Time Share Maintenance Fees
I purchased a time share Condo in 1977 for cash. I have paid my Maint fee for over 30 years but never have used the property. The annual Maint Fee has grown to over $400,@year. I have spent a lot of money to list this property for sale. I have also contacted the company for relief by them taking back the property for free. What can happen to me if I just refuse to pay the annual fees anymore.
1 Answer from Attorneys
Re: Time Share Maintenance Fees
Have an attorney read your contract. Also look at the following 4/3/02 CNNMoney article
http://money.cnn.com/2002/03/21/pf/yourhome/q_timeshare/ for tips about where to list your property and transfer alternatives such as using the timeshare as a gift to a family member or donation to a charity that will net you a tax deduction.