Irrespective of whether you own a villa, shared ownership slot or timeshare weeks there are a number of unavoidable costs associated with the use of the investment. These include items such as: Electricity and water. Rates and taxes, Insurance, Domestic servicing, Upkeep of gardens and common amenities, Laundry, Maintenance, Replacement, Refurbishment and Management etc.
In San Martinho Beach Club all timeshare owners contribute to these costs by means of a levy determined by the SMBC Management Association. The management company invoices owners for the levy in advance of the time module being occupied. It is important to understand that no-one may profit from the levy. It is there to cover the operating costs of the timeshare scheme. The Association will estimate amount which will be needed to meet estimated expenses during each operational year together with any deficiency from the preceding operational year and an amount to be held in reserve for future renovations and refurbishments. Levies are payable by the last day of January each year.