If you mean "time-share" not "condo" you're essentially correct. We've never been assessed any fees beyond our annual maintenance fees at the Royal Islander, and years when we couldn't use the units because of hurricane damage the maintenance fees were waived. But every time-share is different. My annual maintenance fee for a one-bedroom was a little under $800 last year - that strikes me as a pretty good deal for a week in SXM in January. The unit is large with a full kitchen and a balcony overlooking the pool and the ocean.