Lemon Lion Consulting Discusses Understanding Timeshare Maintenance Fees

Originally published on devdiscourse.com.

 

When you sign a timeshare contract, you are locking yourself into a vacation at a set spot on a regular basis, according to timeshare exit specialists Lemon Lion Consulting.

However, many people who enter into timeshare agreements don’t fully understand that there are timeshare maintenance fees that are charged annually, which can sometimes increase quite substantially from one year to the next.

Below, Lemon Lion Consulting explains the purpose of maintenance fees in timeshare ownership and strategies for eliminating these ongoing expenses.

 

What are Timeshare Maintenance Fees?

Maintenance fees are charges that timeshare resorts assess every year to cover the cost of property upkeep and maintenance. These fees are meant to be paid to keep the property in good shape so that you and other timeshare owners can fully enjoy your stay while you’re there. 

Despite paying these fees, many owners find that the resort doesn’t maintain the property as promised. 

What’s more, these fees are perpetual. They are often contracted to “last forever,” meaning that owners are bound to the financial obligation for as long as they own the timeshare.

Unlike other aspects of timeshares, governments don’t regulate maintenance fees, which allows resorts to take advantage of owners by increasing the fees annually by 5% to 15% without restriction.

 

Can Maintenance Fees Be Eliminated?

Unhappy timeshare owners often wonder whether they can eliminate maintenance fees, especially if they believe the resort isn’t living up to their end of the bargain. Unfortunately, this isn’t really an option.

Since the maintenance fees are tied to the timeshare deed, they’re a permanent financial obligation that can’t be eliminated. Even when the mortgage is paid off, resorts still have the right to refuse to transfer the deed to another party, which keeps the maintenance fees with the property.

 

How to Deal with Maintenance Fees

So, what are timeshare owners to do if they’re struggling to pay for property maintenance fees? 

Lemon Lion Consulting says there are a few options.

A good idea is to start by contacting the resort directly and see what options might be available. You might be able to negotiate a reduction in these fees or explore a deed reversion.

When searching for ways out of maintenance fees, avoiding scams is important. Timeshare owners must be very cautious of companies or individuals who offer to take over their timeshare without involving the resort. Doing so could lead to major issues with the resort ownership and unresolved maintenance fees.

Instead, work with a reputable timeshare cancellation firm such as Lemon Lion Consulting, which can help negotiate with resorts to relieve owners of their timeshare and associated maintenance fees.

 

Consider More

People considering purchasing a timeshare should carefully consider that maintenance fees are a long-term financial commitment that could increase substantially year-to-year without any real check.

If you’re already a timeshare owner and are struggling to pay for these fees, it’s essential to seek professional assistance only from reputable firms that have years of experience working with timeshare resorts.

 

About Lemon Lion Consulting

Founded by paralegal and business owner Soraya Leon, Lemon Lion Consulting has been helping clients successfully exit their timeshare contracts since 2017. With a team of experienced exit specialists and a 100% guarantee, Lemon Lion Consulting has assisted countless individuals and companies who desire relief from their timeshare contracts.

 

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