I have bought DVC in order to book rooms, that is its primary purpose and I would argue that is what the management company has to guarantee. Reduce by 10% the amount of rooms I can book (what the increase to the lockoff premium would have done), in exchange in a 0,5% reduction in dues would not be an advantage for me.It would if the percentage of total budget was changed. We get 2.5% right now...if it was raised to 3%, then we get more. Now, they already could do that with no change, but you said they would have to have a reason and giving members more back from breakage would be something that can be seen as a benefit.
I will have to compare VGF to RIV because what I read didn’t seem familiar to what I had read when I bought BLT and VGF direct.
However, I am not convinced that the lock off premium can’t be adjusted up or down within reason, and there is nothing clear in the language that tells me that, So. It’s one of those gray areas for me as an owner.
Even more so because they already hit the limit. If they think it's so important to offset the dues they could already lift or increase the limit.