Archives

Capital Improvements

Capital improvements are defined as either an addition or an improvement to a property that will increase its overall value or lifespan. These improvements can be made by both homeowners and property owners of a larger scale, and the exact…

Capital Reserve

Capital reserves detail an amount owed to a timeshare after the deed has been paid for, in order to cover potential repair or renovation costs in the future. This amount is normally determined at the same rate of interest as…

Loan Interest

Interest expense is defined as the cost for borrowing funds. Interest expense is charged by the lender to the borrower and is a non-operating expense. This cost is normally determined by calculating the rate of interest on the remaining amount…

Special Assessment (Housing)

Special assessment is defined as a unique charge that government units can assess against real estate property for various public projects. A main condition of a special assessment is that they can only be levied against real estate property in…

Depositing

Depositing points means to store points or weeks that have accrued for the next calendar year, also allowing them to be used for a greater period of time than normally allotted. With Hilton Grand Vacation Club, depositing next year’s points…

Up-Front Fee

Any payment that is required to be paid by a seller in order to use a resale company’s listing services. Never pay an up-front fee to sell your timeshare! Up-front fees can be also called: • Title Searches • Listing Fees •…

Rescuing

Rescuing means to save leftover points until your next use year as opposed to using them or allowing them to expire. This applies to your current use year through the following year. When rescuing points you lose certain booking options…

Confirm-First

The ability to view trading inventory prior to depositing your points/weeks, or paying a trading fee. Confirm-First refers to a type of booking a timeshare trade. You view available inventory without needing to first deposit your points, allowing you the…

Borrowing

Some timeshare owners have the availability to borrow points from their upcoming use year, allowing them more options for travel locations and times of the year. It is important to understand that if you borrow the full extent of your…

One-In-Four Rule

A rule adopted by certain vacation clubs, that states you are allowed to book a reservation at a specific resort only once every four years. If you are booking your preferred location, you will be allowed to book reservations there…