Fairshare Vacations

Key facts from Fairshare Vacations's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

timeshare vacation plan (Fairshare Vacation Plan)

Assessments & dues

FairShare Plus Assessment consists of Program Fee and OA Fee; no fixed amount stated (Section 10.01)

Special assessments

Yes, for Program Fee shortfall (Section 10.06(a)) and OA Fee adjustments (Section 10.06(b)) (Sections 10.06(a) and 10.06(b))

Collections & liens

Trustee has a lien on Use Rights for delinquent Program Fees, subordinate to OA lien and lender liens; Trustee may enforce per applicable law (Section 10.07)

Reserves & fees

Wyndham and/or Plan Manager may charge a reasonable transfer fee for documenting transfer (Section 12.01)

Voting & meetings

Each Member entitled to one vote at Association meetings regardless of Points; multiple owners designate one Voting Member (Section 13.01)

Amendments

Trustee may join with Wyndham in executing amendments to this Trust Agreement; Wyndham may amend Directory unilaterally (Sections 7.04(d) and 11.01)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.