Can anyone explain the deeded property thing?

[disneycrazed139]

Not that it makes any real difference but can anyone sum up the whole deeded property versus lease thing and how it is that Disney is deeded but yet expires at a set date? I'm sure there is a thread on this somewhere. I just couldn't locate it.

 

[CarolMN]

As you know, DVC is not "deeded property" as most people understand it.

We are basically buying the "right to use" a particular DVC property for a specified period of time. Our "lease" (or "right to use") is transferrable via a "deed" that is registered with the State of Florida.

Although the above explanation is not technically or legally 100% accurate, I believe it explains the concept. And it will bump your thread to the first page where one of our resident real estate experts/lawyers will see it and respond.

 

[Lisa P.]

As I understand it, normally, the word "deed" refers to a paper that gives you rights to a piece of land, for its usage.

But in the case of DVC, they've chosen to use the word "deed" to refer to a paper that gives you rights to a lease (which expires in January 2042), for a DVC resort's usage and the DVC points program.

 

[disneycrazed139]

I understand they've simply chosen the word "deed" to represent rights to a lease. However, this is a recorded deed, which I always thought t be synonymous with property owneship--thereby creating somewhat of a paradox.