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Maintenance Fees / Pro-Rating

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  • Maintenance Fees / Pro-Rating

    Ok, so I have been doing some research and a little reading around but am still a little confused. In the past MF's have always been released and payable in June, with the use year being June 1st to May 31st. If you wanted to make a reservation for a date AFTER June 1st in a given year you had to pay the next years MF's. That all makes sense.

    Recently of course a decision was made to change the use year to match the calendar year which I actually am looking forward to I think. Here is my question though;

    I paid my 2015/2016 MF's of $1,072.70 in January 2015. These would have been the fees for June 1st 2015 to May 31st 2016. When I log into my account now, it showed an additional $647.64 owing which was MF's, Reserves, and real estate tax. So if I am correct, this is for the rest of 2016 and I should not have another MF bill until 2017?

  • #2
    I'm in Timbers. I had to pay $1,201.29 in February to make an October reservation. It looks like on April 30th they billed $719.55 due June 1st, leaving me with a credit of $481.74 (but never sent me a paper invoice). I would expect to get a bill in November for calendar year 2016.

    I did just call in to get the $5 "voluntary" ARDA contribution credited back.
    Scott

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    • #3
      Originally posted by gandalf252002 View Post
      Ok, so I have been doing some research and a little reading around but am still a little confused. In the past MF's have always been released and payable in June, with the use year being June 1st to May 31st. If you wanted to make a reservation for a date AFTER June 1st in a given year you had to pay the next years MF's. That all makes sense.

      Recently of course a decision was made to change the use year to match the calendar year which I actually am looking forward to I think. Here is my question though;

      I paid my 2015/2016 MF's of $1,072.70 in January 2015. These would have been the fees for June 1st 2015 to May 31st 2016. When I log into my account now, it showed an additional $647.64 owing which was MF's, Reserves, and real estate tax. So if I am correct, this is for the rest of 2016 and I should not have another MF bill until 2017?
      This seems incorrect. You should call them.

      I had a credit in my account of $711 for pre paid (borrowed) points maint fee, they took my 6 month $647 out of that amount.

      Since you prepaid in January, you should have a credit of $1,072.70 minus $647 that you can apply to your Jan 2016-Dec 2016 fee.

      Call.
      Pat
      *** My Website ***

      Comment


      • #4
        Yep, I read it wrong. It is actually showing a credit of $647.64 so since I paid $1,072.70 I now have a credit of $647.64. I totally missed the () around the number showing a credit owing to me which will of course be applied to my statement next year in January.

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        • #5
          Originally posted by gandalf252002 View Post
          Yep, I read it wrong. It is actually showing a credit of $647.64 so since I paid $1,072.70 I now have a credit of $647.64. I totally missed the () around the number showing a credit owing to me which will of course be applied to my statement next year in January.
          My curiosity is whether they will let us reserve past 12/31/15?? B


          Has anyone tried?
          Pat
          *** My Website ***

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          • #6
            Originally posted by GrayFal View Post
            My curiosity is whether they will let us reserve past 12/31/15?? B


            Has anyone tried?
            I'll be calling in tomorrow to do that, and I'm guessing I'll have to pay the 2016 estimated MF.
            Scott

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            • #7
              Originally posted by scootr5 View Post
              I'll be calling in tomorrow to do that, and I'm guessing I'll have to pay the 2016 estimated MF.
              Let me know!
              Pat
              *** My Website ***

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              • #8
                Originally posted by GrayFal View Post
                Let me know!
                Unfortunately, we were traveling to Myrtle Beach today and got delayed so I didn't get a chance to call. I'll let you know Monday.
                Scott

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                • #9
                  They did not make me pay any estimated fees today.
                  Scott

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                  • #10
                    Great news. Thanks.

                    Additional question. Did you deposit or just reserve for your own use?
                    And I wonder if this would make a difference.
                    GrayFal
                    Silver Contributor and supermoderator
                    Last edited by GrayFal; 07-13-2015, 12:50 PM.
                    Pat
                    *** My Website ***

                    Comment


                    • #11
                      L
                      Originally posted by GrayFal View Post
                      Great news. Thanks.

                      Additional question. Did you deposit or just reserve for your own use?
                      And I wonder if this would make a difference.
                      I reserved for my own use, so that might make a difference (although when I was reserving an October week earlier this year for my own use, they still made me prepay since the check in date was after June 1st).
                      Scott

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