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Deannexation of our Kauai timeshare

Discussion in 'US - Hawaii Timesharing' started by sgosline, Oct 8, 2018.

  1. sgosline

    sgosline TUG Member

    Joined:
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    Location:
    Roseburg, OR
    We received a letter regarding deannexation of our timeshare unit at Banyan Harbor in Kauai. I don't really understand it but it appears we have 2 options. One is to transfer our deed to our timeshare owners association and in turn get a deed to a new "upgraded" unit. The other option is to just turn it over (no payment, just the ability to avoid future maintenance fees). They need 100% participation for this to work. Does this sound legitimate? Our unit was getting pretty run down but still had good exchange value. We do own one other week there which we could still use or exchange. I am just not sure what to do. Has anyone else run across this?
     
    slip likes this.
  2. jhac007

    jhac007 TUG Member

    Joined:
    Oct 30, 2005
    Messages:
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    70
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    238
    Location:
    West Virginia
    Resorts Owned:
    Ko Olina BC, Waioha BC, Crystal Shores (2 Gold), Kierland (Gold Plus), Ocean Pointe, Eagle's Nest, Vistana BC, Villas at Doral, Mizner Place, Windward Pointe, Star Island
    How much is the current MF and what size unit? What is the "upgraded" unit and MF? How often did you use either of your units?
     
  3. sgosline

    sgosline TUG Member

    Joined:
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    Location:
    Roseburg, OR
    The maintenance fee would be unchanged. I called and spoke to someone about it. The unit would be the same size, 2 bdrm, 1 1/2 bath, but it is a little nicer location (oceanview) and nicely renovated. It would be a different time interval but only 1 week earlier which would be ok. We have not stayed there recently as we usually exchange through RCI to fit our time schedules. I think we pay about $800/yr maintenance fee.
     
    slip likes this.
  4. slip

    slip TUG Review Crew: Veteran TUG Member

    Joined:
    Mar 5, 2011
    Messages:
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    Location:
    Reedsburg, Wisconsin
    Resorts Owned:
    Pono Kai, 20 wks: Maui Schooner, 1.5 wks
    I haven’t heard of this but it sounds like a win in your situation.
     

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