Old Timeshare Maintenance & Management fees
We continue to receive calls from worried Timeshare owners who have received overdue maintenance bills from their Timeshare company. Some of the Timeshare owners have paid timeshare exit companies to assist them with the relinquishment process but now have received these communications from their Timeshare company with the overdue fees. They now realise that they continue to own the Timeshare and remain liable for the debt.
Your Timeshare is not relinquished if: –
- You have a letter from a exit company but not supported with confirmation of release from your timeshare resort;
- A “certificate” from an exit company but not from your timeshare resort;
- You have written to the resort requesting release and have not received a response;
- You have not received any communication from the resort for several years;
- A 28-day notice of surrender from your timeshare resort; or,
- Any other document which does not come from your timeshare resort.
Your timeshare is ONLY relinquished if you have a letter or other genuine communication (such as an email) from your timeshare resort confirming that your ownership is at an end.
Nothing less will suffice.
Common Timeshare Questions
Many Timeshare owners have the same questions about work that has been done on their behalf by exit companies. We have tried to answer the most common ones below: –
Q: I have a letter saying that my membership is suspended. Am I out of my timeshare and free of my financial obligation?
A: No. As it states, your timeshare is simply suspended. The timeshare resort can reinstate your membership at any time and until it is confirmed that you have been released you remain liable for fees. Some companies may add interest to any outstanding fees.
Q: I have a letter from a non-regulated exit company. The fact that I can prove I have paid them for a timeshare relinquishment service must stand for something?
A: No. Your timeshare is ONLY relinquished if you have a letter or other genuine communication from your timeshare resort confirming that your ownership is at an end. Please remember that your contract is with the timeshare company and it is their responsibility to confirm release.
Q: I have not heard anything for some time. Surely, it is the timeshare resort’s responsibility to contact me?
A: No. You have signed a contract. You are still bound by your contractual obligations until formally released by the timeshare company.
Q: How can a Timeshare resort recover their debt?
A: They can instruct a debt-collection agency to try and recover the money. If that does not work, they can issue proceedings against you in Court. They can claim costs and interest in addition to the debt. This could increase the money owed significantly.
Q: What are the consequences of a judgment against me?
A: If it is not paid then your credit rating could be negatively affected. The Timeshare resort would be entitled to enforce the debt. This could involve instructing court bailiffs, a charging order on your home, an attachment of earnings Order, and other possibilities. The costs of all of these actions would be payable by you and it is essential that you take appropriate legal advice from a regulated timeshare specialist lawyer at an early stage.
Q: What can I do to prevent this?
A: Contact us today for a no obligation discussion about whether you have been genuinely released from your Timeshare and your options. If you have any lingering doubts about whether the exit company acting for you has successfully released you from your timeshare contract, please get in touch for our assistance.
Sarah Waddington Solicitors
Just a reminder that no matter what any of these people say, Sarah Waddington Solicitors do NOT work with any 3rd parties and are not working in partnership with any other companies, especially nonregulated companies. If you are told otherwise, please get as much detail as you can and forward it on to us. We will deal with it appropriately.
Finally, remember any genuine timeshare solicitor will be extremely careful to manage a client’s expectations. They will be honest and realistic with what could possibly be achieved in regard to your individual case. If someone claiming to be a lawyer or solicitor has been in contact contacted, be sure to do your research and check if they are regulated by the SRA and if the individual is registered as a solicitor.