Maintenance and Fees

Maintenance Fee

The maintenance fee is an annual charge that goes towards the upkeep of your timeshare. Your maintenance fee usually covers property taxes, insurance, utilities, cable, telephone and all property upkeep, such as furniture, carpet and the resort's common facilities. The resort's Homeowners Association usually decides upon the fee.

Transfer Fee

A transfer fee is what resorts charge to transfer the ownership from one party to another. This fee applies directly to resale timeshares. Transfer fees are determined by the resort and vary.

Recording Fee

As in all deeded properties, the recording fees are the nominal costs associated with the county from which the deed is being drawn. It is the county to which the timeshare resort is located.

Assessments

If a resort's maintenance fee does not have a built in reserve fund for replacement and or major repairs, the timeshare homeowners association may reserve the right to charge a special assessment in the event improvements or repairs are required.