Special assessment

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Original Message:

Re: Special assessment (by Rodney E.):

traveler wrote:
Their are reserves to cover upgrading the units and the common areas. Keep in mind that we are part of a hotel and I believe major changes to the common areas are depentent on the hotel as well. They are in the process of removing the hidabeds from the rooms and installing murphy beds in their place. This will be a great addition as the hidabeds were terrible even though they are relatively new. They are going to be heating the pool as a result of installing their own power plant to supply much of the electricity for the complex. If and when this is complete, possibly late 2007, we sholud see a reduction in our utility expense in years to come. If you bought your unit from Marriott rather than a private party, I would ask them why you were not notified as to the special assessment(s). I believe by law they are required to disclose all those facts. You might be able to pressure them into some concessions? If you bought from a private party, even though they may still be required to disclose, chances are that there is little recourse. Either way, if this something you feel wronged by, I would suggest that you obtain legal advise. Even though we have had a number of complaints over the years, we have never traded our unit and use it virtually every year. It is still one of the very best time share properties out there. We also believe that Kauai is the best place to vacation that we own two other time shares on different pats of the island. Look forward to hearing from you and maybe meeting on Garden Isle.
Trying to get some concession from Marriott, since we bought through them, and our "dusclosure statement" is absolutely blank as to maintenance fees and assessments. We bought in November and were told the maintenance fee would be about $600 (half of the $1200 for an ebery other year). It turned out to be $1800, with maintenance and special assessment for 2006 and maintenance and BIG special assessment for 2007. But you're right, the place and the island are the best. We've stayed at the hotel and rented in the past which is why we decided to buy, and we'll probably use it ourselves rather than trade. We have a Hyatt in Key West that trades quite well.