2042 Expiration Resorts - Capital Reserves & End of deed Refurbs? Looking for Insight.. What happens to the money (dues).

[gvel]

Hi everyone,

I was reading through the newly released 2026 BoardWalk Villas budget packet (with the full reserves analysis) and had a few questions about how things work as we approach the 2042 deed expiration.

For the record, I don’t even own a 2042 resort. I’m just curious by how the end of deed mechanics actually play out.

Here’s the PDF directly from Disney:
https://cdn2.parksmedia.wdprapps.di...condo-association/2025-Meeting-Notice-BWV.pdf
My questions for those familiar with DVC and Florida condo/timeshare law:

1) What happens to the capital reserves near the end?

BWV has millions in reserves. As we approach 2042, does the condo board intentionally spend them down? Or must they keep contributing even if a major refurb is no longer logical?

2) Could they skip a scheduled hard-goods refurb close to expiration?

It seems unlikely the association would fund a top-to-bottom refurb in 2040–2041 only to hand it back to Disney a year later.
Is skipping the final cycle actually typical in Florida timeshare practice?

3) Could dues drop in the last 3–5 years?

If the board stops funding a big refurb that won’t happen, wouldn’t capital reserve contributions go down lowering dues?

4) Are owners legally required to give Disney back a fully updated property?

5)Why do some reserve items show useful lives that extend past 2042?

Is that just standard budgeting practice even though the resort won’t exist as a DVC asset?

TLDR
How do reserves get used as a DVC resort nears expiration?

Do they skip major refurb cycles near the end?

Would dues drop?

Does Florida law require returning the property in a certain condition?

Would love to hear from anyone with experience following past HOA minutes, reserve funding logic, or Florida condo law.

Thanks all! I'm super curious how this works behind the scenes!

 

[Genie+]

Hi everyone,

I was reading through the newly released 2026 BoardWalk Villas budget packet (with the full reserves analysis) and had a few questions about how things work as we approach the 2042 deed expiration.

For the record, I don’t even own a 2042 resort. I’m just curious by how the end of deed mechanics actually play out.

Here’s the PDF directly from Disney:
https://cdn2.parksmedia.wdprapps.di...condo-association/2025-Meeting-Notice-BWV.pdf
My questions for those familiar with DVC and Florida condo/timeshare law:

1) What happens to the capital reserves near the end?

BWV has millions in reserves. As we approach 2042, does the condo board intentionally spend them down? Or must they keep contributing even if a major refurb is no longer logical?

2) Could they skip a scheduled hard-goods refurb close to expiration?

It seems unlikely the association would fund a top-to-bottom refurb in 2040–2041 only to hand it back to Disney a year later.
Is skipping the final cycle actually typical in Florida timeshare practice?

3) Could dues drop in the last 3–5 years?

If the board stops funding a big refurb that won’t happen, wouldn’t capital reserve contributions go down lowering dues?

4) Are owners legally required to give Disney back a fully updated property?

5)Why do some reserve items show useful lives that extend past 2042?

Is that just standard budgeting practice even though the resort won’t exist as a DVC asset?

TLDR
How do reserves get used as a DVC resort nears expiration?

Do they skip major refurb cycles near the end?

Would dues drop?

Does Florida law require returning the property in a certain condition?

Would love to hear from anyone with experience following past HOA minutes, reserve funding logic, or Florida condo law.

Thanks all! I'm super curious how this works behind the scenes!

This is a great question and I have no idea, but as a BWV owner I have thought about the timing of 2023’s hard refurb. If the hard refurbs happen every ~14 years that puts the last one around 2037.

 

[Sandisw]

From what I understand, at some point they won’t need to fund capital reserves any longer so owners dues should go down.

At the end of the association, any money left goes back to the owner.

They can not legally update and renovate the building just before it expires.

Now, when the last refurbs will be? I’m not sure but it makes sense it will be so when they turn it over, it would be “due” for one.

Meaning maybe two more soft goods but no more hard goods

 

[VGCgroupie]

Great question ! Thanks @Sandisw for answers as always.

