Timeshare ownership is said to be a financial commitment. If one plans to own a timeshare, he/she must be prepared for the annual maintenance fee which usually increases over time and for some other fees which may cost significantly. Because of these fees, many current owners cannot afford anymore their timeshares and thus, want to get out of their timeshare contracts. Meanwhile, the other fees imposed by the developers may appear to be unjust and may sometimes cause disputes with the timeshare owners.
Such is the case of John Frost, who owns a timeshare in Mustang Island Beach Club. Several years ago, Frost and others were told that one of the thee condo buildings where they own a timeshare is going to be refurbish and agreed to pay a special fee of up to $3,000 for each week they own. Later, they were stunned to find out that they no longer had access to the units they paid to renovate. Before, they belong to a building equipped with better facilities. But lately they're assigned to a building which has poorly equipped amenities.
Eventually, the timeshare owners went to the developer and association president Randy Turner of Dallas. On the other hand, consumer lawyers advised that the timeshare owners can try to take over the association from Turner, and if they can't resolve their dispute can sue him.
Owning a timeshare comes with a number of financial obligations and before any owner sign an agreement or any legal documents, it is better to evaluate and clarify these first to avoid future conflicts. Take note that several owners nowadays are unhappy with their timeshares and want to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property.