2042 expiration of deed

[mcmanbud]

I went to a sales meeting at the Boardwalk Villas in early July. I'm not clear about what hapens when the deed expires in 2042.

Will owners be offered a renewal rate? Can anybody shed some light on this for me?

Thanks

 

[PamOKW]

Nothing has been determined as to what will happen once the deeds expire. Speculation is that we would be offered extensions but there has never been any word from DVC.

 

[Geoff_M]

I haven't looked at the documents, but I wonder if such an extension would require another closing???

 

[spiceycat]

depends upon the ecomony at the time - if WDW is having a wonderful year and things are looking up - I think they will take back the DVC resorts that are next to a WDW resort and start treating them like any WDW resort rental.

what will happen with OKW or SS - I don't know.

Of course this is my opinion and what WDW does - I don't even think they know at this point in time.

now if the ecomony is like it is right now - your guess is as good as mind - they might renew the DVC contracts they might not - I think it depends upon which way would be best for them.

Disney will made a profit - whatever they decide.

 

[timC]

The DVC management who will be making this decision could very well be a WDW right now... playing in the water with their DB or DS on Donald's Boat at Mickey's Toontown.

 

[JimC]

Someone once commented that the person or persons who will make those decisions are still in grade school.