Original Message:
ask-redweek-manhattan-club-settlement-owner-payouts (by Michael C.):
One of my tow Manhattan Time Shares is due for renewal on 11/18/17. On 10/02/17 I received a letter from the Manhattan Club stating that a payment must be sent "to avoid any interest or late fees being applied to your account. The additional fees would consist of 16% interest being applied to the Timeshare charges in the amount of $347.86 along with a $50.00 late fee bringing the total amount due to $2,774.51" Since there is no indicated final payment date, can I assume these penalties will be assessed after the renewal date? If I elect not to renew, I realize I cannot use the contract to book any rooms, but why I should pay maintenance fees on a room that I am not using? I have had these 2 contracts for approximately 16 years+. It appears that no consideration is being given to .owners before 2014.