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5 Things You Should Know About Timeshare Maintenance Fees

There's nothing worse than signing up for a service and later finding hidden fees that significantly increase the cost of the product. That's how timeshare consumers feel after watching their annual maintenance fees increase yearly. It's not always typical for a timeshare company to go over what these annual fees cover. To get a better understanding, here are five things every owner needs to know about timeshare maintenance fees:

1. Maintenance Fees Cover Resort Renovations and Upkeep

"Taxation without representation" is an adage that dates back to the American Revolution. Yet, some timeshare owners feel it's still very relevant for their payments on maintenance fees. Many owners have no idea where their money goes when paying their maintenance fees. So just how are these fees used?

These annual fees help keep the accommodations around the timeshare property up to date in many cases. That may include certain facilities like a golf course, pool, spa, or tennis court. In other instances, resorts use maintenance fees to help pay for utilities and upkeep around the vacation property. It could be certain things like relevant tools, pool equipment, adequate lighting, or safety equipment. Lastly, some resorts will use maintenance fees to renovate units. While this is probably the most beneficial use of timeshare fees, it often withholds owners from booking availability due to the time it might take for renovations.

It's never fun owing money when you have no idea where it's going or how it gets used. A timeshare management company should be transparent with potential buyers. If they're not, be sure to ask the question as to where your maintenance payments go. It will help you better understand the price and why it could change in the future.

2. Missing Maintenance Fee Payments Can Hurt Your Financial Status

Buying deeded timeshares is no cheap task at their purchase price alone, not to mention the thousands of dollars you might pay in hidden fees. Like any other significant finances, if you miss a due date for a maintenance fee payment, you could be penalized with a late fee, or even worse, your credit score could take a hit. Many owners don't view these annual fees as of the same importance as their timeshare mortgage payments, but since timeshares are considered real estate, evading these assessment fees could penalize you in the same way. Let's look at what would happen should a timeshare owner decide not to pay their maintenance fee.

After you miss your first payment, the timeshare developer will usually make a collection effort. Resort staff typically reach out by phone, email, or letter at this stage. After a few unsuccessful attempts, they will take things a step further by handing over your case to a collection agency.

That's when your credit score could potentially take a drastic hit and hurt your financial capabilities moving forward. That is why it's crucial to find a cancellation service that offers credit repair after your termination. You'll want to remove any negative impact on your credit report that could withhold you from obtaining new financing such as a mortgage, home equity loan, personal loan, or even a new car

While a foreclosure can result from avoiding payments, it's important to remember it differs by state or country. So depending on the location of your property, this stage could move slower or faster than normally expected. A foreclosure can be hard to bounce back from. Therefore, it's essential to be informed about these terms within your agreement.

Everyone forgets to miss a payment now and then, but purposefully avoiding payment for an extended period of time only ends in heartbreak. However, you should note that it's always the owner's decision to stop making payments in the end. No other party represented can be held accountable for the halt of your timeshare payments.

3. The Price of Maintenance Fees Tend to Vary

If you're somewhat new to the timeshare industry, you're probably wondering, "How much do maintenance fees cost?" This type of information does not always get covered in a timeshare presentation. They can range from a couple of hundred dollars on the cheaper end to a few thousand dollars on the expensive end. It depends on a list of important factors:

  • Type of Property
  • Type of Amenities/Attractions
  • Resort Location
  • Size of Unit/Room
  • Type of Timeshare Agreement

The most common place to find timeshare ownership is within a resort vacation club. Resort services are generally more expensive due to management companies having to handle other expenses like employee wages, upkeep of hotel rooms, and the overall satisfaction of a community.

While it's hard to calculate the exact price of your annual maintenance fee, one thing is almost sure–the price will increase with all future vacations.

4. Maintenance Fees Always Increase Over Time

The timeshare business began invading vacation time in the 1970s. Ever since then, maintenance fees have been on the rise. However, this does not change the sudden shock for many people. At the start of every year, owners will head to their mailbox and find an invoice from their timeshare resort. That's when the frustration sets in. The couple hundred bucks from last year's timeshare fees now cost more than double. So why do these fees always increase?

There are a few factors. One is inflation. Like how coca-cola used to cost $0.25, maintenance fees have to match the price of the economy in general. The other main factor in play here is competition. With each resort battling for attraction from vacation-goers every trip, the timeshare price will only increase. When you get into sales tactics from these so-called timeshare experts, this also comes into play. A timeshare salesperson is quick to tell you about the benefits but conveniently leaves out the fact that your annual fees could increase. They also often fail to mention what happens to your maintenance fees once you pass away.

5. Your Beneficiaries Will Have to Pay These Fees After You're Gone

Leaving behind debt to your beneficiaries is something no one wants to burden their loved ones with. Still, owners have no idea that their management companies likely already included this in their agreements. There's no worse feeling than knowing that once it's your time to move on, your offspring could inherit something they have zero interest in – being a timeshare owner.

Timeshare debt is worse than your average inherited debt because the maintenance fee isn't going anywhere. After you pay it off, it sits and waits to pop right back up the following year. Therefore, many people explore other vacation ownership options that don't involve these discomforting conditions.


There's a reason maintenance fees carry such a negative connotation. Whether it's their skyrocketing price or the fact that they are neverending, many owners feel indifferent toward these fees. That's what leads many people to start looking for a way out of their timeshare.

While certain timeshare companies might encourage you to venture into the timeshare resale market, contacting a timeshare cancellation team is arguably the best way to remove such a burden. There are numerous companies with many different ways to get out of your deal, but keep in mind that some exit teams can be fraudulent. Be sure to look for a company that has a reputable process approved by review sites like Better Business Bureau Trustpilot Best Company. You also want to make sure that you find an exit team that offers a 100% money-back guarantee.

One timeshare exit company that meets such standards is Wesley Financial Group, LLC*. These cancellation experts have a resume full of client successes, not to mention a money-back guarantee program, making them one of the most trusted in the industry. If you want to get out of your agreement and feel your timeshare company has wronged you, contact the team at Wesley Financial Group, LLC today.

*Wesley Financial Group, LLC, and its affiliates, successors, or assigns are not lawyers or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and not intended to substitute for professional advice, legal or otherwise.

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