How to Know if You Need Timeshare Contract Cancellation Services

How to Know if You Need Timeshare Contract Cancellation Services

Coming to the realization that your timeshare isn’t ideal can be taxing. When the anticipation of timeshare ownership is met by inopportune availability and unexpected expenses, many timeshare owners begin to immediately regret their decision. Something that was once viewed as an escape-haven can easily turn into an unreachable mirage that’s gotten more vague as time has gone by. Once you become conscious of the resort’s disinterest in resolving your issues, it’s easy to turn to timeshare relief companies for direction. While this may seem like the right thing to do, thousands of timeshare owners are misled and once again invest in something that doesn’t provide the return they expected.

Over the years, we’ve talked to a good number of timeshare owners regarding their unfavorable situations. Some aren’t contractually obligated and others have sadly doubled down on their commitment to pay. In the first scenario, our services aren’t needed. In the second, your ability to cancel is slim to none. Whichever category you fall under, we want to help you find the best solution. If you’re unable to determine your need for timeshare contract cancellation services after reading this article, you can always schedule a free consultation to review your situation. If another way out exists, you can bet your bottom dollar we’ll point you in the right direction before proceeding to cancel your agreement.

Do You Need to Know How to Get Out of a Timeshare?

If you’re skeptical of “free consultations” – that’s OK, we totally understand. In order to help you avoid pitfalls and know what to do next, we wanted to highlight certain scenarios that either limit or benefit your situation. If you’ve read this far, then you’re more than likely looking for a way out of your timeshare. Although we’d love to continue telling you about our company values and what we stand for, let’s take a look at some of the situations that eliminate the need for timeshare contract cancellation services.

1. All Parties Are Not in Agreement.

Sometimes, a desire to get rid of a timeshare has nothing to do with the property itself. If there are multiple owners on the contract, there is a possibility that everyone invested won’t agree on what to do with the timeshare. While joint-signing can be financially beneficial, it can also cause a little tension. When other owners seem to always get the best dates, remaining parties normally become frustrated with the expense. This can become even more troubling when the resort is favoring retail reservations, limiting availability altogether.


Similar to banking, if a joint account was being closed, all signers need to be present to sign off. Those looking to waive their obligation have to rely on remaining parties to process the proper documents to transfer ownership. There is always a chance you can persuade each party by executing a quitclaim process. But, agreeing to pay more because another owner wants out isn’t going to be very persuasive. Although they can always add another owner, it doesn’t mean they’ll file the necessary paperwork to help you out.

If they’re unreachable or straight up refuse to cooperate, then it’s probably time to start weighing realistic options. Although canceling the timeshare contract may benefit you, the perpetual agreement you signed isn’t going to work in your favor. Ignoring your requests might be their way of telling you tough luck. These types of situations can get a little complicated when co-owners are married. Unfortunately in our country, a good number of marriages end in divorce. If one party wants to hold on to the property and uphold the other’s responsibility to pay, then the chances of canceling the contract are next to none.


Whatever the conflict is, it’s best to try to be proactive with your booking attempts. This will at least help you get the dates that are ideal for you. If you feel as though other owners are being unfair, then continue voicing your concern. The chances of you working something out are far greater than threatening to pursue timeshare cancellation services.

If negotiating becomes a lost cause then at least get some value out of the timeshare. You can always rent out your weeks or simply pay exchange platforms (Interval international, RCI, etc..) to book your desired dates. If you decide to walk away from the timeshare by refusing to pay then you have to be prepared to face serious repercussions. Late payments can (and in most cases will) lead to negative credit reporting, judgements, 3rd party collections, tax hits on the defaulted amount and even foreclosure. Timeshare ownership isn’t a travel club membership. Legitimate penalties can occur if you let your emotions get the best of you. Either way, an inability to come to an agreement eliminates timeshare contract cancellation from the equation.

2. An Authorized User Cannot Request a Cancellation.

If you are not the person who is financially responsible for the timeshare contract, then you’re legally unable to make any type of cancellation request. You have to understand that the resort is going to do everything they can to make the break difficult for you. This is true even when the owner is physically unable to pursue a resolution with the timeshare company on their own. Situations like these tend to involve authorized users or children of the owners (relatives or those that may eventually inherit the property) that are trying to help the owner get rid of their timeshare expense. It can feel like a hopeless situation for those aware of their fate.


Unless you add yourself to the financial obligation, the timeshare company will balk at your requests. But be careful how you approach this. Adding yourself to the contract can be extremely risky. If you become an owner and you’re unable to find resolve, sell or successfully cancel the timeshare contract then you’re agreeing to the contract terms for good. Evaluate the outcomes before committing to something that may seem necessary or worthwhile.

3. A Pre Existing Litigation Has Occurred.

Upon receiving a qualification form, one of the first things we need to be made aware of are current and previous court proceedings. Some timeshare owners decide to pursue resorts with a hired attorney. Although litigation can be an extremely costly and lengthy process, it is one way to open the door to negotiate a settlement with the timeshare company. A settlement can be reached if the resort finds it in their best interest to find common grounds outside of court as opposed to spending money on a legal battle. At the end of the day, it’s going to take a lot for them to take your claim seriously.

If a settlement is obtained with a legal council, make sure you fully understand what you are agreeing to. In other words, don’t get too excited until you’ve analyzed the offer. Try to identify any waivers that aren’t beneficial to you but favorable to the resort. While hiring legal counsel to file suit may be compelling, a lack of evidence can be damaging. If you don’t win, it will most certainly complicate or limit your options in hiring a legal timeshare termination service.


