• Please check out the review contest thread here vote for the best review and cast your vote for the best review to start 2020! winner gets a $50 gift card!
  • The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG is starting a new contest that will award $50 to the best review submitted within the next two weeks!!

    Read more here
  • TUG has now saved timeshare owners more than $14,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $14 Million dollars
  • We completed the upgrade of the TUGBBS forums recently and are still working on issues/customizations/changes etc. Please post in the thread in the ABOUT TUGBBS section with your feedback. Note if you are unable to log in or access the forums please email us at tug@tug2.net!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Lake Okanagan Resort contract buyout

DKon

Guest
Joined
Jan 29, 2019
Messages
2
Reaction score
0
Points
1
We just got the notice for 2020 maintenance fees today (Nov 28 2019). Our fees went up 15% - a far cry from the "more than double" they threatened everyone with last year.

They also added the lease termination "offer" for $3780. Interestingly, last year's offer was $3450.
 

UK owner

Guest
Joined
Dec 13, 2019
Messages
1
Reaction score
0
Points
1
Resorts Owned
Lake Okenagan Resort
We are UK citizens living in the UK. We bought at LOR in 2002 but due to change in circumstances we asked to terminate the lease and this was done though the office at Northwynd. We don't have any documentation to support this. I now think that they only took us off the system and the lease remained in our name as after hearing nothing for over 10 years we received a letter a week ago with the offer of a buy out for $3350 but 10 years worth of maintenance fees plus interest to pay!

I got back to them straightaway and they replied by return offering to terminate the lease for $500, which we paid but this may not result in it being terminated if we don’t pay the outstanding fees. Anything over 6 years is statute barred.

I'm tempted to assume they won't chase it through the courts here in the UK but on the other hand I don’t want it hanging over us for years.

Any thoughts from those of you who are well versed in all this
 
Top