What should owners do if unexpected repair costs arise?

When unexpected repair costs arise, it is important for timeshare owners to address these costs in a timely and responsible manner. Paying special assessments, when applicable, is the best course of action because special assessments are specifically designed to cover costs that are not included in the regular maintenance budget.

Such assessments typically arise for significant repairs or improvements that cannot be managed with the standard maintenance fees. Taking this approach ensures that the necessary repairs can be made promptly, maintaining the property's value and the satisfaction of all owners involved.

Using funds from regular maintenance fees is usually not appropriate because these fees are allocated for ongoing operational costs and regular maintenance of the property, not for unforeseen or extraordinary expenses. Waiting until the next meeting would likely delay necessary repairs and could exacerbate the situation, leading to more costly issues later. Selling the timeshare immediately might not address the problem at hand and may not be a feasible solution, especially if a quick sale isn't possible. Ultimately, paying the special assessment allows owners to meet the needs of the timeshare community proactively and effectively.