4. Settlements Can Void Cancellation Efforts.

Many timeshare owners aren’t aware that an attorney doesn’t have to be involved during negotiations with the resort. Sometimes, owners feel as though they have enough leverage to force the resort to settle. Many realize that filing complaints is getting them nowhere and they want to take a more aggressive approach. Others have simply gotten in over their heads. The cost of a timeshare can be unbearable for those that have invested in upgrades to acquire the experience they initially budgeted for. Over time, they realize owning a timeshare isn’t feasible and something needs to get done.

Unfortunately, financial hardships give many owners no choice but to settle. Desperation is a dangerous position to be in. Aside from the timeshare cancellation industry being riddled with predatory agencies, resorts know how to take advantage of vulnerability too. Signing legal waivers on top of your current contract gives the timeshare company all the leverage they need. When you think about it, they’re not really doing you a favor. They’re simply locking you into an additional obligation to pay. If you believe they’re eventually going to let you walk, then you should probably check the terms.

5. The Contract is a “Right to Use” Agreement.

Sometimes, timeshare owners are led to believe they’re stuck in a contract that doesn’t exist. Since the timeshare sale never ends, owners have to be careful not to sign additional agreements that override “Right To Use” contracts. These are paid in full and typically don’t require the user to pay annual maintenance fees, assessment fees and taxes on the property. If you’ve reached this point, there’s really no need for you to pursue timeshare contract cancellation services. A “Right to Use” contract has an expiration date and will eventually dissolve on its own.


6. Timeshare Access through Travel Club Memberships.

When it comes to travel clubs, there is absolutely no real-estate involved. This type of association is a membership agreement that gives members access to discounted travel deals. Travel Club owners are more than likely not obligated to pay mandated annual dues, unlike timeshare owners. Similar to a Right to Use Agreement, you may be led to believe otherwise.

There is no fractional ownership liability, property taxes or special assessment fees when a consumer is invested in a Travel Club. Nonetheless, the consideration of timeshare contract cancellation services isn’t necessary. If a Travel Club user stops paying their required annual renewal, their account will simply be closed. There are no repercussions other than the lost initial investment to join the club.

Interested in Timeshare Contract Cancellation Services?

If none of these scenarios apply to you, then it might be in your best interest to start looking into the benefits of legally exiting your agreement. Although there are other factors that may limit your ability to get out of a timeshare contract, speaking to one of our consultants will provide you with clarity on next steps. While selling can be an enticing option, it’s only a matter of time before you realize resale value doesn’t exist. At the end of the day, we want to make sure timeshare owners are exhausting all of their options before pursuing our services.

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Timeshare Taxes and Obligations of Ownership – The Good, Bad and Ugly

Timeshare Taxes and Obligations of Ownership – The Good, Bad and Ugly

Over the years, we’ve spent a lot of time trying to better understand the needs of timeshare owners. Doing so has improved our ability to consult disgruntled owners with different frustrations. It has also allowed us to help potential buyers fully grasp what they can expect after purchasing a timeshare. Labeling failed ownership as an epidemic in our country might be a bold statement, but far too many fractional owners are experiencing buyer’s remorse. No matter what their disappointment entails, a majority of complaints surround a lack of clarity or misleading information during the sales presentation.  

If you’ve ever been to one of these presentations, then you might understand why so many people overlook the details of the contract they’re signing. The giveaways, promises, testimonials and possibilities can easily distract consumers from what they’re really signing up for. Many don’t realize a timeshare contract is eerily similar to a home mortgage. The problem is, contract obligations aren’t at the forefront of timeshare sales strategies.

Learning About Additional Expenses the Hard Way.

Once a timeshare purchase has been finalized, it’s common for new property owners to spend a good amount of their time planning their timeshare vacation instead of revisiting the details of their perpetual agreement. Unfortunately, many learn about the vague obligations of timeshare ownership as they go. While pursuing an explanation (or even some restitution) might seem like a priority, the timeshare company isn’t necessarily required to detail the specifics of your contract for you. What you can expect is a sales pitch to upgrade your experience in order to make your contract revelations worthwhile.

is your timeshare worthwhile or do you need to cancel you agreement for timeshare tax laws

Finding Answers to Timeshare Tax Questions with VOC.

Since the chances of receiving satisfactory answers from the resort are slim to none, we want to make sure you’re able to gain clarity on your current situation. While the realization of annual costs and special assessment fees can be a complete bummer, there is some silver lining when it comes to timeshare taxes. With that being said, let’s take a look at the good, bad and ugly of tax season with a timeshare property.

The Ugly: Taxes on a Delinquent Timeshare.

When fractional owners realize their timeshare agreement isn’t what they expected, their initial gut reaction is to stop paying the resort. Taking a stance and demanding a requital for the inconvenience or misunderstanding is not the best of ideas. Although some smaller operations may be willing to listen and negotiate a resolution, not many timeshare companies are going to conform. In the long run, they know you’ve adhered to a perpetual agreement that locks you in as a fractional owner at their resort. There’s not much you can do or say to relinquish you of your obligation to pay.


Similar to a home mortgage, if a timeshare owner refuses to pay for the property or its included fees then they can face delinquency. The resort is not required to hold your hand during this process and can swiftly move to foreclosure. As you may know, this can drastically impact your finances and credit.

If a foreclosure were to occur, you’ll most certainly need to discuss your timeshare taxes with a certified public accountant (CPA). If you’re wondering where to start, the timeshare company will typically mail a 1099-C form for the “Cancellation of Debt.” It’s the fractional owner’s responsibility to report the occurrence accordingly. Refusing to pay can end up costing an exponential amount of time and money, especially during tax season.

The Bad: Annual Timeshare Taxes on the Property.

Although most fractional owners won’t experience penalties for delinquency, all are subject to pay annual taxes on the timeshare property. Just like personal residences, local governments levy property taxes on timeshares. The tax rate for each property varies, depending on the assessed value of the timeshare. If improvements are made to the resort or the local travel market increases, then tax rates will continue to rise. Some owners are protected from rising costs with a guaranteed fee – but only if it’s a perpetual guarantee.


