Maintenance Fees

In reviewing the financial statements on our time shares, I noted a charge to the Condo Association for "bad debt". On calling two different time share companies, I was told that this was the maintenance charges for people whom have not paid their fees, or are in default on their time shares. I thought this may be what is was for, however; I wanted them to tell me that. My initial request was due to the fact that our maintenance fees have more than doubled in the last four years with no real changes noted due to the down turned economy. So my question is: If we are paying a percentage of the overall maintenance fees that are in limbo, that would mean that we are paying on someone else's time; therefore shouldn't we be getting credited in time share time for the extra fees we are paying? There is no statement in the annual documents that clearly shows amount of actual deliquent time, money taken in by unit on re renting, or cost reductions concerning management fees, custodial fees, etc . If you are not able to rent a unit for down time, there should be minimal custodial charges on it. I do feel that all time share owners have a right to extra time if they are being required to carry the burden of other time share unit fees. Will the fees go down once they acquire the unit from forclosure and sell it again or put it out for continual rental? Thanks

Marilyn V.

marilyn360 wrote:
In reviewing the financial statements on our time shares, I noted a charge to the Condo Association for "bad debt". On calling two different time share companies, I was told that this was the maintenance charges for people whom have not paid their fees, or are in default on their time shares. I thought this may be what is was for, however; I wanted them to tell me that. My initial request was due to the fact that our maintenance fees have more than doubled in the last four years with no real changes noted due to the down turned economy. So my question is: If we are paying a percentage of the overall maintenance fees that are in limbo, that would mean that we are paying on someone else's time .....

Exactly .... paying owners have to take up the slack for the deadbeats (non-paying owners).

This is also due to the socalled LLC and bogus charities that take timeshare titles but have no intention of paying yearly maintenance fees merely letting the timeshare go into foreclosure. As they say, "they don't give a damn" if other owners are then held financially responsible for their scam. They should all be outlawed and shut down.

R P.

This is why Jayjay and I have been calling out the scam charities that claim to hold onto timeshares for three years without paying maintenance fees. This is the some of the hardships they cause. Keep up the good work Jayjay.

Don P.