Polo Towers- 2006 Main. Fees 13-Days Late & Being Charged $139.11!!!

[JEFF H]

This scenario then changes the due dates for maintenance fees based on the date of a sale transaction. If I was on this board, and I knew owners knew their bill amounts 12 months in advance, I would think it unfair to grant certain members a grace period based on when they sell or buy. This would also have an impact on cash flow to the tune of $100,000 - $200,000.

Thats Not the situation at all.
Maintenance fees and due dates are set by the homeowner Association CC&R's
The Homeowners association charges a Transfer fee and are obligated to update the records and send the Membership information as well as the maintenance fee bill to the New owners.
When they don't do this they must accept part of the responsibility for the late maintenance fee payment. Its only reasonable to expect them to waive the late fee in specific cases where they did not do there job in a timely matter.

 

[JEFF H]

The HOA operates the resort for the owners. They usually, but not always, hire a management firm for day to day operations which would include things like maintenance of the owners listing. I certainly agree that if it is taking 4 months to get a sale updated then that management is remiss and the HOA Board should do something about it. But the owners still owe the fees no matter how bad the management may be.

What a terrible image that conjures up.
The power struggle of the HOA board and the management company causing alot of stress and owners caught in the middle feeling the hard wrath from both sides.

 

[cluemeister]

IF it was a big problem for the resort I would recommend a new resort ownership transfer rule the requires the next years maintenance fee be paid inadvance on all 4th quarter closings to avoid this type of situation altogether.

Jeff,

I appreciate your position, but let's assume this rule was put in place, and I believe it would be put in place once grace periods were instituted. I will again go to my "what if" list.

What if a timeshare closing is scheduled, with the new owners taking ownership in December? I know as a buyer I wouldn't want to be told by a seller that I have to pay the mf's for a unit I don't own, and as a seller, I don't want to pay up to 90 days early based on a potential timeshare closing that may fall through.

What if a ts closing is delayed a few weeks, instead of September, it rolls into October? Now the mf is late, as the closing occurred in the last quarter. In effect, you are asking owners to predict the future. This means anyone with a timeshare for sale would have to pay their mf's 90 days in advance or possibly be in default.

What if a ts was for sale with no buyers for a year or so, and then someone came in and bought it right away in the fourth quarter?

In effect, all you've done is move the deadline. Now the HOA would be granting grace periods for payments not received by October 1st.

Again, I will state that the management company, while on the phone with a new owner asking about mf's, had a customer service obligation to urge her to not wait for the bill, but give her the exact amount and mailing address to send payment.

 

[timeos2]

Again, I will state that the management company, while on the phone with a new owner asking about mf's, had a customer service obligation to urge her to not wait for the bill, but give her the exact amount and mailing address to send payment.

Please note that the OP doesn't say anything about calling the resort until AFTER she got the bill with the late fee, etc. In fact the OP talks of hearing things on TUG that there were delays. That alone should have triggered a call to the resort that, done prior to 12/31, could have prevented the whole problem.

 

[cluemeister]

My mistake

Please note that the OP doesn't say anything about calling the resort until AFTER she got the bill with the late fee, etc. In fact the OP talks of hearing things on TUG that there were delays. That alone should have triggered a call to the resort that, done prior to 12/31, could have prevented the whole problem.

I absolutely stand corrected, thank you for pointing that out. I should have read the original post more clearly.

 

[JEFF H]

Jeff,

What if a ts closing is delayed a few weeks, instead of September, it rolls into October? Now the mf is late, as the closing occurred in the last quarter. In effect, you are asking owners to predict the future. This means anyone with a timeshare for sale would have to pay their mf's 90 days in advance or possibly be in default.

They would not be in default untill the maintenace fee was due.
The Resort would simply not accept 4 quarter transfers of ownership unless the maintenance fee was paid inadvance for the following year.
This would be handled thru Escrow just as maintenance fees and Transfer fees currently are.

 

[cluemeister]

That could work

Hey Jeff,

Your suggestion about mf's being due with any 4th quarter closings could work. Most ts owners wouldn't complain about that, because it only affects those that are selling. Most buyers wouldn't complain, as they would just think it's part of the process. Some buyers might complain that it adds an unfair early charge to their closing, but I think that would be minimal.

However, be aware that your solution means payment comes EARLIER to the HOA, not later. It also means that the original poster would have had to pay her assessments 2 months prior to the date of her receipt of a bill.

In principle, I still support one due date for all, regardless of closing date, mailing address, etc.

 

[bingowingo]

with regards to polo towers customer service, they really suck.

I can name names there wherein I was fed up(with regards to their homeowners association)...and almost wanted to throw back their ownership at them(if they had a deed in their clause wherein it says you can sell it to them again, i would gladly have done it a long time ago)....

I have decided to sell my timesharing with them, but I know that when you sell timesharing, it really depreciates, but better sell it than paying exorbitant fees...

 

[dougp26364]

I have decided to sell my timesharing with them, but I know that when you sell timesharing, it really depreciates, but better sell it than paying exorbitant fees...

But, if you purchase another timeshare of equal value on the resale market for the same price or less, have you really lost anything at the point? Perhaps if you sold the PT's unit and purchased something more expensive or did not purchase anything in return there would be a loss but, if it's replaced I feel it's more like a trade.

I have been considering this option of selling and repurchasing a different timeshare in a different location for the past year. I feel like it would be more of a trade (or exchange) than selling at a loss.