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Re: Maintenance Fees (by Angel M.):

adahiscout wrote:

kekouri wrote:

adahiscout wrote:

jons29 wrote:

kimyn wrote:

I am new to TS. I just wonder if we don't pay HOA for that year which means we forfeit our right to use for that year? And next year, if I decide to use, I'll pay to pay HOA for that year only, or previous year plus this year?

You will pay both years MF, plus a penalty. If you don't use, better to rent. Get back your MF, plus make a small profit.

===== Is the HOA what most of us call Maintenance Fees? You would be unable to use your timeshare at all until all fees due are paid in full. MD

HOA = Home Owners Association. In a deeded T/S (interval) condominium development....which is what MOST T/Ss are in the USA, the owners of the week, interval, or points will vote for members of the HOA in order to run the place and take care of it.

An HOA ( some places use different letters) is voted on by OWNERS....so, if most of the condo resort is owned by management, guess who gets voted into run the condo? The managers friends. Thats one reason wht some management companies would like to have the owned weeks converted to points. In some cases, then ALL the owners lose their rights to run THEIR condo.

But in most Mexican Resorts, the resort may be set up as a condo, but USA citizens are sold a long term lease...a Right To Use (RTU) for a period of time. (Certain Mexican Laws forbid foreign ownership in many areas). In these places, management may be the technical owners of the land, buildings and services....not the people with the RTU.

In any case, not paying your maintance fees, taxes or assessments will result in your credit rating being impacted.

One poster mentioned to try to rent your owned or RTU unit....at least you will get some $$ back. I agree. Not paying will show on credit reporting agencies and really lower your scores....they will sue you, and win. Unless you bought a Holiday Club that states you only pay fees when you use a week, you are considered an owner or leasee and required to pay the fees.

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So HOA (Home Owners Assoc.) is the same as POA (Property Owners Assoc.) POA is what I have been accustomed to hearing, but obviousely terminology is not uniform from timeshare group to timeshare group. MD

I agree with you totally. Can you write me at angelmitc@aol.com Thanks!