Legal Question in Real Estate Law in Mexico
Returning a Right to Use Timeshare
I have a ''right to use'' timeshare which I purchased in Mexico. I do not owe anything on the original note, only yearly maintenance fees. The right to use of this timeshare is up in 17 years. Can I give up my membership or my ''right to use'' by giving this back--maybe by quit claim?
2 Answers from Attorneys
Re: Returning a Right to Use Timeshare
Your contract may provide for an early termination clause. You should read it carefully. It also may be possible for you to "transfer" the contract. In any case you should have you contract reviewed by a real estate attorney in Mexico that is experienced in "timeshare" litigation.
My law firm may be able to help you.
Re: Returning a Right to Use Timeshare
It is very important to know the date of execution of the agreement and if possible copy of the agreement in order to consider many possible scenarios, such as governing law, litigation clause, anticipated or mutual termination, penaltie, breach of contract, etc...
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