Capital Vacations Has Just instituted must pay annual timeshare fee for the year your want to bank for Four Sails

[oceanliner1]

Very unhappy owners - had something come up and wanted to bank my February week at Four Sails in Virginia Beach. Got a note back from RCI my request was denied. I have been an owner there for decades and never had this happen. Called them and they said that yes - it was a policy change by the new owner - Capital Vacations at a Board Meeting last week and she was not sure if it had been publically communicated to the owners. I asked how are we supposed to pay dues if we do not even know how much they will be? The response was to pay the same as was paid for the previous year. So basically is you want to bank a week a year in advance you need to pay the fee now and Capital gets to use it interest free for a year. I prefer to stay at my units but some years I choose not to. I guess it's RCI's loss as I would rather lose it or ask to rent it if they have an interested party rather than bank. Starting to think VRBOs are a better option.

 

[klpca]

We own at the Quarter House and we have always had to pay up front to deposit. So for example, I deposited my 2025 QH week last July. I had to pay in advance (so we paid the 2024 amount) and I was able to trade the week already. Last week I received a bill for the balance, and that is due by the end of the year. If everyone was good about paying their maintenance fees when they were due it would be great, but I suspect that people deposited their weeks, made exchanges, then never paid their maintenance fees.

Here's another thread on the issue

Prepaying Maint. fees?

My home timeshare resort rejected my RCI deposit for 2024. Talked to RCI Then talked my resort. They said that policy now is you must pay the maintenance fee first before you deposit the week (despite the fees not even being known at the time) Has anyone come across this at their resort? They...

tugbbs.com

It doesn't make it any easier, but at least you have company.

 

[tschwa2]

15 years ago, probably only about 15% of resorts made you prepay in order to bank your future year week with an exchange company. These days 80-90% require it. To many owners bank their weeks and then default and at that point the week is gone. Many float week resorts make you prepay in order to reserve a week. With a February week that you are depositing now, you are only paying a month early or do you mean Feb 2026? It is a pain to have to pay a year out but it is what it is at this time. Marriott is the only major developer that still doesn't require prepayment to bank.

 

[b2bailey]

15 years ago, probably only about 15% of resorts made you prepay in order to bank your future year week with an exchange company. These days 80-90% require it. To many owners bank their weeks and then default and at that point the week is gone. Many float week resorts make you prepay in order to reserve a week. With a February week that you are depositing now, you are only paying a month early or do you mean Feb 2026? It is a pain to have to pay a year out but it is what it is at this time. Marriott is the only major developer that still doesn't require prepayment to bank.

Hmm. Interesting comment about Marriott.
I've been considering banking my Newport Coast week but assumed I would need to pay MF first. I agree most others do require payment to book.

 

[buzglyd]

My Gaslamp unit required pre pay long before Capital got involved.

 

[gravityrules]

My Gaslamp unit required pre pay long before Capital got involved.

Same for my MROP week.