Prepaying Maint. fees?

[Skicop]

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 are trying to combat people depositing and then not paying the fees which i can understand but there has to be a better way.
They are penalizing all their good faith owners over the few bad eggs.
in order to deposit 2024 i have to pay 2024 fees now. the fees are not even known so i'm to OVER pay them now.
UGH
you can deposit 2 years in advance so if i wanted to deposit 2025 now i'd have to pay 2025 now too?

anyone else come across this?

 

[Sandy VDH]

I do this all the time, as I have weeks that are early in the year, and if you wait until mfs are billed you are too late to deposit for full value.

So all you do is pay the current year bill, and then you get charged the difference between this year and next year once the bill for next year is figured out.

Very few places will allow you to deposit without paying MFs first, I assume too many have been burned by it is already used up in RCI, but no one left who is willing to pay the bill in the next year.

 

[rickandcindy23]

Some resorts have that policy. Our older legacy resorts always allowed owners to deposit weeks without paying fees ahead, and our new managemet company, we switched management companies years ago, was stopping owners from depositing, but the board, which I was a part of at the time, told management to allow deposits. So if you have a legacy resort, you can always talk to the board.

 

[easyrider]

We have to pay our mf to reserve a unit with UVC which means we are pre-paying because we are reserving as far out as we can. I'm not certain but I don't think we do for Worldmark and VI.

Bill

 

[b2bailey]

At this moment, I can deposit 2024 week for Marriott Timber Lodge without paying M.F.
My stand-alone timeshare, Gaslamp Plaza Suites, would require payment of M.F. first, before deposit.

I just follow the rules.

 

[FunnyFarm]

At Point at Poipu we cannot make a 2024 reservation without paying that years maintenance fee (LY rate) or some arrangement.
There was a 12-monthly plan I used in the past (for the year forward), but too many reserved and defaulted.
Last year I paid 75% up front and monthly on the balance. So the policy has been erratic.

At Lawai Beach Resort I think they did not make me pay up front for my next reservation, 2 years out.
There you can book 24 months out so paying forward would mean two years up front.

At Worldmark we have borrowed future points and I believe they did not ask for any fees.

 

[nerodog]

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 are trying to combat people depositing and then not paying the fees which i can understand but there has to be a better way.
They are penalizing all their good faith owners over the few bad eggs.
in order to deposit 2024 i have to pay 2024 fees now. the fees are not even known so i'm to OVER pay them now.
UGH
you can deposit 2 years in advance so if i wanted to deposit 2025 now i'd have to pay 2025 now too?

anyone else come across this?

Yes I have same issue with VRI resorts that just changed hands.

 

[bnoble]

My fixed weeks have always required prepayment to deposit, and I’ve owned them for about twelve years now. To deposit 2024, I pay an amount equal to 2023 fees and am billed for the remainder.

Technically I am also prepaying the fees on my converted Wyndham weeks. IIRC they estimate the next year’s fees, and correct for errors errors (high or low) in the following year’s estimate. This tends to make the converted week fees a little more erratic from year to year than if they were unconverted because I pay for e.g. 2024 spread out monthly over 2023, and the monthly bills are set well before the budget is known.

 

[Born2Travel]

At Worldmark we have borrowed future points and I believe they did not ask for any fees.

That's interesting, I was told I couldn't deposit any borrowed credits to Ii

 

[JudiZ]

My Bluegreen resort (Suites at Hershey) lets me book my resort a year out; if I plan to rent or deposit the week, I need to prepay a MF for the week, if I am using it myself I don't. That has always seemed fair to me.

 

[mdurette]

The 2 independents that I have owned have this policy. I would pay 2024 based on 2023 and then in January get billed for whatever the increase was. Normal and makes sense to me at least.

 

[FunnyFarm]

I must be wrong about Worldmark.
Or, there may be a difference between making a II deposit vs. a simple WM reservation which they could possibly cancel due to non-payment.
It's been a while since we borrowed points since covid put us in a catch-up position with all out TS.

 

[Carolinian]

The 4 resorts on the NC Outer Banks that I have owned at all had that policy, as have most of the resorts I have owned at overseas. You prepay at this year's rate, and if it goes up, you pay the balance then.