Having to pay annual timeshare taxes can be surprising when owners were only aware of the monthly mortgage cost. It can also become financially draining when coupled with other unexpected fees that weren’t initially budgeted for. It’s important for potential timeshare owners to understand that their payment obligation will always include the mortgage, maintenance fees, management costs, assessments, homeowner’s insurance and timeshare taxes on the property. Reviewing the contract will help you determine which of these costs are bundled in your agreement or listed as additional expenses.

The Good: Timeshare Tax Deductions or Write-Offs

Although there is some negativity surrounding timeshare taxation, there are also some perks. Every year, most timeshare owners are able to retain a portion of the overall expense by filing appropriate tax deductions. But prior to counting your chickens before they hatch, it’s important to understand not all unexpected expense qualify for a deduction. For example, timeshare closing costs aren’t usually tax deductible. Either way, you should still work with a tax consultant to add expenditures like this to the total cost of your week for timeshare tax purposes.


Similar to homeownership, property taxes can be an easy write-off during tax season. If a timeshare owner pays some of the property tax, they’re able to write it off as an itemized deduction on Schedule A using a 1098 tax form. The IRS gives fractional owners the right to deduct property taxes based on the actual value of the unit. If you plan on taking advantage of this, make sure you itemize the timeshare in order to claim it as a write-off.

If the property taxes aren’t billed to you directly (or explained on annual billing statements), you may not be eligible for a tax write-off. This is normally true when the entire resort has been assessed and billed as one parcel. In other words, timeshare taxes aren’t being assessed against your individually purchased week so you won’t be able to deduct them. The good news is, there isn’t a limit on the number of timeshares you can claim a deduction for. If one or two aren’t eligible, you can still compile the deductions of additional properties on your tax returns.

Aside from property tax, interest paid on a loan used to buy the timeshare usually is deductible. The tax law allows deductions for nearly all interest expenses that an individual pays on a primary home and one other home. This “other home” can be a timeshare or other vacation residence. If you happen to have mortgages on more than two eligible homes, then you can select two you’d like to use as deductible interest. Remember to revise your choices every year.


What Won’t Fly as a Deduction?

While additional fees may seem like obvious write offs, most expenses will remain expensive. Maintenance fees, special assessments, membership fees and taxes used for resort improvements cannot be itemized as deductions. Even exchange fees are treated as personal expenses and not deductible. If you plan on deducting homeowners insurance, then you’re going to need to prove that you’re generating rental income from the property. If you’re unsure of anything, it’s important that you always consult a tax advisor to ensure you’re making claims and filing correctly.

Always Research Major Purchase Decisions

Before you buy a timeshare, you should always thoroughly understand the commitment. Although timeshare ownership can be an amazing experience for everyone involved, the unexpected can hinder vacations for years to come. If you’re tired of paying for something you don’t want, we’d love to talk with you about your options. Otherwise, we hope this article gave you a better understanding for timeshare taxes and the obligations of vacation ownership.

Why Resorts Won’t Take Back Timeshare Mortgages or Paid off Contracts

Why Resorts Won’t Take Back Timeshare Mortgages or Paid off Contracts

Dealing with the unexpected tends to be a common theme for those that buy into the timeshare industry.  Aggressive upgrade tactics and surprise revenue streams are easy ways for resorts to make money off of vulnerable travelers that are now stuck with a contract that isn’t benefiting them. Over the past few weeks, we’ve talked a lot about the frustrations regarding assessments and timeshare maintenance fees. These expenses tend to catch timeshare owners off-guard due to a lack of detail during initial sales presentations. When fees become unpredictable and finances are strained, many begin to inquire about the resort’s ability to take back timeshare mortgages or paid off contracts. Once the request is denied and reiterated, regret normally transpires. If you’re reading this and feeling trapped, just know you’re not alone.

The Sad Truth About Timeshare Ownership

Hundreds of thousands of timeshare owners are forced to continue dishing out cash against their will. They’re either left reeling for value or frantically looking for a way out. Although the loss of hope is a common occurrence, it’s important that you don’t act irrationally out of emotion. The repercussions of walking away from the contract only heighten the cost and grief of the purchase.

After talking to thousands of timeshare owners about the possibilities of getting rid of their agreement, we’ve been able to itemize some of their questions and concerns. Aside from their skepticism towards relief programs, many buyer’s don’t understand how they’ve gotten into the situation they’re in. A good number of them simply want clarity on what’s actually transpiring and what their realistic options are. It’s difficult to comprehend why the resort won’t let them give back the timeshare so they can sell it to someone else. Especially when the timeshare owner has spent thousands of dollars towards a less-than-stellar experience that was rarely used.


The Disheartening Reality of Timeshare Companies

Unfortunately, a large percentage of timeshare owners seemingly forget that they signed a perpetual contract with obligations to pay the resort consistently. If you ask any organization, residual income is the foundation of the business. Moreover, timeshare companies specialize in selling shares and upgrades, not re-allocating them. Once you’ve agreed to terms, there’s no incentive for them to relieve you of these obligations.

Customer service representatives are basically sales teams that are incentivized to persuade you to spend more. They’re not trained or encouraged to help you get out of a timeshare contract. Even after your mortgage is paid off, they still lean on your annual fees for consistent profits. You’re nothing but a number to them. Understanding this from the get-go is important.

When timeshare owners communicate their intent to cancel the contract, all they’re doing is initiating the preparation of a sales pitch or legal battle. When you think about the situation, the resort has all the leverage. What makes you think they’re going to cave because you wrote a bad review or challenged their integrity? All they have to do is point out the terms you agreed to. Your pursuit of justice is essentially laughable to them at this point.


