Does the $500 fee include gratuitous transfers?

[lehrsj]

I was wondering if the new $500 transfer fee includes gratuitous transfers. Does anyone know?

 

[erionm]

I was wondering if the new $500 transfer fee includes gratuitous transfers. Does anyone know?

This question was asked at one of the annual condo meetings and the answer was no.

 

[lehrsj]

Thanks.

 

[SL6827]

Could someone sell their contract to say a relative under gratuitous transfer, and just pay recieve funds directly from the realitive? By passing ROFR?

 

[Sandisw]

Could someone sell their contract to say a relative under gratuitous transfer, and just pay recieve funds directly from the realitive? By passing ROFR?

That would no longer be a gratuitous transfer and you’d be signing documents saying funds are not part of it.

So, the answer is no, and of course, we don’t allow discussion of ways to skirt the rules and in this case, potentially the law.

 

[JamJam2021]

I’m glad gratuitous transfers don’t need to pay

 

[SL6827]

I’m glad gratuitous transfers don’t need to pay

Yes, that is good.

 

[muppets3d]

Could someone sell their contract to say a relative under gratuitous transfer, and just pay recieve funds directly from the realitive? By passing ROFR?

That is called fraud.

 

[SL6827]

That is called fraud.

No doubt. Of course. I just imagined that such has been done in the past.

 

[Sandisw]

We do not allow discussion of ways to get around Disney rules and the law. Please do not discuss.

 

[JamJam2021]

Well. This $500 is a cash grab from Disney. It’s not like the contracts are suddenly worth $500 to a buyer.

 

[Sandisw]

Well. This $500 is a cash grab from Disney. It’s not like the contracts are suddenly worth $500 to a buyer.

The purpose of the fee though is to reimburse DVCMC for the cost of handling all it takes after a sale is complete.

I guess they have decided, based on the volume of resale contracts, it no longer was something they wanted to do for free.

The good news is that it seems that they have changed things up to process much faster so at least buyers will be getting access to their new points much sooner!

Now, it was quite a jump from $0 to $500!

 

[JamJam2021]

The purpose of the fee though is to reimburse DVCMC for the cost of handling all it takes after a sale is complete.

I guess they have decided, based on the volume of resale contracts, it no longer was something they wanted to do for free.

The good news is that it seems that they have changed things up to process much faster so at least buyers will be getting access to their new points much sooner!

Now, it was quite a jump from $0 to $500!

Dollar amount aside. It is good to hear that the fee is leading to quicker service.

 

[Sandisw]

Dollar amount aside. It is good to hear that the fee is leading to quicker service.

I also think that now that there is a fee, buyers have a much better case to insist that the process be done quickly.

And, now DVCMC has the revenue to ensure it is timely!!!

 

[E2ME2]

The purpose of the fee though is to reimburse DVCMC for the cost of handling all it takes after a sale is complete.

I guess they have decided, based on the volume of resale contracts, it no longer was something they wanted to do for free.

The good news is that it seems that they have changed things up to process much faster so at least buyers will be getting access to their new points much sooner!

Now, it was quite a jump from $0 to $500!

If it’s a “reimbursement”, will this have any positive impact on yearly dues ???

 

[Sandisw]

If it’s a “reimbursement”, will this have any positive impact on yearly dues ???

No, because we don’t pay for this out of our dues.

I confirmed that at the condo association. All tasks related to the sales and transfer of accounts is completely separate duties for DVcMC for that part of the timeshare.

Our management fee to them is just to operate and manage the program at the resort level and to manage the implementation of it like booking rules: etc.

 

[Leight19]

No, because we don’t pay for this out of our dues.

I confirmed that at the condo association. All tasks related to the sales and transfer of accounts is completely separate duties for DVcMC for that part of the timeshare.

Our management fee to them is just to operate and manage the program at the resort level and to manage the implementation of it like booking rules: etc.

I understand this is the position they are taking to justify charging but it doesn’t legally hold water to me. The sale is complete and the legal ownership of the contract takes place without any relationship to this fee. Once the ownership changes legally with the title, I don’t know how they can say them changing accounts to accurately reflect information in their management system is outside of the management responsibilities they are obligated to provide. The whole creating account and loading points is part of a process they created to manage the system; legally they could do this without creating accounts so I don’t see how they can say creating the account to manage the system they are required to manage is outside the scope of managing the system.

Now I acknowledge that the resale of contracts puts additional work onto them but that work clearly relates to their reasonability to manage the system. I don’t believe they have a legal right to charge for this additional work which is clearly within their core responsibility any more then the other ways someone could put added work on them.

 

[E2ME2]

No, because we don’t pay for this out of our dues.

I confirmed that at the condo association. All tasks related to the sales and transfer of accounts is completely separate duties for DVcMC for that part of the timeshare.

Our management fee to them is just to operate and manage the program at the resort level and to manage the implementation of it like booking rules: etc.

Thanks for the info!

 

[Sandisw]

I understand this is the position they are taking to justify charging but it doesn’t legally hold water to me. The sale is complete and the legal ownership of the contract takes place without any relationship to this fee. Once the ownership changes legally with the title, I don’t know how they can say them changing accounts to accurately reflect information in their management system is outside of the management responsibilities they are obligated to provide. The whole creating account and loading points is part of a process they created to manage the system; legally they could do this without creating accounts so I don’t see how they can say creating the account to manage the system they are required to manage is outside the scope of managing the system.

Now I acknowledge that the resale of contracts puts additional work onto them but that work clearly relates to their reasonability to manage the system. I don’t believe they have a legal right to charge for this additional work which is clearly within their core responsibility any more then the other ways someone could put added work on them.

Because legally they can, as this is standard practice in the industry.

The FL timeshare law also mentions a transfer fee and it just needs to be disclosed.

So, if it’s mentioned in there, I think that pretty solid evidence that management entities can charge one.