 

[gvel]

Great question ! Thanks @Sandisw for answers as always.

Yes! She always delivers!

From what I understand, at some point they won’t need to fund capital reserves any longer so owners dues should go down.

At the end of the association, any money left goes back to the owner.

They can not legally update and renovate the building just before it expires.

Now, when the last refurbs will be? I’m not sure but it makes sense it will be so when they turn it over, it would be “due” for one.

Meaning maybe two more soft goods but no more hard goods

Thanks!

 

[drusba]

Hi everyone,

I was reading through the newly released 2026 BoardWalk Villas budget packet (with the full reserves analysis) and had a few questions about how things work as we approach the 2042 deed expiration.

For the record, I don’t even own a 2042 resort. I’m just curious by how the end of deed mechanics actually play out.

Here’s the PDF directly from Disney:
https://cdn2.parksmedia.wdprapps.di...condo-association/2025-Meeting-Notice-BWV.pdf
My questions for those familiar with DVC and Florida condo/timeshare law:

1) What happens to the capital reserves near the end?

BWV has millions in reserves. As we approach 2042, does the condo board intentionally spend them down? Or must they keep contributing even if a major refurb is no longer logical?

2) Could they skip a scheduled hard-goods refurb close to expiration?

It seems unlikely the association would fund a top-to-bottom refurb in 2040–2041 only to hand it back to Disney a year later.
Is skipping the final cycle actually typical in Florida timeshare practice?

3) Could dues drop in the last 3–5 years?

If the board stops funding a big refurb that won’t happen, wouldn’t capital reserve contributions go down lowering dues?

4) Are owners legally required to give Disney back a fully updated property?

5)Why do some reserve items show useful lives that extend past 2042?

Is that just standard budgeting practice even though the resort won’t exist as a DVC asset?

TLDR
How do reserves get used as a DVC resort nears expiration?

Do they skip major refurb cycles near the end?

Would dues drop?

Does Florida law require returning the property in a certain condition?reserves

Would love to hear from anyone with experience following past HOA minutes, reserve funding logic, or Florida condo law.

Thanks all! I'm super curious how this works behind the scenes!

Under the timeshare statute, ¶721.13(3)(c)2, leftover capital reserves are to be returned to the existing member/owners on a pro rata basis when a timeshare plan terminates, subject to first paying off any amounts still owed but not yet paid at the time of termination, and amounts expended to complete what is needed to terminate. Also, under §721.13(3)(c)3 the controlling association or managing company can, towards the end of a timeshare plan reduce dues required for capital reserves to avoid dues that would likely be needed only for matters after the termination. That is not a required action as it could just keep charging applicable reserves until the termination, and then return leftover money to member/owners.

As to doing refurbs right at the end of the timeshare plan, that is not likely to be an issue. A refurb is supposed to occur every 7-years. BCV, BRV, HHI and VB, all had a refurb in 2023, and BWV in 2023-24. Following the 7-year schedule, that indicates the last refurb to be done before the 2041 termination date is in 2037 - 2038. I seriously doubt DVC/DVD would avoid doing those, and members have no legal basis for preventing those from being done and paid for by members.

Be aware that the POS's give Disney and DVD a way to avoid returning any money to member/owners of a DVC Resort upon termination by doing another OKW, i.e. by extending the land lease provided by Disney and creating a new timeshare termination date for the DVC Resort. See, e.g., BWV Declarations §17.2, If that were done, members who do not pay for getting the extension, will receive no return of leftover capital reserves. Moreover, any extension, such as one for 30 years or more created near the end of the current timeshare plan, such as in 2038, would likely carry a high price for a member to do the extension. At this time, we do not know what DVD intends to do come the 2041 end date, and extension is just one option. It may intend to just redo the resorts as new 50-year timeshare plans, or do that for some (such as the Disney World resorts) and rid of others (such as HHI and VB). Possibly, it may use extensions for one or more resorts to vary end dates so it can avoid in the future having multiple resorts expire at the same time.

 

[gvel]

Great information! Thanks!