Timeshare payments Sample Clauses

The Timeshare payments clause defines the obligations and procedures for making payments related to a timeshare arrangement. It typically outlines the schedule, method, and amount of payments required from the timeshare owner, such as annual maintenance fees or periodic dues, and may specify penalties for late payments. By clearly establishing the financial responsibilities of each party, this clause ensures timely collection of funds necessary for the upkeep and management of the timeshare property, thereby preventing disputes and maintaining the property's value.