A home fire is always devastating, burning away memories and scorching years of work and love, often within a matter of minutes. However, when a fire swept through a timeshare unit at Poipu Kai recently, the response was bound to be a little different. While the sentimental attachment and sense of ownership may not be quite as strong because of the shared and part-time nature of a timeshare, the monetary toll is likely to be much more widespread.
The fire was first spotted by a construction crew who was working on another area of the complex. Though they attempted to extinguish the fire themselves, they were unsuccessful, and the fire was reported at eleven in the morning to fire crews. Even though help arrived promptly, the blaze swept through one unit at the Manualoha complex in Kaua’i County.
Though the fire was under control in less than forty minutes and completely extinguished by one in the afternoon, the entire lower level of the two-bedroom home was destroyed. The upper level is in better condition, but still suffered smoke and water damage. While the fire did not spread to surrounding units, at least one neighboring home also is reported to have smoke and water damage as well.
While no one was hurt in the fire, timeshare owners with units at Poipu Kai should be especially aware of what is likely to come. Even though only a few units were damaged by the flames, all timeshare owners in the complex are likely to soon be hit with something just as bad: special assessment fees. These fees are often standard when renovations are needed on any part of a timeshare complex. Since the property and facilities are owned by multiple people, all parties with a stake in the timeshare must share the cost of all renovations and maintenance, continuing to may their typical maintenance fees on top of the special assessment fees needed to fund more work. To make the situation even harder to tolerate, the payments must be made even while the timeshare owners have no access to the complex.
The continued bad news for timeshare owners at Poipu Kai is that the fire left an estimated $900,000 in damage. Even sharing the burden, this cost is significant, as is the time it is likely to take to finish the renovations, making this fire a devastating blow for individuals and families who enjoy vacationing at Poipu Kai. Unfortunately, depending on the timeshare contract agreed upon by members, owners may have no choice but to comply with a special assessment fee or risk forfeiting their timeshare.
The cause of the fire has yet to be determined, as does the actual impact for timeshare owners. Everyone can hope for no foul play to be involved, in terms of the fire itself and the monetary aftermath.
About the Author: The timeshare experts at Apex Professionals, LLC, concentrate on helping disillusioned timeshare holders to rid themselves of unwanted maintenance fees, unnecessary assessment costs, and to do away with those annoying high-interest mortgages by offering to take over unwanted timeshare agreements instantly. Related posts:
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