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Special Assessments: The Worst Timeshare Surprise

Special Assessments

January 4, 2019 – by Primo Management Group

Special Assessments

Timeshare special assessments come up out of nowhere. Find out what to do about them.

If you own a timeshare, you probably know all about maintenance fees. But what happens when a special assessments bill comes in the mail? What is that even about? Do you really have to pay it? Find out what you need to know and how to prepare for timeshare special assessments.

What are Special Assessments?

Special assessments are one-time fees levied by timeshare HOAs or Board of Directors to cover unique or unexpected resort expenses. These fees are typically unscheduled and can be quite substantial. Plus they are in addition to your standard annual maintenance fees. Maintenance fees cover the basic costs of upkeep and routine maintenance to the resort. Combine these fees together and you could be looking at a substantial amount of money. Special assessments cover any additional expenses, which include but are not limited to the following scenarios:


Even with proper routine maintenance, any property eventually needs upgrades. After all, no one wants to stay in a suite with 20-year-old carpets and appliances. Just like in your primary residence, things need to be replaced and updated from time to time. Of course, you control what to upgrade, how much to spend, and when you can afford upgrades in your own home. Unfortunately, our HOA doesn’t make decisions based on your needs. They operate on their own timeline and you and the other owners have to adapt.

Large Repairs

Your maintenance fees cover smaller, routine repairs. However, they don’t cover larger damages from severe weather, natural disasters, or other big events. And given that many resorts are in areas prone to, for example, hurricanes, the chances of damages are a real concern. Check out this special assessment costing almost $6000 per owner! Some resorts do have reserves on hand to pay for such expenses, but if your resort doesn’t, expect your Special Assessment bill in the mail.

Other Owners Not Paying

We all know maintenance fees are constantly on the rise. Unfortunately, not all owners can keep up with those fees. They may fail to pay and may ultimately face foreclosure. And while that’s bad news for them, it’s also bad news for you. You and the other owners must cover the shortfall.

What to Do About Special Assessments

Special assessments are unexpected but you can prepare yourself. First, request a special assessment history from your HOA. This will give you a sense of what’s been levied in the past and allow you to make a more educated guess about the future. However, unless you have a functioning crystal ball, consider putting away some money just in case. You can also participate in your HOA by going to meetings to get an idea of possible upcoming expenses. But no matter what you do to prepare, uncertainty remains.

What If You Can’t Pay Your Special Assessments?

So, what if you weren’t prepared or the fee was more than you can pay? Unfortunately, your contract is clear: you have to pay. And if you don’t pay, your resort can take action. Expect letters and phone calls attempting to collect. If you still don’t pay, they may send you to collections, which will hurt your credit score. And in the meantime, you probably won’t be able to use your timeshare. Instead, we recommend contacting your resort immediately and trying to set up a payment plan. And if even a payment plan is out of reach, consider timeshare cancellation. We help people get out of their unwanted timeshare contracts every day. Contact PMG for a free, no-risk consultation.

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Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. Let us help you. Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, the resorts are loath to give back the money they’ve already taken for timeshares.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.