Their annual timeshare maintenance fees tripled. Timeshare insurance should have covered the damages by hurricane Irma. Do I have to pay the higher fees? Do I have to pay special assessments? What are my rights as a timeshare owner? I need answers. Expert advice from timeshare veterans.
Once they put a lien on your timeshare they can foreclose as soon as the Declaration of Covenants, Conditions, and Restrictions allows them to. The timeshare management company will file a lawsuit against you
average timeshare maintenance fee in 2005 was $471. The average in 2016
timeshare owners pay maintenance fees every year to keep up the facility so that large repair projects are avoided
Lots of older timeshare resorts are not part of large development companies. Smaller timeshare resorts often do not have the advantage of an established business model of financial accountability. Some do. But those that do not have set themselves up for problems.
The Florida Vacation Plan and Timesharing Act is before the state legislature of Florida for some changes.