Acknowledging this reality can be difficult for many. Trying to make sense of it all on your own can be extremely discouraging. It goes to show how rewarding our timeshare cancellation services can be. Either way, educating yourself on the reasoning behind your experience will help you better understand what your options are. But, before you decide to move forward with a timeshare exit company, let’s talk a little bit more about why timeshare companies won’t take back timeshare mortgages or paid off contracts.

1. More Fractional Owners = More Residual Revenue.

It’s important that timeshare owners comprehend the competitiveness of the travel industry. It’s extremely cut-throat and everything is predicated on anticipation. Planning and contingency is valued because cancellations are frequent. At the end of the day, this is why the timeshare model was created. When resorts are able to guarantee revenue streams, they’re able to hike up prices during premier seasons and maximize profits when availability is limited. If you own a timeshare, you’ve probably already experienced booking frustrations because of this.

If timeshares took back properties that buyers were disappointed with or disinterested in, their ability to profit would drastically decrease. Locking you into a contract with annual maintenance fees allows them to cover their costs while focusing on margins. If retail occupancy is low, the resort can always count on fractional owners that pay like clockwork, annually. When damage occurs, they’re able to spread out costs through assessment fees.

The more timeshare owners there are at the resort, the easier it is for them to cover unexpected expenses and other development costs. If they voided the contract of every unhappy owner, they’d end up with more unhappy owners that would want the same. Since most timeshare owners experience some sort of frustration after the purchase, it’s easier for them to point to the terms instead of refunding regret. We can assure you that canceling recurring revenue and investing more money into sales is not ideal for timeshare companies.

Smaller corporations value recurring revenue more because it’s what’s keeping the operation afloat. Any type of set back risks the chance of filing bankruptcy and the entire thing sinking. It they keep throwing out life vests to everyone that wants to jump ship, it’s going to be extremely difficult to stay above water. The last thing they want is to spend thousands of dollars acquiring new fractional owners only to allow their guaranteed revenue streams to walk away.

2. Timeshares Spend Exorbitant Amounts on Acquisition

When it comes to understanding why resorts won’t take back timeshare mortgages or paid off contracts, you don’t have to look far for a comparable example. Think about how much work goes into closing on a house. Although the timeshare sales process isn’t as extensive, resorts put a lot of effort into acquiring fractional owners.


In order to acquire new vacation owners, timeshare companies strategically schedule ‘tour’ dates. This means, they provide just enough information to intrigue potential buyers by disclosing little about the opportunity itself. This process includes the development of marketing and advertising gimmicks. A handful of people are generously compensated for their role in creating compelling methods that persuade consumers. The presentation itself is only one small piece of the overall acquisition strategy. If the resort discloses too much when promoting the event, then less people will attend and their closing rate will suffer.

If you apply the planning costs, an individual ‘tour’ (one couple that attends the presentation) costs the resort approximately $1,200. When analyzing the efficiency of the presentation, the closing percentages of one tour is normally around 30-35%. If you don’t have a calculator handy, this means the timeshare company’s acquisition costs per client is at least $4,000. This is just to cover the marketing costs of the tour. On top of all that, they still have to pay hefty commissions to incentivized sales teams around 20% of the sale. To give you perspective, most realtors are lucky to get 3% of a home sale. These overall expenses don’t include overhead to run the sales operation or the cost of a closing gift – which is normally a “free” weekend at the resort, dinner or an activity.

Once you add up all the costs, you can see the resort spends a pretty penny, to say the least. All of these elements work in unison to get you under contract. If they’ve taken all of this time and invested all of that capital in closing you, why would they be willing to take it all back because you’re upset? They worked extremely hard to keep you from the realities of the contract. A lot of people have sold their soul and invested in the commission of your deal. They’re expecting your contract to pay for a lot of costs that went into the marketing strategy and presentation. Most importantly, they’re really looking forward to the ballooned amount you’ll be paying them over the next few decades – or lifetime. Why would they give that all up when they have your signature and all the leverage?

Timeshare Ownership is Just Like Homeownership


When something goes wrong with a home purchase (like a major repair) or you realize the investment is too big, you can’t just cancel the mortgage. If you’re struggling to make payments or decide it’s not worth your while, the bank isn’t going to adhere to your demand to buy it back. The contract you signed is binding and the outcome isn’t going to be favorable. In this sense, homeownership is really similar timeshare ownership. The only difference is, consumers invest time in buying a home while timeshares invest time and money in manipulating you to buy.

If you’re currently looking for a way to get out of your timeshare contract, we’re only a phone call away. Don’t expect to be bombarded by a sales team and empty promises at VOC. We take the time to understand what you’ve gone through and help you piece together a congruent timeshare exit strategy that’s best for you. Feel free to schedule a FREE consultation to learn more or proceed below with our detailed qualification from.

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The Result of Walking Away from Timeshare Maintenance Fees

The Result of Walking Away from Timeshare Maintenance Fees

As we’ve discussed in previous articles, timeshare ownership can be full of unexpected occurrences that don’t align with the anticipated experience. From booking frustrations to surprise assessment fees, the vacation haven can quickly shift from butterflies to a perpetual payment of regret. Not only can this type of expense drain people’s bank accounts, it can damage their perception of the travel industry – and rightfully so. Although it may seem like common sense to pay attention to every detail when planning a trip or settling on a timeshare, many travelers are distracted by potential. Once they become privy of the reality of their situation, it’s normally too late for them to turn back.

When you think about it, preparing for a vacation is stressful enough on its own. Adding additional fees and a lack of availability to the equation can create quite a bit of animosity – towards the resort and at home. Unfortunately, the timeshare industry could care less. If you haven’t already found out for yourself, its overflowing with deceitful promises. Once you think you’re in the clear, something else backfires. No matter how many options there are to find timeshare relief, they all seem to lead you back to the same problem. Owning the property can be quite the drag in this scenario.

