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I own a couple of timeshares in Mexico. Unlike the US, in Mexico you only get the Right to Use for a specified time frame--like 20 years. One of my timeshare RTU's is going to expire in two years. What happens?
Does it just end? Do they re-sell it to you again. Do they put the screws to you with "release fees" or some other such nonsense?
In all my years of timesharing, I have never met anyone who has gone through this. Is it just because timesharing is too young and none of these have expired before?
I suspect that they aren't going to renew because the rumor is that the timeshare will be torn down and rebuilt with a newer ultra-modern and elegant resort that they can sell for many more pesos. I would imagine they will try to entice current owners to "re-up" for the new facility. But again, I have no idea. When I am at the resort and ask, I never get a straight answer. And there is nothing about it in my sales contract (I bought resale on E-Bay, so everything is sketchy in this area.)
Any help from timeshare vets out there???
Does it just end? Do they re-sell it to you again. Do they put the screws to you with "release fees" or some other such nonsense?
In all my years of timesharing, I have never met anyone who has gone through this. Is it just because timesharing is too young and none of these have expired before?
I suspect that they aren't going to renew because the rumor is that the timeshare will be torn down and rebuilt with a newer ultra-modern and elegant resort that they can sell for many more pesos. I would imagine they will try to entice current owners to "re-up" for the new facility. But again, I have no idea. When I am at the resort and ask, I never get a straight answer. And there is nothing about it in my sales contract (I bought resale on E-Bay, so everything is sketchy in this area.)
Any help from timeshare vets out there???
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