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When can you cancel a timeshare contract?

When can you cancel a timeshare contract?
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For many years, the appeal of timeshare ownership in a hot vacation spot attracted millions of buyers. However, the industry has been gaining a bad reputation. The truth is that timeshares might be suitable for some people, but the big scam about them is that timeshares are being sold using unethical methods. As a result of this, there are thousands of timeshare owners who are willing to do anything to get rid of their units. When can you cancel a timeshare contract? Read this article to find out!

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

Why should I cancel my timeshare contract?

Time shares are an expensive purchase, and with the economy as it is in the current time, it is difficult to maintain one. These are some reasons why you should cancel your timeshare contract:

  • You will no longer have to pay any timeshares fees, such as maintenance and special assessment fees.
  • You will have the freedom to vacation wherever and whenever you want.
  • You will no longer have to deal with any threatening calls from the resort, trying to remember you to pay your fees
  • You will not waste any more time trying to sell or to rent your timeshare, you will no longer be stuck with it!

Also read: Time shares, are they a good purchase?

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When can you cancel a timeshare contract?

Timeshare cancellation should be done as soon as you don’t feel happy with your purchase. If you experience buyer’s remorse just a few days after you signed the contract, you should know that there is a rescission period in every timeshare contract, which depends on the country where you purchased your timeshare.

In Mexico, there is a 5 business day cancellation period. If you are still under your rescission period, you should send the resort a certified letter requesting the cancellation of your contract. However, if the rescission period has expired, it is better if you look for legal help. Beware of Timeshare cancellation companies that ask you for an upfront fee to assist to in your case.

Also Read: Timeshare Regulations in Mexico

When can you cancel a timeshare contract? - As soon as possible!

Time to cancel your timeshare contract!

At Mexican Timeshare Solutions, our associates have several years experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner. The goal of MTS is to provide our clients with the best way to get out of their timeshare contract, by cancelling the contract properly so that they can vacation on their own terms. Contact us at MTS for a free consultation and analysis of your timeshare situation. We do not charge any fees until you have received confirmation that your timeshare has been properly cancelled, so you have nothing to lose, except your timeshare!

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If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how? 

 

Leave your comment below and share your opinion with us.What do you think about the article When can you cancel a timeshare contract?To know more about timeshare cancellation visit:  

Timeshare Cancellation Rights

Rules of timeshare cancellation

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21 Comments
  • Emer V.Marzo 14, 2016, 10:30 am

    it supposed that you can cancel within 5 days after you did the purchase, but is fake, dont get involved with timeshare field , only lies is what you get .

  • Alejandro CaroMay 4, 2015, 10:16 am

    Actualmente atravieso una situacion muy complicada con las personas que me vendieron el tiempo compartido , es hora aun que no puedo librarme de ellos ,no entiendo como es posible que fui tan ingenuo y compre con ellos, la vd que si estan pensando en comprar algun tiempo compartido mejor piensenlo 2 veces, es la peor inversion que he hecho en mi vida..

  • Tiffany KingDecember 20, 2014, 8:03 pm

    you can cancel whenever you want actualy, i did it, i just get a lawyer and end of the story

  • DeborahDecember 11, 2014, 10:48 pm

    i tried to cancel my timeshare with Royal Holiday, and they just made me waste my time, at the end they denied it!!

  • EnriqueDecember 8, 2014, 5:16 pm

    aun cuando estamos concientes de que tenemos 5 dias como periodo de cancelacion despues de la compra, muchas veces estos astutos ladrones, hacen que la gente renuncie a su derecho a base de mentiras

  • PaulDecember 8, 2014, 4:56 pm

    i canceled my timeshare 6 months ago, but it takes me almost 4 years!!!

  • CarolineDecember 6, 2014, 8:24 pm

    you should be able to cancel your timeshare whenever you want.. but no!!! that's just a sign that they just want to rob your money for a lot of time..

  • SamantaDecember 1, 2014, 5:52 pm

    a veces compramos pensando que despues podremos cancelar, pero tengan mucho cuidado, muchas veces se vuelve imposible

  • TiffanyDecember 1, 2014, 4:48 pm

    and what if they never told me about my 5 days period?

  • NathanNovember 26, 2014, 11:09 pm

    i purchased a timeshare a year ago and i'm sure they didn't tell me about the 5 days period!!

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