Walking Away From Timeshare Maintenance Fees Sounds Good

Many timeshare owners despise the sight of their annual timeshare maintenance fees. They just so happen to arrive in the mailbox during this time of the year. Just in time to spread, I mean kill, some holiday cheer. If money is tight or the timeshare owner is simply fed up with the expense, they might consider doing something drastic. Some might look to make a statement and seriously consider walking away from timeshare maintenance fees altogether.

Whether they’ve paid off the contract or not, they might feel like the value of the purchase isn’t adding up. Dumping the timeshare and it’s fees might seem like a viable option to those that desperately want to get rid of timeshare expenses. Do you find yourself contemplating whether or not to walk away? It’s important that you don’t let your emotions or resentment cloud your judgement on this one. Thousands of timeshare owners have been and will be penalized for this decision.


Why We Care About the Decisions You Make.

At VOC, we speak to thousands of unhappy, disgruntled timeshare owners every year. A good number of them simply cannot afford making payments anymore. It’s a sad truth that’s much more prevalent than most people know. The purchase has been a lot more overwhelming than they ever expected. Helping them find a resolution is important to us – whether they decide to cancel the timeshare or not. At the same time, in order to help them help themselves, we have to make sure they don’t act irrationally. Before you go through with walking away from timeshare maintenance fees, we want to explain what you can expect in return.

Why You Shouldn’t Stop Paying Timeshare Maintenance Fees.

When it comes to maintenance and assessment fees, the amount charged is unfortunately out of the timeshare owner’s control. These costs are determined and governed by a management company (or board) and the transparency is basically non-existent. Although they usually cover property maintenance, operations, budgetary concerns and improvements, a number of “various expenses” typically arise.

Even when timeshare owners don’t agree with the amounts being charged, they’re contractually obligated to cover the expenses of the resort. Almost all timeshare purchases involve perpetual agreements. In other words, they’ve agreed to pay for an infinite period of time. Getting rid of timeshare contracts is nearly impossible as is. If you breach your contract, you can typically expect the following repercussions.

1. You’ll be Refused Reservations and other Options.

When you veer off from the contract requirements, the resort reserves the right to deny your reservation requests. Although this may not apply to those wanting to cancel the timeshare purchase in the past, it’s still something the resort will make sure you’re aware of. If you do decide to book your week, the check-in desk will refuse the reservation due to a contract violation.


Aside from your annual vacations, the timeshare will also refuse to process rental requests. You may think you’re being cunning by offering your week as a rental, but you’ll soon find out it’s not that easy. What happens when you have to process a refund and find the traveler another place to stay? Talk about a costly mistake.

You might think an exchange will work in your favor as well. But, when you’re not current on your maintenance fees, depositing your week (or interval) may no longer be an option either. You’re right to process anything regarding the resort is restricted when you decide to walk away from the obligation you signed up for.

2. You’ll be Pursued for Timeshare Maintenance Fees

Defaulting on the timeshare by walking away from the fees will also initiate attempts by the resort to hold you accountable for the breach. Failing to honor the contract gives them every right to pursue you to the furthest degree. This can range from aggressive forms of communication by an internal team to sending you to a 3rd party collections agency.


The resort is going to do everything they can to pressure you into making any type of payment. Similar to the sales tactics used to close or upgrade you, they know exactly how to hit you where it hurts in order to collect. Many timeshare owners would rather pay the maintenance fees than deal with the consequences. But, some are stubborn enough to dare the resort to act.

In addition to collection attempts, it’s important that you realize the resort will also hit you with penalties and late fees. If you’re still paying on a mortgage and walk away, then you have to anticipate compounding fees for both. Most loans come from a 3rd party lender that has nothing to do with resort obligations. You could end up being harassed by two separate entities if you’re not careful.

When a certain amount of time has passed without success (normally 30-90 days), it’s almost a guarantee that your delinquency will be reported to a credit reporting agency. Although this may not initially worry you, a damaged credit history can eventually hinder your ability to borrow money for an extended period of time. A car loan or another mortgage may be out of the question until the negative reporting falls off. If the timeshare company is extra stingy, they can continue to renew the balance owed for a long time.


Just like most timeshare owners hope things will work out in their favor, the timeshare company normally assumes you’ll eventually pay up. If they get the drift that you’re serious about refusing to pay, they may begin to threaten you with legal action. Although some of the smaller timeshare operations don’t have the capabilities or means to legally pursue you, a large majority do – and they will. Assuming this is another scare tactic can backfire on you quickly.

Aside from the time investment, a legal battle can easily cost you everything you have. Remember, resorts have the leverage of a legally binding contract on their side. They also have the firepower to legally pursue you to the fullest extent if they want to. Is walking away from timeshare maintenance fees really worth all that?

4. The Resort Can Pursue a Foreclosure.

Besides compounding late fees, collections and credit reports, the developer (or HOA board) also has the right to pursue a foreclosure on the property. No different than a legal battle, the timeshare can add foreclosure costs to the amount you owe them. Court fees, attorney expenses, filing costs and other documentation efforts can be financially damaging.

The foreclosure process can be dragged out for years if it has to be. Even if you think you’re in the clear and collection agencies stop calling, a foreclosure may be in the works. Some timeshare owners don’t hear about this for years and are blindsided by the repercussions. Once the courts are involved, the outlook isn’t very favorable for the timeshare owner. Just like delinquent balances sent to collections, a foreclosure can drastically impact your credit scores.

5. Other Owners at the Resort Will Pay the Price

What can be hard to swallow for most timeshare owners, is the impact their decision has on their peers. On top of individual repercussions, walking away from timeshare maintenance fees causes other owners to pick up the slack. The resort may initially absorb the costs, but they’ll eventually disperse the loss amongst their remaining fractional owners. Although this takes time, it’s inevitable.


