Although annual management fees are used to manage and maintain a resort it sometimes happens that additional money is required to meet some considerable and unexpected expenditure. It could be some major refurbishment or building work is required or shortfalls sometimes result from changes in taxation rules or currency exchange rates etc.
When this happens a resort/club will inform owners there will be a ‘special levy’ explaining what it is for, how it has been calculated, and how it will be collected. Resort constitutions usually provide for this eventuality and you should check your ownership documents for further information. If your resort/club has an owners committee contact them for information, although it is likely they will already have written to owners.
When a special levy is raised it is a requirement for all owners to make payment in the same way as applies to annual maintenance fees.
Further information on this can be found in TATOC Consumer Guide 81 here.