find out how to cancel your timeshare properly.

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Leave your comment below and share your opinion with us.What do you think about the article How long do I have to rescind my timeshare?To know more about timeshare cancellation visit:

How to get out of timeshare

Timeshare Scams In Mexico vs USA, why are there more situations of fraud in Mexico?

Get out of a timeshare legally - Timeshare Law

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25 Comments
  • Martha DMarzo 17, 2016, 5:34 pm

    UMM like 5 days or so ? but i believe that all is part of the hook , they dont even let you to see clear all the contract forms ! such a shame how resorts pretend to sell something with no regret , all is fraud , dont get caught please.

  • Oscar Laguna February 16, 2016, 10:45 am

    Mis tios del extranjero estan teniendo problemas con un resort en mexico , y al parecer no pueden cancelarlo ya , las personas encargadas del resort les dijeron que sus 5 dias para cancelar habian pasado y que ya no era imposible, asi que ya estan buscando mas alternativas para hacerlo.

  • Rebeca January 10, 2015, 8:57 pm

    The ugly true is that doesnt exist such thing like "time" , no matter what you do , those people the only thing that they want is to stole your money over and over again, the better option is to cancel your timeshare no matter what , dont be naive and if you are thinking to get a timeshare think it twice, because on a future the possibilities to cancel it is not gonna be an easy task , feel free to ask someone on this site, they help me to cancel my timeshare that i bough years ago on mexico, peace for everyone.

  • Laura OwensDecember 20, 2014, 8:04 pm

    everyone must know that they gave you 5 days to cancel after you sign the contract, the problem is when you try to cancel during that period and they say NO.. that's what happened to me.. please help me

  • LilySeptember 11, 2014, 7:20 pm

    i tried to cancel my timeshare in the period of 5 days, but they told me it was impossible.. is there anything i can do?

  • jakeSeptember 8, 2014, 12:55 pm

    I bought Mayan Resort in Mexico yesterday. If I rescind with in 5 days, can I reasonably expect to get the deposit back?

  • mackenzieAugust 25, 2014, 7:28 am

    I think timeshares are a poor investment. I would never get one. Its very rare to hear anything good about them. All I hear about is timeshare relief scams and hidden fees. Be thankful you didn't fall for that.

  • PedroAugust 11, 2014, 8:49 am

    me interesa lo de la consulta gratuita, yo compre mi tiempo compartido hace menos de 1 año y me gustaria cancelar, me di cuenta que es una cosa innecesaria y una gran perdida de dinero

  • NewbieVAAugust 6, 2014, 11:02 am

    Please help....Has anyone cancelled a timeshare contract before?

  • Lynn BonenfantAugust 5, 2014, 2:00 pm

    I have been swindled myself by Pueblo Bonito and I ma not sure what I can do as my contract does not state what I was told in person. I was told that I bought 1 week every other year and that I had two additional weeks every year. Well I just tried to book my vacation and was told that I do not have this time. I only have one weeks and that I could use their Premier Service to get additional weeks but I would have to pay the price indicated not the transfer fee that RCI promises.

    I don't know what to do as I had a problem back in Dec when I purchased and Omar assured me in a telephone conversation (FYI took 15 days to get someone)that is what I have and that the RCI week would not be on the contract because it is through RCI he sigend us up for those two weeks. I have currently paid $3,268 and was told I can cancel my contract at any time for $500.
    What can I do?

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