Are there limits on how much maintenance fees can increase to?
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Dear Stacey J,
The Maintenance Fee clause in a Timeshare agreement is the “Trojan Horse” hidden away in the small print, which allows the Timeshare Group/Resort to change (i.e. increase) the Fees at their discretion.
Unfortunately, because you have signed a contract agreeing to this and, whether you realised it or not at the time, you are legally obliged to pay these fees throughout the full term of your agreement.
This situation is all too tempting for many timeshare groups/resorts, who have become used to simply pushing the Fees up year on year – and this habit shows no signs of stopping. There are exceptions of course but, as a general rule of thumb, it is estimated that timeshare maintenance fees double every 10 years. Therefore, if your Fees were £400 per year in 2006, they are likely to be around £800 per year in 2017 and would be £3200 per year in 20 years’ time.
If you want to get rid of this expensive fee every year, do not doubt that timeshare.lawyer are the right professionals to help you and to free you of that burden.