Owners - Lawai Beach Resort

LAWAI BEACH RESORT

- - - Let The Buyer Beware! - - -

The Board of Directors at Lawai Beach Resort have an ongoing commitment to present the owners with a variety of exchange options. This is why we currently have agreements and/or affiliations with Resort Condominium International (RCI), RCI Points Program, Interval International (II), Trading Places International,

International Cruise and Exchange (ICE) Gallery, San Francisco Exchange and Hawaii Time Share Exchange (HTSE).

Some point-based vacation clubs operate much the same as an exchange company. The owner has the option of using his or her fee simple ownership week(s) at Lawai Beach Resort or banking that week and receiving points for use at other comparable properties for days or weeks, or for other travel-related services such as airfare, cruises, car rentals, etc. Ordinarily, you remain the owner of the week and you

continue to have a voice through your elected Board representatives. This is the main reason why the Board, several years ago, decided to make the RCI Points Program available.

However, some point-based vacation clubs may require you to relinquish your

fee-simple deed of ownership into a trust. In this case you would be credited with points, and you would have to exchange back into Lawai Beach Resort or to any other resort or vacation option – subject, then, to availability within that vacation club’s holdings in or access to any specific property. Further, having relinquished your ownership, the vacation club trust would be empowered to cast any and all votes in annual elections of Directors and Annual Meetings of the Board. As the legal owner of your one-time interest, they would have a voice at such meetings and as they see fit. A long-term potential danger to this option is that if the “vacation club trust”/ corporation obtains enough interest in Lawai Beach Resort(LBR), they could control the election of officers on the LBR Board of Directors, hence, control the fees and maintenance of this Resort.

Today the LBR Board of Directors consists of owners who are concerned about the value of the property and keeping fees to a minimum. If the control of the Board of Directors swings to a “vacation club trust”/corporation, the emphasis of the fees could change in order to maximize the profit to the “vacation club trust.”

Lawai Beach Resort owners are not precluded from joining any non-affiliated exchange company or vacation club, but, now – more than ever – the old adage applies: LET THE BUYER BEWARE!

As a result of a number of inquiries, we reprint this article from previous issues of the Lawai Beach Resort Newsletter.

Aloha Owners,

If paying online, please refer to your statement for the VISA / MASTERCARD payment amount (which includes a 2% convenience fee).

You will need to enter this amount in the PAYMENT AMOUNT box, if you use the BALANCE DUE amount shown online, you will be charged the 2% convenience fee on the next business day.

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Maintenance Fees

Property Tax

Maintenance Fees

Real Property Information

Your time share at Lawai Beach Resort is Real Property. Property taxes are paid by you through your yearly maintenance fees. Below are the figures for the current year's Property taxes per unit type/per week.

Please inquire with your personal tax specialist for any questions regarding this information for deductions on your income taxes.

Property Tax

For questions concerning your owner’s account including maintenance fee payments and ownership issues, please contact Malia Beniamina at acctrec@lawaibeach.org or 808-240-5388

For any reservation questions or concerns, including availability, space banking and RCI Points, contact our reservations department by email at reservations@lawaibeach.org, by fax at 808-240-5186 or by phone at
808-240-5313.

Remember, all reservation requests MUST be in writing by mail, fax, e-mail or on the website reservation form.

*Watch Out for Resale Scams*

Companies Take Advantage of Owners Wanting to Sell. We’re hearing more and more stories of owners who have been taken advantage of by unscrupulous con artists calling themselves timeshare resale agents. Here’s the skinny: an owner is convinced by phone or mail that the “resale company” can sell their timeshare quickly, but it costs $500 up-front to list the property, or they require an “appraisal fee.” When an owner tries to contact the company to find out the status of their supposed listing, they find the phone is constantly busy, they can’t talk to a live body, or the line has been disconnected.

A real estate agent must be licensed in the State of Hawaii. Legitimate companies will not require any up-front fees, you don’t pay anything until your unit is sold!

What can you do if this has happened to you? Notify the Attorney General and the Better Business Bureau in the state in which the office does business.

Ownership Changes

If there are any changes that would effect your title (i.e. deceased owner, transfer to a trust, marriage, divorce or any transfer of ownership), please forward a copy of documentation and a copy of the newly recorded deed(s) for our files.

