Home Owners Association
Home Owners’ Associations – or Owners’ Committees as they are better known in the UK and Europe – are organisations formed at a resort when a group of its owners come together to create a resort management committee to manage the running of a resort. Typically, these associations or committees are formed when a resort is sold out and it is in the owners’ interests to ensure the economic and efficient running of the resort going forward, as well as an acceptable level of maintenance to ensure ongoing quality standards to protect the value of their ownership and the enjoyment of their holiday experience.
Owners’ Committees can stand independently, though many in Europe join TATOC, The Timeshare Association (Timeshare Owners and Committees), gaining strength in numbers and unified representation. TATOC Member resorts now represent nearly 300,000 owners and, due to popular demand, TATOC has now opened up its membership to owners whose resorts may not be members of the association.
Some Owners’ Committees engage a professional management company if the day-to-day running is too great a task for its chairman and executive committee. Management companies have proven particularly effective in the resale of unwanted inventory and regenerating older failing resorts.
RCI works closely with Owners’ Committees and their management companies to help provide rental and revenue solutions to those facing challenges. Our local resort operations teams often sit on the Owners’ Committees and attend the AGMs and other meetings when required.
If you are interested in finding out about possible additional revenue streams as well as effective cost-saving programmes, contact your local RCI Affiliate Services Manager for more information today.
The Timeshare Association (Timeshare Owners and Committees), known as TATOC, is a non-profit making limited company formed in 1989. It was established to act as a networking group for the appointed members of timeshare owners' committees but today membership is open to all timeshare owners. Today TATOC has more than 70 member resorts spanning the UK, Portugal, Malta, Spain, Tenerife and Lanzarote, and represents nearly 300,000 individual members which is key to its credibility. RCI has enjoyed a long association with TATOC, having a dedicated TATOC liaison officer and regularly sending RCI representatives to the Owners’ Committees’ and Annual General Meetings.
TATOC’s primary objective is to promote high-quality standards for resort facilities and to encourage the efficient management of timeshare resorts through communication and education. TATOC also plays a vital role in representing the industry in the media, raising the profile of the product and changing consumer perception by building credibility as a consumer organization that has become the ‘voice’ of the industry.
TATOC also lobbies and campaigns on timeshare-related matters with trade industry bodies and government departments, most notably lobbying on behalf of its members in Brussels in the creation of a new EU Timeshare Directive.
The organisation actively promotes the positive image of timeshare through all communication channels, hosts a dedicated website, runs a national help line and organises an annual conference with RCI being one of the main sponsors.