Post reply
Original Message:
Re: Maintenance Fees (by R P.):
I admit that maintenance fees are needed to keep a resort in good condition. My problem is the amount of some maintenance fees for one unit X 51 owners (one week is set aside for yearly maintenance). Say your maintenance fees are $700 (a year) X 51 (owners) = $35,700 a year just for one unit. I realize that includes maintenance of the entire resort, but that seems exhorbitant to me.
Also, it seems that high maintenance fees are not enough to cover special assessments for many resorts. In other words some resorts have absolutely no reserves in place for repairs even with the high yearly maintenance fees charged owners.
High maintenance fees (on top of what was paid initially for a timeshare) and special assessments are two of the main reasons we now rent and no longer own.
Also, it 's never revealed that maintenance fees will probably rise each and every year. Many people are in the dark as to that issue when buying for the first time.