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Timeshare Cancellation Rights: How many days do I have?

Timeshare Cancellation Rights: How many days do I have?
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If you buy a timeshare and you feel that you were pressured into buying, or simply you realized that you cannot afford an expense like that, you can cancel your timeshare purchase. Read more to know your timeshare cancellation rights and how many days you have to cancel.

Travelers often go to timeshare presentations to get the free gifts, but at the end they are pressured, and as a result of the hard sales pitch, they sign a timeshare contract even they had no intention to buy. That’s when they decide to get rid of the timeshare contracts, as we have seen in:

How to get out of a timeshare?

How to terminate ownership of a timeshare

How to give away a timeshare

Timeshare Cancellation Rights: How many days do I have?

If you don’t want your timeshare any more, you have timeshare cancellation rights. The time you have to cancel a timeshare purchase, which is the rescission period, will depend on the state or country the timeshare contract was signed. For timeshares purchasers signed in Mexico, there are only 5 days cancellation period.

To prevent people from cancelling their timeshare contracts and make valid the timeshare cancellation rights, some timeshare companies tell them that they have 30 days to cancel their timeshares with no penalizations. This people believe in what the timeshare salesperson says and does not read their contracts, which stipulate only 5 business days to cancel the timeshare contract.

As a timeshare owner you must notify the timeshare resort in writing for the cancellation during the rescission period. If you properly cancel your timeshare contract within this period, all the money you paid must be returned. But remember, you only have 5 days.

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How to write a timeshare cancellation letter

The cancellation of the timeshare must be done in writing and send it during the 5 days cancellation period. This letter should include the next information:

  • the owner’s name, just like it appears in the timeshare contract
  • the owner’s address, phone number and e-mail address
  • the name of the timeshare company from which one you bought the timeshare
  • the description of your timeshare
  • the date when the purchase was made

It is also necessary to stipulate that you want to cancel your timeshare contract, and send it via certified mail.

Timeshare cancellation after the rescission period has expired

If the rescission period of 5 days has already passed, you still can cancel your timeshare contract but it will be more difficult for you to accomplish the process. In this case, the best thing you can do is to hire a timeshare attorney.

At Mexican Timeshare Solutions, we are specialists in timeshare cancellations, and we can help you cancel your timeshare no matter what is the situation you have. With experimented associates we can provide help in fast. Do not hesitate, and contact us to get the assistance you need.

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If you want to know more about timeshare cancellation rescission period, visit:

Business days to cancel a timeshare contract in Mexico

What are the rescission laws for timeshares in Mexico?

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

 

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20 Comments
  • LitoNovember 6, 2015, 4:41 pm

    I have paid a lot in time share. I stopped paying it as when i first used it we were not given the righT room, and the room has cockroaches.
    that time on, i prefer to stop paying it. i sent an email of complaint but nobody is replying. they only get my attention when i stop paying.

    is there any legal way to cancel my contract due to unavailability of funds?

  • TiffNovember 6, 2015, 4:29 pm

    I was suckered into buying a timeshare in Mexico, later I read the awful reviews online. I live in Canada and sent my cancellation letter 2 days after the purchase date. Mexico cancellation law is 5 days. Does anyone know if they go by the timestamp date or the day they recieve my letter?

  • Carlos IbarraOctober 28, 2015, 3:04 pm

    I bought a timeshare in Cancun under a very hard pressure by the salespeople in 2013, I paid it off in 2014, but since 8 months my economic situation doesn't let me make the payments. Can I cancel the contract and get some refund of what I already pay?

  • Emma OjedaOctober 26, 2015, 2:18 pm

    Beware of any timeshare, either Mayan, Royal Holiday Club, especially Fiesta Americana Cavation Club-RCI and Grupo Posadas. PROFECO only helps you in a part, that's why this shameless don't let you break the contract for 40 years. Their way to sell is shameless.

  • Giovanna LeytonOctober 26, 2015, 1:23 pm

    Mi husband and I bought a membership in Sunset. Today is the fifth day and we sent them an e-mail asking for the cancellation, and we hace sent a letter via certified mail too. We imagine it will be difficult to have our money back but we don't want to loose our money. I would like to know how to recover the money.

  • Frankly TrueOctober 22, 2015, 2:13 pm

    I just go back from vacation in Cancun and I realized that I fell for their lies. I'm sick thinking how can I get out of this. I have read similar situations of what some people have done. I purchased two weeks from the Grand Mayan that i can't use because I was told I had to rent them for five years. Now I will place complaint with PROFECO in Mexico. If you can help me with more information on what I need to do to cancel with these people, I would appreciate it. Please guide me.

  • Carlos DuqueOctober 21, 2015, 12:41 pm

    My wife and I went for our aniversary to Cancun and at Villa del Palmar they solds us a timeshare trough a hard sell tactic and endless deception. We were approached at the airport the day we got to Mexico and they never told us that we only had 5 days for the timeshare cancellation and or course, when we got home after a week of vacation, it was already too late to do it. I would appreciate any information about how to cancel this contract.

  • MarianaOctober 20, 2015, 1:32 pm

    2 years ago I made the mistake of buying a timeshare which is a total scam. When I wanted to use my timeshare I realized that is cheaper traveling on my own than using the timeshare. I've tried to cancel but I haven't be able. I just stopped paying it but I worry about my debt that is becoming bigger and bigger. How can I cancel?

  • Saul L.October 18, 2015, 11:16 pm

    Hola , tenia entendido que eran solo 5 dias los que tenias para poder cancelar el contrato un dado caso de no querrlo , pero un familiar tuvo una experiencia en la cual no fue cierto eso de los 5 dias , actualmente esta en conflicto con el resort porque no quisieron cancelarle

  • MinaOctober 15, 2015, 12:00 pm

    I just spoke to the hotel membership manager and she said that the cancellation is valid only within 5 business days from the contract date and it is almost a month passed now.

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