Maintenance Fees Out-Of-Sight
Post reply
Original Message:
Maintenance Fees Out-Of-Sight (by Michael A.):
Looks like Hurricane Katrina hurt a whole bunch of people who haven't been counted. My maintenance fee at the Sands Beach Club in Myrtle Beach has increased from $462 annually to around $650 for 2007 to cover wind damage caused by hurricances. That's a roughly forty-five percent increase all at one time and without much notice. This dramatically increased maintenance fee is no doubt legal, but may drive some of us out of waterfront timeshare or interval ownership. Does anyone know whether this is a pattern up and down the east coast and whether the fees will be reduced after the insurance companies recoup their money? (HA)