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Original Message:
Re: Deeded vs Right To Use (by J r H.):
byronh8 wrote:Thanks guys as you have answered my original question and you're correct that the info was easy to find once I knew it was there for the taking. Originally I was just making sure I wasn't missing something with RTU. I'm leaning towards the Royal resorts if I can find a deal that meets our needs....thanks again
What I have is a deed to ownership at the Royal Haciendas in Cancun. The Resort is 50 percent owned by members and 50 percent owned by the developers. By Mexican law the property has to be turned over in 50 years with the original purchase price returned to owners and a share of the sale profits and the rest to the developers. The other Royal Resorts have a shorter term period and one in particular the BCI has just been renewed for resale. Thanks.
P.S. Each Royal Resort has it's own Board made up of members of the resort and manage the Resort.