What You Need To Known When Buying A Timeshare-Part 3

Well, we've talked briefly about understanding all the terms and conditions as well as those pesky annual fees.

Today, it's Special Assessments.

Are there any special assessments, and if so, what are they, and what are they for?

Although the developer or the HOA does have the right to levy special assessments, individual owners are entitled to know what the assessment is for.  If the resort has levied multiple special assessments throughout the years, it might be an indication of financial instability.

This thread will resume on Monday.  Tomorrow we take a break as we'll have a Guest Blog from our friends at Worldwide Timeshare Hypermarket on The Algarve in Portugal!