RTU vs Deed Sales

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Original Message:

Re: RTU vs Deed Sales (by Lance C.):

Right to Use (RTU) gives you just that, the right to use it. It's not a real estate deed so technically, you don't own any property. Most units in Mexico are RTU due to a Mexican law that restricts the amount of real estate foreigners can own. Deeds are like your house and are real estate.

If you want to get rid of it, you should first make sure that you are up to date on your mortgage and maintenance fees. Once you do that, you can contact the resort and ask if it will take your unit back or cancel your RTU contract. The resort might ask you to pay the next maintenance fee.