EOY and MF's

[MountainGal Junior Member Find all posts View Profile Close MountainGal]

After reading many of the Marriott posts, we finally made the move to purchase a Desert Springs Villas II Red Season on the resale market. We are excited to be in the process of finalizing our first Marriott TS. I have to admit, that I've learned a lot from the questions and answers provided in this TS Forum. So much so, that we cancelled a deal we started in Hawaii so I could learn more about owning and using a TS to our advantage. I believe the cancellation worked out well for us. During my readings, I came across comments concerning EOY and reduced MF's. I attempted to find the post again in case I just got it wrong, but couldn't locate. Not sure what these comments may have meant. I've looked at a lot of resales on-line and haven't come across one that comments on EOY in connection with reduced MF's. Are there weeks that are specific to EOY and do they have reduced MF's?

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

After reading many of the Marriott posts, we finally made the move to purchase a Desert Springs Villas II Red Season on the resale market. We are excited to be in the process of finalizing our first Marriott TS. I have to admit, that I've learned a lot from the questions and answers provided in this TS Forum. So much so, that we cancelled a deal we started in Hawaii so I could learn more about owning and using a TS to our advantage. I believe the cancellation worked out well for us. During my readings, I came across comments concerning EOY and reduced MF's. I attempted to find the post again in case I just got it wrong, but couldn't locate. Not sure what these comments may have meant. I've looked at a lot of resales on-line and haven't come across one that comments on EOY in connection with reduced MF's. Are there weeks that are specific to EOY and do they have reduced MF's?

The maintenance fee's aren't reduced but, since you own EOY you're not paying the full yearly MF every year. Instead you'll pay 50% of the MF each year.

Example: If the yearly MF is $1,000, you would pay $1,000 if you're usage was every year and $500 if you usage is every-other-year. Next year if the MF's go up to $1,100, you'd pay $1,100 if your usage is every year and $550 if your usae is every-other-year.

[riverdees05 Platinum Contributor Find all posts View Profile Close riverdees05]

We own a non-Marriott, every other year - odd year and we pay the manintence fees & taxes in the year we use it and not 1/2 every year. So it can vary with resort or chain of resorts.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

We own a non-Marriott, every other year - odd year and we pay the manintence fees & taxes in the year we use it and not 1/2 every year. So it can vary with resort or chain of resorts.

But the OP asked about a Marriott resort and Marriott charges 50% of that years MF's every year. I suppose that it's possible that some Marriott HOA's might charge the full MF in the year of usage but I haven't heard of a Marriott resort that does that.

[mike2200 Junior Member Find all posts View Profile Close mike2200]

EOY at Marriott Maui Ocean Club

I understand you paid have the annual fees for a EOY is that correct- and when is it due?

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

I understand you paid have the annual fees for a EOY is that correct- and when is it due?

With our Marriott EOY weeks the MF is due yearly at the same time the annual fee's are due. The only difference is we pay 50% of whatever the MF would be for an annual usage week.

This is only with our Marriott ownership. We have another week that is not a Marriott week that is as mentioned above where the MF's are billed EOY in the year of usage. It all depends on how the managing company decides it wants to handle it's billing.