In most cases, this affects those that are in good standing with the resort. Resorts have no problem charging those that pay their bills on time. In other words, you’re giving owners without problems the same frustrations that caused you to walk away. Resorts will make sure you’re aware of this. Guilting you is another form of leverage they’ll play in order to get you to pay. Even if it’s by force, they have no intention of losing you as a customer or their residual income. At the end of the day, someone will pay for the maintenance fees so the resort can cash in on the profits they estimated for the year.

Walk Away From Your Timeshare Legally with VOC.

Understanding the result of walking away from timeshare maintenance fees can be gut-wrenching. If you were set on ceasing payment, the reality of the repercussions may cause you to lose the little bit of hope you had. But, you’re not alone. Escaping the clutch of timeshare ownership is on the minds of thousands of travelers across the country. We want you to know there’s no need to give up and give in if you’re serious about getting out.


At VOC, we specialize in helping timeshare owners find a resolution. Once you’ve exhausted all options, we’re able to provide you with guaranteed timeshare cancellation services. What differentiates us is the simple fact there are no pressure sales, no broken promises and zero misrepresentation. Since 2014, we’ve upheld our reputation by terminating 100% of our client’s timeshare contracts. Not only have we followed through with our promises, but we’ve provided timeshare owners with the professional experience they deserve. If you’re considering walking away from timeshare maintenance fees, we’d love to point you in the right direction. The only result you should be focused on is a memorable vacation that’s timeshare free.

Check Your Eligibility

View our eligibility form below to inquire about our qualifying for our timeshare cancellation program. This is the first step in getting to know how to get out of timeshare maintenance fees and the contract with the resort altogether.

How Timeshare Assessment Fees Are Different Than Maintenance Costs

How Timeshare Assessment Fees Are Different Than Maintenance Costs

Purchasing a timeshare can be an exciting time for those that have dreamed about vacationing every year. It’s easy for most to commit to a monthly agreement that seems to be cheaper than spending money on one-time vacation packages. But, they soon find out that additional expenses and fees easily push them outside of their budget while expectations typically don’t match the presentation. Aside from maintenance costs catching new property owners off guard, timeshare assessment fees can be maddening. Moreover, they can be devastating. Getting out of a timeshare may be desired, but the financial burden can handicap their ability to cancel the contract when they need to the most.

Unlike vacation rentals or travel deals, timeshare ownership leaves many feeling trapped. Once they sign the contract, they’re obligated to adhere to the terms they agreed to – even if the details weren’t ever made clear to them. As we’ve mentioned in other articles, far too many interested consumers are distracted by the value propositions of owning a timeshare and overlook the actualities that come with a purchase of this magnitude.

Know the Details Before Signing the Contract!

For whatever reason, timeshare sales presentations are so persuasive that many travelers don’t even research the opportunity before spending tens of thousands of dollars into the property. If they did, they’d quickly realize most timeshares have zero resale value. A large percentage of timeshare owners aren’t even aware that their financial commitment can drastically increase when repairs, damage or acquisitions occur. Misinformation is common in the timeshare industry. But, pointing fingers at unethical sales practices isn’t going to solve the problem.


At VOC, we take pride in helping potential timeshare owners understand what they’re getting themselves into before making the purchase. Educating current owners on the terms of their contract also allows us to help them find the best way to cancel their timeshare for good. So, before you call the resort to complain about unexpected expenses, let’s discuss the major differences between timeshare assessment fees and maintenance costs. Knowing what to expect will help you better navigate the muddy waters of timeshare ownership.

What Are Timeshare Maintenance Fees?

As we discussed in our previous article, timeshare maintenance fees are annual charges that go towards maintaining the resort and the operational costs of the property. If you’d like to see the resort invest more money in laundry services or to update the carpet, then the cost of these “upgrades” will eventually come out of timeshare owners’ pockets. For example, properties with excess greenery or golf courses use yearly timeshare maintenance fees to spread out landscaping costs. The amenities and elements of the resort that initially caught your eye during the presentation aren’t necessarily included in your mortgage.


Unexpected Maintenance Fees Are Unpredictable.

What’s worse, is that these yearly fees fluctuate every year depending on what the timeshare claims as maintenance. There’s no questionnaire that goes out to property owners asking for their opinion or input on decisions about the premises. At the end of the day, they can basically bill their occupants for whatever they want. What’s more concerning is that yearly timeshare fees continue to rise. A 10-year mortgage for $20,000 can easily become a $30,000 expense when you factor in maintenance fees. Keep in mind, this isn’t even including your interest rate (15-19%) and unexpected timeshare assessment fees.


What Happens When You Pay Off the Timeshare Contract?

Do you still think owning a timeshare is cheaper than your family vacation for four? What many don’t realize is that they’ll still be on the hook for maintenance fees once they’ve paid off their timeshare mortgage. Contracts don’t become expendable once payments are complete. It’s the gift that keeps on giving. As long as you’re under contract, you’re responsible for your share of property expenses. This is when a good number of timeshare owners begin thinking it might be a good idea to dump the timeshare altogether.

What Else Can Increase Maintenance Fees?

You’ll typically see a large increase in timeshare maintenance fees when an acquisition takes place. If the resort decides to transform the location into luxury suites, property owners are expected to quietly foot the bill. Similar to a new property management company gutting an apartment complex, the acquirer will say major changes need to take place in order for the resort to be profitable. In other words, they justify the increase with a few open ended promises.

Unfortunately, most don’t improve anything about the property and simply spread out acquisition costs through maintenance fees. A $500 increase for 100 rooms with 50% occupancy can generate them a quick $1.3 million in the first year. While maintenance fees can range from a few hundred dollars to a few thousand, timeshare assessment fees can be substantial.

