A Guide to Timeshare Management Fees

You’ve been approached by a timeshare company, and you are interested in what they have to offer, but the only thing holding you back from signing a contract is the management fees. You don’t completely understand them and don’t want to sign a contract without learning more about them. You could be trapped in paying an outrageous amount of money in the future and have heard horror stories about timeshares before. But don’t worry, here we have detailed what management fees are, how they can rise and how you can overcome any issues or even tackle an unfair increase. Fully understanding a contract before you sign it can guarantee you know exactly what you are paying for how much it can legally rise according to the fine print.

Take the time to read the following to ensure you aren’t cheated out of money you weren’t told you had to pay and to also clue yourself up on how to catch out sneaky timeshare companies who take more money than they are entitled to.

What Are Timeshare Management Fees?

Management fees are collected by the timeshare company to help maintain the resort or property, pay insurance and utilities as well as purchase appliances and furniture to refurbish the property. The fee can vary depending on resort facilities, size and type.

Often, the prospect of percentage increases in management fees is detailed within the contract and is something the customer should be aware of before signing. This will help prevent any nasty surprises down the line when fees are increased. However, if the percentage increase exceeds what is stated in your contract, then you should and could take action.

Another popular question concerning fees is whether or not you can be charged more depending on what weeks you occupy the property. All timeshare holders of your property pay the same fee, and these are pooled together to cover costs. Regardless of week or season, your fees should be the same.

What if I Don’t Trust My Fees?

If you think that there is something wrong with the management or an increase that seems unnecessary, then you have the right to ask for a breakdown of how your fees are spent. Then you can judge yourself whether or not these charges are necessary. However, problems may occur if your timeshare company refuses to give you this information. This can lead to suspicion, and you should try to investigate further and even seek legal advice if they still refuse to let you see the fee breakdown. Make sure everything is in writing, especially your information request whether this is pen and paper or over email. This can be evidence if the matter should escalate.

What If I Am Dissatisfied With My Timeshare?

If you are dissatisfied with the quality of your timeshare, despite the management fees you are paying, then there are actions you can take. Make sure you take photos of the condition of the property before and after your use to compare them to subsequent years. This can be evidence when asking where your fees are spent, as you cannot see an improvement in the property. If your fees are increasing, but the quality of the property has remained the same or decreased, you can then argue that you are being unfairly charged. If this problem turns into a court case, you need as much evidence as possible. Take photos of the good and bad and make sure they are dates and organised efficiently.

What Should I Do If I Cannot Afford To Pay?

You are contractually obliged to pay your management fees every year. So, if you stop paying you will build a debt for which people will attempt to collect from you. You can even be charged missed payment fees as well as interest. Therefore, stopping your payment should be a last resort or else your fees will go up. You should pay your management fee before speaking to a timeshare legal expert about finding a way out of your unaffordable contract.

However, if you don’t have any money to pay for your management fees, then you should consider writing to the resort with an enclosed breakdown of your income and outgoings as proof. This isn’t guaranteed to get you out of your contract, but it may buy you more time to find more money. If you can offer a partial payment, this may also help you gain more time as show you are willing to pay.

But, if you are certain there is some wrongdoing on the resorts side, holding back your payment may be beneficial. However, before you do this make sure you have a case, otherwise you could be forced to pay it and further fees.

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Once we receive your request one of our highly skilled advisers will contact you to find out more information about your situation. All of our advisers have detailed knowledge of the timeshare industry and will be able to advise you on what your options are.

We will assess your situation and provide advice on whether we believe your timeshare was unlawfully sold to you. We will also provide advice on whether there are potential grounds for compensation against the timeshare company.

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