Resale Information

If for some reason you find yourself looking to sell your week, your options are:

1. Onsite timeshare resale company, Vision Realty
Edward MacDowell (Broker) 808-651-0660 or LawaiResales@gmail.com

2. Use the resale company of your choice.

3. Sell it on your own.

2025
Jan 22
May 21
Sept 24

Board Meeting Dates

2026
Jan 28
May 20
Sept 23

2027
Jan 27
May 19

Sept 22

Owner Accounts Calendar

July (1st week) - 2025 Owner Statements mailed.

October 1st – Payment due on all contract balances.

October 10th – All outstanding balances must be paid in full by close of business (4:00 pm HST)

October 11th – Late Fees of $50 assessed per contract with any outstanding balance. (Section 8.9(c) of your time share by-laws). Statements mailed.

November 1st – Finance charges assessed at 1.5% on any outstanding balance Statements mailed.
**Outstanding amounts are subject to a 1.5% Finance charge assessed on the first business day of each month. **
December 1st – An owner's occupancy rights will be automatically suspended by its association when their account becomes delinquent. (Section 10.3 and 10.3(f) of your time share by-laws). All confirmed reservations (current and future years will be canceled. Foreclosure process begins.

Maintenance Fee Payment Information
Maintenance fee payments are accepted anytime throughout the year. Incremental payments are allowed, however, the entire account balance must be paid by the due date of October 1st to avoid penalty charges.

Forms of payment accepted: (Payments are processed upon receipt)

1. Credit Card – Visa and MasterCard - a 2% credit card % convenience fee is assessed. DEBIT and PREPAID CARDS NOT ACCEPTED

2. Check - Payable to Lawai Beach Resort. (US FUNDS)

3. Cashier's Check / Money Order - Payable to Lawai Beach Resort.
(US FUNDS)
4. Bank Wire - $13 fee per transaction.

***PAYMENTS ARE PROCESSED UPON RECEIPT***
Please allow up to 15 business days for your check to clear your financial institution account.

Payment Options

1. On-line Web Payment (credit card – Visa or MasterCard) – Login to www.lawaibeach.org and click on the Owners tab, then click on the Owners’ Login tab (located to the right). PLEASE READ THE POP UP SCREEN and then click continue to Owners’ Login. You will need your owner number (located on the front side of this statement) and your password. If you

have forgotten your password, contact Malia Beniamina at acctrec@lawaibeach.org or Sherrie Chan at s.chan@lawaibeach.org for assistance.

2. Bank Wire – call 808-240-5388 for wire transfer info Monday – Friday, 9:00am to 4:00 pm (HST).

3. Phone (credit card – Visa or MasterCard) – call 808-240-5388 to pay using your credit card. Payments by phone may be made Monday – Friday, 9:00 am – 4:00 pm (HST).

4. Fax – Fax your Credit Card (Visa or MasterCard) payment information to
808-240-5189. This comes directly to the accounting office.

5. By Mail – Send payment to the address below. DO NOT SEND any other correspondence with your payment.

Attention: Owner Accounts
5017 Lawai Road

Koloa, HI 96756

Should your account be placed with a collection agency, one of the following will be used:

Aspen National Collections

P.O. Box 1965

Grand Junction, CO 81502

Phone: 800-283-2797

Continental Central Credit

5611 Palmer Avenue, Ste G

Carlsbad, CA 92010

800-525-6000

Maintenance Fee Pre-Payment Policy

In order to bank a future year’s week, you need to pre-pay those year’s fees based on the current year’s fees. Any difference will be billed/credited during the next billing cycle.

Address Update Information

Please be aware that it is an owner’s responsibility to inform the resort in writing of any changes regarding addresses, phone numbers, and email. These changes may be made in your account, by fax to 808-240-5189, or by email to acctrec@lawaibeach.org.

Aloha Owners,

Currently there is no foreclosure information available, please check back later. Mahalo!

Management Team

For more information, please contact Malia Beniamina

Phone: 808-240-5388

Email: AcctRec@lawaibeach.org

Foreclosure Information

Lawai Beach Resort Board of Directors

Thomas Babcock