 Timeshare Special Assessment Definition
Thanks for the question, fcats2.
A 'Special Assessment' is a fee over and above the timeshares annual maintenance fee assessed by the timeshare resort and/or developer to it's interval owners. When assessed, this fee is intended to defray expenses related to major repairs and refurbishing of the timeshare resorts equipment, facilities, and the timeshare units.
I will have to research a bit more to find out whether you can fight these special assessment fees, but I sincerely doubt it. I will post my findings ASAP and I welcome other timeshare owners or forum visitors to share their opinions and experiences in this regard.
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