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Frequently Asked Questions (FAQs)

We will continue to update this page with answers to your frequenly asked questions. Before you read on we highly recomend you read "A Consumers Guide To Vacation Ownership" produced by the American Resort Development Association (ARDA) by folowing this link: http://www.arda.org/consumer/guide/guide.htm


Answers to your Frequently Asked Questions:

What Are Association Fees?

Association fees are fees paid each year to a HOA for the maintenance of the resort. Just like taking care of a home, resort maintenance fees help maintain the quality and future value of the resort property. In a vacation ownership resort, maintenance costs are shared by all owners. They pay for on­site management, unit upkeep and refurbishing, utilities and maintenance of the resort's common areas and amenities, such as pools, and tennis courts. Just like residential condominium owners, after management has been turned over to vacation owners, they determine the fees through their HOA Board of Directors. The amount of the yearly maintenance fee typically depends on the size, location, and amenities of the resort. Maintenance fees are assessed and paid annually by each vacation owner.

What Are the differences between fixed or floating time?

Vacation intervals are sold as either fixed or floating time. With fixed time, the unit, or unit type, is purchased for a specific week during the year. That week is reserved for the owner every year, subject to cancellation if the vacation owner does not plan to use it in a given year. Floating time refers to the use of vacation accommodations usually within a certain season of the year, often within a three­ to four-month period such as spring or summer. The owner must reserve his or her desired vacation time in advance, with reservation confirmation typically provided on a first­come, first­served basis. The purchaser at Jacob's Landing Condominum receives a deed under a floating time arrangement. Some price differences are based on demand within each season.

More FAQs to come...



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