Who is responsible for paying assessments to the owners association for any unsold timeshares?

The responsibility for paying assessments to the owners association for any unsold timeshares lies with the developers. This is because developers typically retain ownership of any unsold timeshare intervals until they are sold. As the owners of these unsold units, developers are obligated to contribute to the shared expenses of the timeshare resort, including maintenance, utilities, and other associated costs that the owners association may incur. This ensures that the financial obligations of the timeshare property are met, even when there are unsold timeshare units, allowing the community to function smoothly and maintain its facilities.

Sales agents, while integral to the selling of timeshares, do not hold financial responsibility for unsold units. Timeshare owners are only responsible for the assessments of the timeshares they own. The state government does not collect assessments for timeshare properties, as these are managed at the level of the owners association and developer.