By Noah Belachew
Timeshare maintenance fees are required for owners to pay to maintain their timeshare resort. They go towards employee wages, upkeep, and upgrading resort units and amenities.
Did you know maintenance fees also go towards an emergency fund? If your resort experiences structural damage from a natural disaster, your maintenance fees go towards making repairs
The due date for maintenance fees varies by resort and developer. In most cases, owners pay their dues once a year. They may also be due monthly, quarterly, or biannually.
According to the American Resort Development Association, average timeshare maintenance fees annually are $1000. However, the cost can vary by the resort, the size of the unit you own, etc.
If you are unable to pay your timeshare maintenance fees, the best options are to contact your resort/developer or sell your ownership. Selling your timeshare is a safe option.
When you're ready to sell your timeshare, Fidelity Real Estate is here to help. Our licensed resale experts will give you a free consultation at no obligation to you.