Timeshare Special Assessment Fee, What Is It?

Published by David Van Norman

Tweet about this on TwitterShare on FacebookShare on Google+Pin on PinterestShare on RedditEmail this to someone

A special assessment fee is a fee that has to be paid by the owners of a club in order to offset a, usually unforeseen, expense. This fee is paid in addition to annual maintenance fees. WorldMark owners have never paid an assessment fee.

Why Do Special Assessments Exist?

Special assessments can be imposed on timeshare owners for many reasons. The most common situation is when a natural disaster happens that cannot be covered by the amount of money the owners are paying in maintenance fees. This type of timeshare fee is most common among smaller clubs that lack a large general fund. Most of the bigger developers such as Hilton, WorldMark, Marriott, Disney etc. are protected by liability insurance, or have large general funds which are reserved for such situations.

How Can I Avoid Paying Assessments?

These fees aren’t very common, but can be avoided by choosing a timeshare club with a very established, high profile developer. Many of the big names in timeshares (such as Hilton, WorldMark, Marriott, Disney and more) have taken counter measures to prevent owners being burdened with extra, unforeseen fees including special assessments.

Through education we hope to take the scare factor out of owning and buying a timeshare. Many of the issues and problems owners have can be easily avoided with a little help from a knowledgeable owner and a bit of forethought.

Feel free to check out some of our other informative articles:

10 Reasons Why You Should Buy A Timeshare

What is First Right of Refusal?

What is WorldMark Bonus Time?

What are One Time Use Credits?

What is WorldMark Travelshare?

Timeshare Articles

  • Am I Discriminated Against If I Buy My Timeshare Resale?

    Timeshare Resale Discrimination

    Resale may have a negative connotation to many people because it is perceived as “second-hand” or “used”, but timeshare resale is different than other forms of resale. But the questions remains, “Will I be discriminated against if I buy my timeshare resale?” Clear The Air The short answer…

  • What is the Process of Buying a Timeshare Resale?

    shopping cart icon thumbnail

    Buying a timeshare can seem like a daunting task but the process of buying a timeshare resale is actually quite simple. Much of the logistics that go into buying and transferring a timeshare ownership into your name do not fall to you as a buyer. This article will…

  • Hilton Grand Vacations Club Reservation Cancellation Policy

    Hilton Grand Vacations Club Reservation Cancellation Policy Thumbnail

    Over the span of ownership of your Hilton timeshare, you may have to cancel your reservation for one reason or another. Hilton Grand Vacations Club reservation cancellation policy is a straightforward timeline that makes understanding quick and simple. HGVC Cancellation Policy HGVC’s cancellation policy is based on the…


Please feel free to Call Us at 1.917.482.8347 or fill out our contact form on our Contact Us page