Explaining Special Timeshare Assessment Fees

Unlike maintenance costs, timeshare assessment fees are not annual expenses that you can anticipate (or save up for) every year. In most cases, these unexpected fees are sent out to timeshare owners after a natural disaster or extensive damage occurs to the property. Hurricanes, wildfires and volcanic eruptions have led to several recent lawsuits regarding timeshare assessment fees.


Instead of rolling out damage control or resort improvements over an extended period of time, most timeshare companies give their owners a few months to pay them hefty sums of money. Unless you’re up to date with everything going on at the resort, you’ll more than likely get blindsided by timeshare assessment fees. Some vacation owners are forced to hand over the deed to the property due to their inability to pay the fee on time. Losing the timeshare can be a punch to the gut, but dealing with collection agencies and a damaged credit score can be even more devastating. Failure to pay timeshare maintenance fees and assessment costs can even result in a foreclosure if you’re not careful.

What Can Impact Assessment Fees?

With an increasing number of owners legally cancelling their contracts or defaulting on payments, timeshare assessment charges have been used as damage control. When there is less money coming in, the resort needs to make up for the difference. The costs that timeshare companies deem “billable” isn’t going to change when there are less timeshare owners in the building. It simply costs every remaining owner more money to keep their share. At the end of the day, the resort’s board of directors has total control over what they charge their timeshare owners for. 


Are Timeshare Assessment Fees Related to Maintenance Costs?

Similar to maintenance fees, people under contract really have no choice but to pony up the cash for timeshare assessment costs. The only time the two charges are related is when “special” assessment fees are issued because the revenue from maintenance fees wasn’t an ample amount. Whether fees are considered “required” upgrades (like a new pool during the offseason or improved telecommunications) or uncovered costs, timeshare companies will find a way to distribute the expense. Unfortunately, they have every right to do so.


Why Legal Timeshare Cancellation Makes Sense

By ignoring contract details during signing, many timeshare owners end up being held hostage by their agreement. Fees can end up doubling or even tripling their anticipated annual expense. This makes it easy to understand why ownership turnover is so high. A timeshare sold for $20,000 can realistically cost consumers $40,000+ over 10 years. Not everyone has this kind of money laying around. Either way, the timeshare profits at the consumer’s expense. Although some scams are obvious enough to lead to class action lawsuits, not all timeshare owners are presented with ample relief options.

Once disgruntled owners start to consider timeshare cancellation, hundreds of predatory agencies and con artists await their desperation. Attempting to find an affordable solutions more than likely puts them even further in debt. What seemed to be a small investment towards a great time can become a headache with no end in sight. Although many are stubborn about the purchase, a good number know what they have to do.


How to Get Rid of Timeshare Fees Altogether.

Whether your timeshare contract is paid off or you still own a mortgage, unexpected fees can be a nuisance. Most of our clients decide to finally get rid of timeshare obligations when the value of ownership doesn’t add up to the cost. Maintenance and assessment fees getting out of hand makes it easy to look for relief. The problem is, many wait until they’re in the hole financially to take action. It makes it very difficult for them to do anything at all. Walking away from these fees can also make matters much worse.

This is why we provide eligible timeshare owners payment options for our services, like $0 down and 0% financing. At VOC, instead of preying on desperation and over promising, we actually take the time to understand your situation. Paying for a timeshare cancellation service after spending thousands to own the timeshare may sound crazy, but the long term benefit is evident. In order to eliminate the fees associated with owning a timeshare, it’s important that you realize time is not on your side. The longer you put off getting out of the agreement, the more fees you’ll experience over time. Money saved is money earned when it comes to getting out of a timeshare.

If you think you are ready to legally cancel your timeshare contract we’d love to schedule a free consultation with you. Give us a call or fill out our form today to get the process started. We aren’t going to ask you for your credit card to simply answer your questions and have agents standing by to educate you on how our process works. There’s no need to worry about pressure sales or broken promises anymore. Take control of your situation, eliminate your timeshare assessment fees and become contract-free with VOC!

Apply For Our Timeshare Cancellation Services

The Reality of Timeshare Maintenance Fees

The Reality of Timeshare Maintenance Fees

In order to make an educated decision on purchasing a timeshare, understanding the fees associated with timeshare ownership is a must. The problem is, hundreds of thousands of consumers don’t. Like many great sales organizations in the travel industry, timeshare presentations intentionally leave out the details regarding fees and accessibility while distracting attendees with “what ifs” and “free” rewards. They know exactly how to tap into desires by using misleading benefits that persuade listeners into making long term agreements. Their goal is to get you excited about vacationing with them, not necessarily what can hinder your enjoyment. This leaves many feeling like they’ve been taken advantage of when their experience doesn’t match the presentation. Getting billed annually for timeshare maintenance fees and assessment costs (on top of their monthly expense) normally adds insult to injury.

But, before we dive into some of the bothersome details, let’s talk a little bit about what maintenance fees actually entail. Every property management company occurs management and maintenance costs that need to be paid for. If you look at the fine print, every timeshare contract includes a section detailing timeshare maintenance fees and assessment costs. Although this might bother some timeshare owners that assume this is accounted for in their payment plan, they don’t have to look far for an initial roadmap. Similar to residential mortgages, homeowners have additional expenses that they’re responsible for.

What Are Timeshare Maintenance Fees Similar to?

The most relevant example of timeshare maintenance fees would be the HOA (Homeowners Association). If someone is considering buying a home in an HOA neighborhood, they’re required to pay the annual fee. At the same time, most home buyers understand that this type of cost isn’t included in the mortgage. Moreover, they tend to value an added expense that preserves the quality of the entire neighborhood they’re paying for. In other words, HOA fees are accepted and approved by the residents that choose to live there.


What Does an HOA Entail?

