If you’re considering purchasing a timeshare in Mexico, there are a few different issues that you will need to take into consideration. Even though Mexican law protects those who purchase timeshares by offering the right to cancel one of these contracts, this right may be difficult to enforce at the same time. Additionally, there are all sorts of timeshare scams rampant throughout the country.

It’s important to note that in Mexico, no foreigner is permitted to own land within 50 kilometers of the coast or 100 kilometers of an international border; however, many timeshares are located in beach resorts. This means that whenever you purchase a timeshare, you are only purchasing the right to use one instead of an actual interest in the real thing. A Mexican timeshare will give you the right to use one or more units for a certain number of weeks during a certain number of years, and you will be required to pay a specific purchase price and maintenance fees, which can increase every year.

It’s also important to note that timeshares purchased in Mexico are in no way subject to United States law. Mexican law mandates that you have five business days to cancel a timeshare contract once you’ve signed it. In other words, the sooner you cancel it, the better. On the other hand, if you attempt to cancel, a timeshare salesperson may attempt to tell you that you waived that right when you signed the contract. Do not believe that statement under any circumstances. In fact, if you wish to cancel a timeshare contract, you will need to do the following:

*Notify the developer in writing.

*Send notification by email.

*Notify the developer in person.

*Keep proof of the cancellation notice.

Once you have canceled, the developer will be required to refund all money you have paid within 15 business days. If they either stall or refuse to give you a refund, you will be able to file a formal complaint against them with PROFECO, which is Mexico’s consumer protection agency.

Here are a few other important tips to help you avoid timeshare scams in Mexico:

*Be cautious of “free gifts with no strings attached.”

*Never purchase a timeshare based on a brochure.

*Never sign anything at a timeshare meeting.

*Always do your research.

*Obtain any promises in writing.

Thank you for visiting the Lawyer from Mexico blog, a legal expert on timeshares in Mexico. If you need legal counsel about a timeshare in Mexico contact our office today!