Timeshare maintenance fees are exactly what the term suggests: the sums of money collected by the timeshare management company for the maintenance of the property. The fees usually include not only the costs of actual repairs and upkeep, but the costs of refurbishing the property, of buying household appliances, various taxes and insurance premiums as well.
Like it is the case with any type of the fee that you pay, you should keep up with the maintenance operations performed on your timeshare to avoid unnecessary costs or mortgage issues. Do not pay the maintenance bills automatically – read them and understand them, think about the items that are included in the bill. Check the value of the bills, too – if you see any increases that are not unjustified by the terms and conditions stipulated in your timeshare contract or items that you don’t agree to pay for, contact your timeshare management company and inform them about the issue, but do so before the payment deadline. Be aware that in many timeshare agreements, the property management company reserves the right to modify the maintenance fees payable by the owner of the timeshare, what’s more, many contracts allow the management company to do so without having to notice the owner in advance, so the best way to stay on top of timeshare maintenance fees is to negotiate the right terms upfront, before you sign the contract. If you want to get out of your timeshare contract contact Timeshare Termination Team for help.