Are you a vacation club member and have been curious if you could cancel your timeshare? The truth is, it is doubtful that you would even want to cancel your membership, especially if you purchased your plan with a genuine and reputable resort provider like the Villa Group Resorts. It is natural that some members are curious about their legal rights regarding cancellation of their membership. Would you like to know more about Mexican timeshare cancellation rules? If so, read below to see if you can legally cancel your timeshare or not.
- Mexican Timeshare Cancellation Rules
A vacation club membership comes with lots of details, so it is easy to see why some members get confused when it comes to the rules about cancelling their membership. A vacation club membership is a legal contract that members sign that states they will pay the fee to be a club member, and to pay any and all maintenance fees that will be due each month, or once or twice a year, depending on the specific rules of your contract. Your membership contract is where you will learn about the maintenance fees, and you can expect the maintenance fees to gradually increase over time. All of the maintenance fees go towards maintaining the property so members will receive the consistent quality that they want with their membership.
- Cooling Off Period or Rescission Period
Vacation club members that still want to cancel their plan for whatever reason can do so during the cooling off period, or rescission period, that occurs in the days immediately after the contract has been signed. All new vacation club members can cancel their timeshare during the cooling off period, which is typically around five to fourteen days after the contract has been signed. You need to read through your specific contract so you can see how many days your cooling off period is. Most companies provide between five to fourteen days for new owners to rescind on their commitment. Timeshare members can legally cancel their membership during the cooling off period, but once the cooling off period has expired, you are legally required to pay your maintenance dues, fees, and regular payments.
- Are Cancellation Companies Scammers?
You have just learned that you can cancel your vacation club plan in the few days after you have signed the contract. However, if you have had your timeshare for a long time, then you can’t cancel your membership. Some existing members are contacted by cancellation companies that claim they can cancel their vacation club commitment for a fee. You don’t want to become a victim to these cancellation company scammers, do you? Nobody can cancel your vacation club contract once the cooling off period has expired. If your cooling off period is still active, then simply contact your current provider and they will assist you. You don’t need to pay any outside scamming companies. They are only wanting to scam you and take your hard earned money. If the cooling off period has expired, you are unable to cancel it. No cancellation companies are able to cancel your timeshare once the cooling off period has ended. Remember, you should only talk to your current provider if you have any questions or concerns.
To summarize, are you able to cancel your timeshare? Yes, you are able to cancel your timeshare membership if it is during the cooling off period. However, once the cooling off period has expired, you are not able to cancel your membership. The cooling off period is generally five to fourteen days after you have signed the contract. No cancellation companies can cancel your membership once your cooling off period has expired. We are hoping that this article will help you understand how Mexican timeshare cancellation rules are.