#timeshare
Accounting for timeshare and vacation ownership resorts, including maintenance fees, special assessments, and reserve fund management
Exit a paid-off timeshare four ways: rescind within days, deed it back, resell at market value, or donate with an appraisal. Never pay an upfront exit fee.
Maintenance fees, special assessments, and reserve funds need separate ledgers — commingling them is why timeshare and vacation ownership resorts end up issuing surprise assessments averaging $1,800 or more per owner when reserves run dry.
