Pueblo Bonito is a beautiful resort in Mexico. Timeshare constructed the first resort in 1987 in Mazatlan, Mexico. They have a set of four resorts in Cabo San Lucas like Pueblo Bonito Sunset Beach, Pueblo Bonito Pacifica, Pueblo Bonito Los Cabos, and Pueblo Bonito Rose, and there are two resorts in Mazatlan one is Pueblo Bonito Mazatlan and the other is Pueblo Bonito Emerald Bay.
When you visit the Pueblo Bonito resort, you get fascinated with the look and the high-end amenities. The salesman will give you a tour of the complete resort; they will encourage and won’t let you go and use all their skill and prompt you to purchase the property. You plan a vacation where you can enjoy and relax once a year that fits your budget. Many people dream of spending their vacation in pueblo bonito, but the high maintenance fee makes them want to cancel the contract and get rid of pueblo bonito timeshare contract.
What is a timeshare?
Timeshare is a sharing property purchased directly from the developer or the resale market. Multiple people purchase it for a certain period. Individuals can buy different types of property like vacations resort, apartments, campgrounds, and condos. The timeshare owner is liable to pay a maintenance fee every year. This fee keeps on increasing every year.
It is most difficult to get the booking as you need to pre-plan your vacation to make sure it is available. You can use the property for a certain time in a year or pre-book your vacation for the year in advance.
How to cancel the Pueblo Bonito Timeshare Contract?
Timeshare property is very attractive where one dreams of spending his vacation, but the high maintenance fee ruins its budget. Due to this, many people look for ways to exit the timeshare contract. Are you a Timeshare owner and want to cancel the Pueblo Bonito Timeshare Contract? Here are the Top 5 Tips To Cancel Pueblo Bonito Timeshare Contract and go through every detail to avoid complications.
Top 5 Tips To Cancel Pueblo Bonito Timeshare Contract:
- Read the timeshare documents
- Write a letter to cancel the timeshare contract
- Sell it in the resale market
- Rent out your property or gift it to someone
- Look for a timeshare attorney
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Read the timeshare documents:
If you recently purchased the timeshare property, go through the contract properly and check all the points mentioned. You will find the cancellation period mentioned in the document. The cancellation period is usually around 5 to 7 days. It is calendar day and not working days, so take a quick decision as you won’t have much time to cancel the contract. Again it depends on state to state.
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Write a letter to cancel the timeshare contract:
If the cancellation time is not completed, write a letter to cancel the timeshare contract and send the letter via certified mail. Keep a copy of the letter and timeshare contract for records. You need proof that you have canceled the contract in the given time. If they accept the letter and cancel the timeshare contract, you will receive the amount in 15 to 30 days.
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Sell it in the resale market:
You can sell the timeshare property in the resale market; however, it is difficult to sell as people prefer to purchase directly from the developer. The resell law differs from state to state. Consult a professional timeshare resale company or a broker to understand the resell procedure fully.
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Rent out your property or gift it to someone:
If you dont want to resell, you can rent the property to someone and charge a certain amount in return for the timeshare property or gift the property to your family members or friends. Ensure you don’t miss the maintenance fee and pay them on time as it will go as default and defaulting on a timeshare will affect your credit. The timeshare company will take back the property, affecting your credit score.
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Look for a timeshare attorney:
If the cancellation time has got completed, you still want to cancel the contract. It will be difficult for you to manage on your own. Find an experienced attorney who has handled such timeshare contracts previously.
How to write a letter to cancel the timeshare contract?
If you want to cancel the timeshare contract, ensure you mention all the details clearly and write the reason for the cancellation in short and simple words. Follow the below steps to write the letter to cancel the timeshare contract.
Steps to write the letter to cancel the timeshare contract:
- Write your name as mentioned on the timeshare contract with your active phone number, address, and valid email address.
- Mention the timeshare company name and the contract number – in the case of the Pueblo Bonito Timeshare Contract, check the Legal name of Pueblo Bonito in the documents.
- Purchase date and a short explanation of the timeshare property.
- Write a statement that you want to cancel the contract.
- Mention the amount you paid and request them to return it to you.
Next time you plan to purchase any property, go through all the documents and think twice before deciding. The above are the Top 5 Tips To Cancel Pueblo Bonito Timeshare Contract; ensure you follow the procedure to avoid trouble.