Although the city may have some say in regulations, the subdivision is normally maintained according to the requirements of the community’s development team. The biggest contrasting factor is the simple fact that HOA residents are able to attend routine meetings and even play a role in what transpires with their funds. When it comes to assessing HOA costs, they normally derive from management salaries, community swimming pools, parks, landscape and other features. Payments are placed in an escrow account and used for routine maintenance, when repairs come up and during strategic developments for the residential community.

The Difference Between the Two

Timeshare companies validate maintenance fees by making similar claims. The thing is, they get to decide where money is spent and how much you pay them. Aside from the fee being quite larger than an HOA, they also hold the power (or right) to increase the maintenance costs at any time. When it comes to fee increases, there isn’t really much clarity behind why they’re charging you more and where it’s going to be spent.

Timeshare companies don’t need your input in order to deem something repairable – they just do it. They make it a point to remind you that you chose to purchase a share of their resort and it’s your responsibility to maintain their premises, that you signed up to enjoy. The biggest difference between HOA costs and timeshare maintenance fees is transparency. It’s hard to really know where your money is going.


Are Timeshare Maintenance Fees Being Used?

What can be troublesome for most timeshare owners is the fact that some resorts aren’t properly staffed and the upkeep is unacceptable. Even if you feel like your experience is being hindered due to poor maintenance, they’ll point you to the contract. This causes many owners to complain about timeshare maintenance fees and demand that something be done. They feel like the money they’re spending isn’t matching their expectations.

Do you think resorts are interested in your opinion on financial planning when they’re cashing in? Do you think they’re going to do anything about your dissatisfaction when they know it’s nearly impossible for you to get out of a timeshare contract? It’s not their first rodeo. Timeshare owners have been caught off guard by maintenance fees for years. Unlike an HOA, the timeshare company isn’t held to a certain standard and has no obligation to provide anything outside of the bare minimum. Be careful when you complain because the resolution could end up including a hike in your fees.

The Revenue From Timeshare Maintenance Fees

When analyzing timeshare maintenance fees, it’s easy to understand how they can be used to build a new pool or repair one. It’s easy to understand that the landscape needs to be maintained and employees need to feed their families. It’s understandable that an emergency plumber is needed when the entire building is backed up or the hot water isn’t working. It’s even more understandable when renovations are required to improve guest safety. New bedding, upholstery, appliances, furniture, cleaning supplies, kitchenware and the little mints at the front desk cost money. We get that. But, does the amount charged align with the amount needed?


Timeshare owners should be less worried about what their fees go towards and more concerned with how much of their money is actually being used. Although timeshare maintenance fees have increased since Statistica completed their report, the average fee per interval for a U.S. vacation timeshare (in a beach resort) was $860. Looking back to 2012, the American Resort Development Association (ARDA) reported that the average cost for maintenance was $660.

How Much Do Timeshares Make on Maintenance Fees?

In order to create some simple math, let’s aim low and assume each resort charges every timeshare owner $500 per year for maintenance. According to the ARDA, the average timeshare consists of 131 units. This gives the timeshare 6,681 weeks to sell, while 1 week per year is dedicated to maintenance of the unit. If they’re able to fill 50% of these weeks with a timeshare owner (3,340), they could potentially cash in on $1.7 million annually. How much do you think it costs to manage and maintain the resort? One can’t help but wonder how much is being pocketed by the resort.

Instead of getting upset that $350 was added to your yearly maintenance fees for a pool renovation without your consent, realize the timeshare just deposited upwards of $1,192,100! I hope the pool now has a diving board and an option to swim with dolphins. Many timeshare owners are currently experiencing annual fee increases due to acquisitions. In some cases, maintenance fees are tripling even though nothing is being done to the resort. They’re simply covering the acquisition costs so they can get out of the red faster. Once you sign the dotted line, there isn’t much you can do to put a halt to the greed behind the timeshare industry.


Understanding the revenue focus of timeshare companies is normally enough for unhappy timeshare owners with unwanted properties to get rid of the contract altogether. Just remember, if you can’t sell the timeshare, you’re still going to be on the hook for monthly payments. Once you’ve made the decision to get out, make sure you’re allocating a reliable option.

The Long Term Cost of Owning a Timeshare

As aforementioned, most people buy into the whole timeshare ownership mantra without really considering the details. Timeshare companies know how to persuade people into believing that $250/month is ideal – Especially when vacations for a family of 4 have an average cost of $4,580 ($382 monthly cost per year).

The problem is, the $22,000 purchase price quickly turns into $40,000 after 10 years with 15-19% interest (most rates are higher than 17%). Not to mention the annual timeshare maintenance fees! The limited-time-offer that once seemed promising can eventually turn into lifelong regret and a lot of debt. These situations cause many people to make irrational decisions. When timeshare owners become desperate to find a worthwhile solution, they’re often bombarded with pressure sales pointed towards upgrade options. This is the last thing they need to do. 


Owning a timeshare can be devastating when you aren’t aware of what you’re getting yourself into. Even when you pay off the contract, you’re still on the hook for timeshare maintenance fees for life. Many people wonder what happens if they simply stop paying for the fees. Unless you’re prepared to battle additional fees and a foreclosure-type-situation, we wouldn’t recommend it. What’s worse is that many timeshare owners seek relief only to be scammed. This only adds salt to the open wound that has yet to heal.

It’s hard to overcome the scars or financial ruin of timeshare ownership – but it can be done. If you’re struggling to keep up with payments or you’re tired of being held hostage by your contract, we’d love to help. We understand how resorts and predatory agencies take advantage of vulnerability and we take pride in providing a permanent solution that makes sense. Every single one of our clients have successfully gotten rid of their timeshare. Stop wondering if someone can help you eliminate your maintenance fees. Our ability to cancel timeshare contracts is unmatched in the industry and we stand by our promise.

Check Your Eligibility

Schedule a FREE consultation to discuss your timeshare maintenance fees or get started by filling out one of our qualification forms below.

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