They pay for on-site management, unit upkeep and refurbishing, utilities and maintenance of the resort s common areas and amenities, such as pools, tennis courts and golf courses. 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 accessed and paid annually by each vacation owners. Today, there are a variety of vacation ownership products and usage plans from which to choose, enabling consumers to purchase the type of vacation ownership that best matches their needs and lifestyle.
Vacation ownership is a term that describes a method of use and ownership.
It denotes exclusive use of accommodations for a particular number of days each year. Usually sold by the week, it is also called interval ownership. All ILX Resorts owners receive a deeded agreement. Vacation clubs or points-based programs provide flexible use of accommodations in multiple resort locations. ILX Resorts leads the industry in vacation club flexibility with our ILX Premiere Vacation Club.