Just like home, Pinestead Reef has financial obligations. Each owner pays their share of the overall annual operating expenses in the form of an annual maintenance fee. The annual fee is all-inclusive, meaning there are no additional billings for property taxes, etc., like at some resorts. Over the past twenty-five years, the annual maintenance fee has increased at an average annual rate of only 1.9% per year. From time to time, on the recommendation of the Board of Directors, a special assessment may be required to undertake and complete major capital improvement projects. Special assessments must be voted on and approved by a majority vote of the Owner’s Association members! Any future special assessments will not be a surprise, and the individual timeshare owners can vote yes or no on assessments!