Berjaya Vacation Club Forum

A liaison Forum between BVC members and Berjaya Vacation Club management to voice out issues to protect common interest for both parties.


    Beware : Outstanding Maintenance Fees

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    cheowhin
    Moderate Contributor
    Moderate Contributor

    Posts : 41
    Join date : 2009-07-14

    Beware : Outstanding Maintenance Fees

    Post  cheowhin on Thu Aug 12, 2010 12:03 pm

    Hi all,

    Recently I just paid my maintenance fees which amounted to RM 762.40.
    Annual Maintenance Fee Year 2009:RM330.00
    Annual Maintenance Fee Year 2010:RM373.00
    Late Payment Interest :RM 59.40
    Total :RM762.40

    Amount Due Yr2009 LPI per month As at 1/7/2010
    RM330.00 x 1.5%
    x 12month =RM59.40

    From what the above, it does give me a shock, though part of it I
    should also be blamed for not paying the AMF BUT with that kind of
    service, does anyone expect to pay for it after so much of hassle/
    frustration/etc for not being able to utilize their entitlement? Do
    they expect members to obediently pay the AMF?

    Back to the topic, it does gives me wonder, if I don't plan to utilize
    the entitlements from now on and not paying AMF for the going on
    years. Lets make an example and have the AMF fees stagnant.

    Year 2010 AMF = RM 373.00

    By Year 2040
    2010 AMF = RM 373.00 + (373.00*1.5%*12*30) = 2,387.20
    ~~~
    2039 AMF = RM 373.00 + (373.00*1.5%*12*1) = 440.14
    2040 AMF = RM 373.00

    Total Amount Owing to BVC Year 2040 = RM 42,783.10

    So eventually,by the end of the period of my membership rather than
    having back my 38k, now I lost my RM 38k and still owe BVC RM
    4,783.10. So at the end I'm SCREWED even though I don't plan to
    utilise any of the entitlements.

    NOTE : Please take note that the it was not calculated as compounded
    interest. If that happens, looks like I'm going into deep debts.

    Regards,
    Brandon

    Lion King
    New Contributor
    New Contributor

    Posts : 9
    Join date : 2010-08-02

    Re: Beware : Outstanding Maintenance Fees

    Post  Lion King on Fri Aug 13, 2010 2:57 am

    mst I remind you there is a legally binding contract between u n BVC tht was signed by you.
    boycotting the fee will sure let BVC files a case against you.

    from what I see, we may petition against the guidelines and prove to the court if need be tht it is currently not possible to fully utilise our allocation and it is unreasonable for BVC to impose these unfair booking procedure. Once proven in court, the floodgate will open to let other disgruntled BVC members to reclaim some of their money back.

    sound easy isnt it?


    cheowhin
    Moderate Contributor
    Moderate Contributor

    Posts : 41
    Join date : 2009-07-14

    Re: Beware : Outstanding Maintenance Fees

    Post  cheowhin on Fri Aug 13, 2010 9:11 am

    Lion King wrote:mst I remind you there is a legally binding contract between u n BVC tht was signed by you.
    boycotting the fee will sure let BVC files a case against you.

    from what I see, we may petition against the guidelines and prove to the court if need be tht it is currently not possible to fully utilise our allocation and it is unreasonable for BVC to impose these unfair booking procedure. Once proven in court, the floodgate will open to let other disgruntled BVC members to reclaim some of their money back.

    sound easy isnt it?


    Nah, I'm doing this to remind those that they haven't pay any maintenance fees for years and what to expect of it.

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