Timeshare agreements contain a "perpetuity clause", which means forever. You may think that this perpetuity clause ends when you die, but this is actually not the case. Timeshare perpetuity not only requires you to pay the costs of owning the timeshare for the rest of your life, but also after you pass away. In other [...]
The statement “timeshare owner” gets thrown around quite a bit. The truth of the matter, however, is that timeshare owners really do not own anything. A timeshare contract is nothing more than a debt liability. So the question becomes, why are timeshare debt liabilities ever viewed by consumers to be assets? The short answer is [...]
A special assessment can be quite the shock for timeshare owners. The full extent of your financial obligations as a timeshare owner are not always realized when signing on the dotted line. It is not unless you read “The Resort Documents and Declarations” that you would be aware that the HOA has the legal right [...]
Maintenance fees are an often overlooked aspect when signing on the dotted line of a timeshare contract. Timeshare Maintenance Fees are in place to cover the everyday costs of operating the resort where you bought your timeshare. These fees are split up amongst all of the owners of that timeshare resort. It is important for [...]
