April 7th, 2008, 03:52 PM
| | Junior Member | | Join Date: Apr 2008
Posts: 1
| |  Special Assessment on timeshare in Aruba
I hate to complain about our Aruba timeshare cuz we like it and understand the EVER INCREASING maintenance fees, but what's with the Special Assessment! this was never mentioned when we bought the timeshare and can't find anything about it in our timeshare contract? What is this for and can I fight it?
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April 8th, 2008, 12:18 PM
|  | Administrator | | Join Date: Sep 2005
Posts: 342
| | 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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April 8th, 2008, 03:33 PM
| | Junior Member | | Join Date: Sep 2007
Posts: 4
| | Special Assessments Usually Contractually Binding
Hello, me again. Most timeshare contracts have a clause's that allow either unrestricted increases in maintenance fees or allow for special assessments. Many times both. If memory serves, there was a timeshare resort in St. Maarten that had a lawsuit pending regarding this very subject. I think it was 2002 or so...I will see what I can discover and let you know.
Charles
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April 9th, 2008, 11:57 AM
| | Junior Member | | Join Date: Apr 2008
Posts: 1
| | the atrium timeshare resort in sint maarten
I think you may be thinking of the Atrium Resort managed/owned by Festiva. the timeshare owners there have been involved in a lawsuit over increases in maintenance fees and special assessments.
the owners have even got their own website to communicate about this and other matters-- Atrium Owners Association |
April 9th, 2008, 12:08 PM
| | Administrator | | Join Date: Sep 2005
Posts: 342
| | Atrium Resort / Timeshare - overbilling error & settlement?
Thanks to all for th great information, so far. A quick item I found at the Atrium Owners Association timeshare website. Here's a couple selections of the quotes and info I found on the on the site:
From the Atrium's lawyer Quote: |
...informed his client to stop the billing...
| & in another area: Quote: |
...this means is that Festiva again has made a billing error with the litigants under the agreements in place.
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Last edited by TAI_Staff; April 9th, 2008 at 12:13 PM.
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