Just wondering what other owners who are interested in exchanging their weeks through RCI, 7 Across etc feel about the prepayment of management fees policy adopted by the resort.
Our week is September and management fee billing is usually July.
Tried to bank our 2025 week late last year but couldn’t do so without paying the 2025 management fee (almost a year in advance)
This may be ok for those with weeks early in the year but seems punitive to those later in the year.
Without paying, we cannot bank and therefore have no options for use of the week.
I had hoped that payment of the ‘base’ fee would be sufficient at this stage but no, FULL payment including levied is expected.
Anyone else had similar experience - thoughts?
Catch 22
Thank you for sharing your thoughts on the prepayment of management fees for banking weeks with RCI and other exchange providers.
To clarify, RCI requires confirmation from the resort that a member is fully paid up before they accept a week for banking. Once a week is banked, it is made available to another holidaymaker, and in return, the member banking it can exchange for a stay elsewhere. This means there is no flexibility on the requirement—management fees must be fully paid before a week can be banked.
While it’s possible that enforcement of this policy may not have been consistent in the past, it will be fully upheld going forward to ensure fairness and financial stability for the club.
We understand that this may feel more noticeable for those with later-year weeks, but the policy applies equally to all members to ensure that every banked week is secured and that the resort is not left at financial risk.
If there are any further questions or concerns, we’re happy to discuss them.
To clarify, RCI requires confirmation from the resort that a member is fully paid up before they accept a week for banking. Once a week is banked, it is made available to another holidaymaker, and in return, the member banking it can exchange for a stay elsewhere. This means there is no flexibility on the requirement—management fees must be fully paid before a week can be banked.
While it’s possible that enforcement of this policy may not have been consistent in the past, it will be fully upheld going forward to ensure fairness and financial stability for the club.
We understand that this may feel more noticeable for those with later-year weeks, but the policy applies equally to all members to ensure that every banked week is secured and that the resort is not left at financial risk.
If there are any further questions or concerns, we’re happy to discuss them.
Presumably you ( MCPH003) must be the owner of an in perpetuity week judging by your description of payment arrangements to the club.
If you were a term owner you wouldn’t have this issue since maintenance fees etc are paid upfront at the commencement of the term.
Term ownership however has lost its appeal now that term owners have suddenly been stripped of all rights previously held other than the right to occupy their assigned week.
If you were a term owner you wouldn’t have this issue since maintenance fees etc are paid upfront at the commencement of the term.
Term ownership however has lost its appeal now that term owners have suddenly been stripped of all rights previously held other than the right to occupy their assigned week.
I have for the past umpteen years normally paid my fees or majority of my fees in April/ May.
Any extra money I had to pay was paid when I arrived for my week in July.
Our accounting systems at the club should be able to cope with advance payments.
The club should only be too happy to accept which make me think,maybe it's not the accounting system that is the issue.
Any extra money I had to pay was paid when I arrived for my week in July.
Our accounting systems at the club should be able to cope with advance payments.
The club should only be too happy to accept which make me think,maybe it's not the accounting system that is the issue.