Timeshares in Mexico: Do’s and Don’ts

If you are considering to get into a timeshare program you should observe these 7 steps:

  1. You are entitled to get full disclosure from the service provider before signing any document;
  2. Read carefully; contracts must be drafted in Spanish; English translations do not have legal effects and they are made for courtesy purposes only;
  3. Ask for the cancellation policy; each contract must contain a cancellation clause without penalty if it is exercised within 5 business days after it was signed;
  4. Get a clear description of the services, fees, schedule, payments;
  5. Get full information about warranties, fines and penalties;
  6. Ask for permits and licenses to conduct business in Mexico; the service provider must show that it is authorized to conduct business in accordance the Mexican law;
  7. Get a copy of the contract and ask for independent legal advice before you sign it; contracts must be in accordance with the NOM029-SCFI-2010 and previously registered before the Mexican Protection Consumer Agency, PROFECO

Timeshare could be a reliable option for families to have access to a “dream vacation” with an affordable investment; however, sometimes they could be a real nightmare for those trapped by obscure and unreasonable terms. Fortunately, Mexican law provides remedial options and we have assisted our clients to keep their good credit, avoid outrageous penalties and get their money back.