- Joined
- Nov 15, 2008
So, what this means is that trust members would have 11 month access to bookings at FW, and everyone else would be able to book at 7 months. I do wonder if there is any language for Fixed Weeks (those that have read can let me know) as I would imagine that those would be very popular for Halloween and Christmas.
For existing properties, I'll use Poly as an example. If, it is part of the same association as indicated, but now all of the new units are declared as "trust" units, then both deeded owners AND some percentage of trust owners (limited by the trust's ownership in the association) would have 11 month advantage at both the new tower AND the longhouses. Everyone else would be at 7 months.
However, as @Sandisw has stated elsewhere, I think that the only places that DVD can really do this is in locations where they can enroll entire units (ownership interests are percentages of units) into the trust, so that no unit is partially trust owned and partially deeded. I don't think a "unit" could be both.
Yes, it says they will sell favorite weeks. And the more I read, the more I am leaning to that conclusion that entire units have to be sold that way.
If you read that they have said that they reserve the right to create other plans within the property, it sounds like it supports that…
But, to be honest, I have to wonder if the whole “as of right now” part of the plan for Poly tower may have been more than we think? Since they didn’t want to pay any hand regarding this whole trust thing?
I will not be surprised if some of those units at the Poly tower become a trust product and carry restrictions when sold.