Hi There, please can you explain to me what are timeshare maintenance fees?
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Dear Brian440,
Timeshare maintenance fees are anual payments that are established and collected by the resort to keep the unit in top condition. The maintenance covers: utilities, site management, cleaning services, remodeling, insurance, taxes…
Maintenance fees are generally assessed by the number of units and weeks in a given resort, along with common areas, facilities, and operating costs.
It is also important to specify that these fees do not remain fixed. Due to changes in the economy, the maintenance of a timeshare changes every year. In some cases, a special charge is added to cover unpredictable operating expenses.
When maintenance goes up to the point that you cannot pay for it anymore, it’s best to nip the problem at the root, and the best way to do that is by canceling your timeshare contract. If you are not happy with your timeshare and you are struggling to pay for maintenance, contact us and get a consultation to discus your situation and free yourself from such costly maintenance.