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Free Dues [Silverleaf']

VictorW

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I had worked at one of Silverleaf's resorts last year. On quite a few occasions, I had met with owners who had VERY CHEAP maintenance fees. The reason they were so cheap, was because Silverleaf had printed a few contracts with typos: instead of putting "55.45 monthly" they had "55.45 annually."

Silverleaf had also ran an event years ago when they had a fundraiser at The Villages, and they sold units with ZERO dues.

My question is, if I were to purchase a timeshare from one of these owners, would I be able to have the same maintenance fees?
 
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MF's, if listed in a timeshare contract at all, only indicate the current fees. Generally they are listed as subject to change or paid according to the current assessment based on the HOA;s annual budget. No contract is going to list a static guaranteed for life MF's. So if there was a typo the owner may have had one year at the reduced rate. There may be a few contracts that limit the percentage that a MF can rise from one year to the next but that is extremely rare. Generally the right to use the deeded week during the appropriate time if fees are kept current are just about the only thing guaranteed to transfer to the new owner. I wouldn't count on anything else unless explicitly laid out in the original contract.
 
Some of the owners had owned for as long as 20 years (They were 55.45 a while back, Silverleaf's maintenance fees are 76.45 today). Their records showed annual payments of 55.45 and were current.

I worked as a salesman, and we actually put in writing for when we upgraded that they would keep their reduced maintenance fees on their new unit (It was the only way they would upgrade).
 
Some of the owners had owned for as long as 20 years (They were 55.45 a while back, Silverleaf's maintenance fees are 76.45 today). Their records showed annual payments of 55.45 and were current.

I worked as a salesman, and we actually put in writing for when we upgraded that they would keep their reduced maintenance fees on their new unit (It was the only way they would upgrade).



This takes advantage of all the other owners as they all have to pay much more to make up for the incorrect fees being collected from those who pay $76.45 per year.




.
 
Can the resort void the contract as it was an honest business error?

Maybe. But I learned very quickly in the sales aspect, all that mattered is what was on paper, so I guess it's only right they'd catch the tail end of that every now and then.

This takes advantage of all the other owners as they all have to pay much more to make up for the incorrect fees being collected from those who pay $76.45 per year.

I'm not saying it was a common occurrence... I had seen it probably 3 or 4 times in the year's time I worked there... And salesman from other resorts had seen it a few times aswell. You can't tell me you wouldn't take advantage of the lower fees if you could!
 
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As a former Silverleaf owner for many years, I doubt that these "deals" would transfer on resale. Just like the bonus time that is not supposed to transfer. Sometimes there is a glitch and they do transfer, but the policy is no. In fact, when you fill out the transfer papers, there is a line you have to initial saying that you understand bonus time does not transfer. I would imagine it would be something simliar with those special deeds.
 
It is possible it might transfer to a family member.
 
It is possible it might transfer to a family member.

Yeah, Silverleaf has always been good about that. Has anyone successfully purchased a deed on the secondary market and had the "Endless Escapes" Bonus Time (1-6 nights free, 1 out) transfer? It's found on deeds purchased from the developer before 1999. I know on the new paperwork it says the bonus time doesn't transfer, but I'm wondering if it's always said that?
 
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