• March
    29
    2019
  • 3 min read

Our Top Timeshare FAQs

Timeshare FAQs

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Check out our answers to these top timeshare FAQs.

Timeshares can be complicated, so we’ve compiled these timeshare FAQs to help you with some key issues that people worry about. Once you have your facts straight, you can make smart timeshare decisions.

Do I have to pay maintenance fees if I can’t use my timeshare?

Yes. All timeshare owners must pay the annual maintenance fees. If you can’t use your timeshare in a given year, you still have to pay. In fact, even if it’s the resort’s fault that you can’t use your timeshare, you still have to pay. Or if your resort sustains damage and isn’t open, you still have to pay.

Should I buy a cheap timeshare?

Travel hackers would tell you that cheap timeshares are great deals, but we disagree. It’s true that you can buy a timeshare for next to nothing. And that can be tempting. After all, who doesn’t want a $1 vacation? Unfortunately, you’re not going to get a $1 vacation. Instead, you’ll be on the hook for a lifetime of maintenance fees, special assessments, and more. Plus, some resorts restrict privileges to owners who purchase on the secondary market. So that means you might not get to take full advantage of your timeshare.

Will my children inherit my timeshare?

Maybe. If your children are on the deed, they will inherit the timeshare. If they are not on the deed, you can leave it to them in your will. And if they don’t want your timeshare (and they probably don’t!) they can refuse it. However, make sure you never put their name on the deed, even if your resort offers to as a “convenience.” You definitely don’t want to leave your children a lifetime of fees for something they don’t want.

What happens to my timeshare if my spouse and I get divorced?

Timeshares are like any other possession in a divorce. You can award the timeshare to one spouse. You can cancel the timeshare. Or you can share it. This topic can get pretty complicated, so find out more here.

Can I get out of my timeshare?

This is by far the most common of the timeshare FAQs that we encounter. And the answer is yes, but it’s complicated. If you just bought your timeshare and you’re still in the rescission period, you can cancel your contract in writing. But if the rescission period is over, it’s hard to get out of a timeshare. In that case, you need to work with your resort to cancel your contract. And trust us: they aren’t going to make it easy.

That’s where we come in. We specialize in helping people just like you get out of unwanted timeshares. And we guarantee our work. But don’t take our word for it! Check out our many, many positive reviews here. Or just contact us directly. We can answer all of your additional timeshare FAQs during a free, no-risk consultation. Click here to learn more!

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