DUES Info! - Check your mail and post your dues here.

[accm]

The per point dues difference on CCV and BRV is interesting in that context. Some of that is from the total point difference I imagine, 3.2m CCV vs 1.9m BRV, but wonder what the other big differentiator is there?

I wonder if the fact that BRV is it's own building also plays into it. So it doesn't share the cost of building maintenance (HVAC, elevators, roofing, painting...)

BLT’s refurb is significantly behind schedule. Does that translate into also being over budget? If so then you’d think that gets passed onto BLT members which runs counter to dues staying low.

How is BLT's refurb significantly behind schedule? Everything I've seen says the refurb is done.

 

[VGCgroupie]

There's already a decent chance that AUL Sub won't be the lowest next year. BLT or CCV could claim best SAP just based on the longer horizon to expiration if they have a low increase. And both Poly and GF have a shot at lower overall dues than AUL Sub in 2026. GF just seems to always have a low increase, and Poly had more of the Island Tower declared, which could dampen the overall increase for 2026.

Lets make this statement AFTER all the other resort dues come out.

 

[eticketplease]

No, I don't think it works quite that way. The per-point budget should be based upon what it takes to run the entire facility. Then DVC simply uses its Developer Guarantee to make the association whole after collecting whatever they can from owners.

Hypothetically, if all of PVB has 7.5M points and the operating costs + reserves + taxes for the DVC component = about $60M, dues are set at $8 per point. The published budget is always based upon what DVC expects to have in circulation in the coming year including new sales. If they base the 2026 PVB budget on 6 million points, the DVC expenses should be a similar percent of the whole...about $48M.

The math is never precise because they could miss sales targets. And dues for new buyers' dues are pro-rated, so someone who purchases in October isn't paying $8 in 2026 dues. But the developer guarantee obligates Disney to pay whatever shortfalls exist.

Thank you!! You always do a great job at explaining these things

 

[AstroBlasters]

Basically DVC pay dues just like we do for points they have, they keep a minimum of 2% of the total points for each location after all. Members don't fund 100% of the budget when they only own 98% or less of it.

My understanding is that is not correct. DVC does NOT pay dues on their points and only steps in if there is a deficiency. So, members do fund 100% of the budget when they own 98% or less. @Sandisw

 

[zackiedawg]

Does anyone know if we still get dues notices in the mail if we've set up our annual dues to auto-pay? In 2023 I was dealing with the deaths of both parents 3 months apart and with all the estate stuff and expenses it was crazy trying to stay on top of everything - I worried I'd end up missing some of my own bills and put pretty much everything on autopay, including the annual DVC dues for my Boardwalk ownership. I cannot recall if I got any notice last year about the actual dues amount - I can only recall getting the confirm e-mail that they were paid. Now I'm wondering if I'll get anything this year - so far, nothing has come by mail or e-mail.

 

[muppets3d]

Does anyone know if we still get dues notices in the mail if we've set up our annual dues to auto-pay? In 2023 I was dealing with the deaths of both parents 3 months apart and with all the estate stuff and expenses it was crazy trying to stay on top of everything - I worried I'd end up missing some of my own bills and put pretty much everything on autopay, including the annual DVC dues for my Boardwalk ownership. I cannot recall if I got any notice last year about the actual dues amount - I can only recall getting the confirm e-mail that they were paid. Now I'm wondering if I'll get anything this year - so far, nothing has come by mail or e-mail.

Pretty sure they always mail out the notices no matter how you have your account set up.

 

[zackiedawg]

Thanks...I'll specifically keep my eye out for it this time. 2024 was still a little hectic - my parents died in August and November of 2023, so most of 2024 was dealing with all their stuff - 2025 has been the first 'back to normal' year.

 

[tjkraz]

My understanding is that is not correct. DVC does NOT pay dues on their points and only steps in if there is a deficiency. So, members do fund 100% of the budget when they own 98% or less. @Sandisw

No, I don't believe that is correct.

Bay Lake Tower has 5.73 million points. If you take the 2025 budgeted operating expenses of $27,772,660 and divide by the per-point rate of $4.8446, you get 5.73 million points.

So all declared points are factored into the dues. If 98% of the declared points are sold, owners are holding about 5.62 million points. DVC would be paying dues on the remaining 110k points (plus any overages.)

 

[AstroBlasters]

No, I don't believe that is correct.

Bay Lake Tower has 5.73 million points. If you take the 2025 budgeted operating expenses of $27,772,660 and divide by the per-point rate of $4.8446, you get 5.73 million points.

So all declared points are factored into the dues. If 98% of the declared points are sold, owners are holding about 5.62 million points. DVC would be paying dues on the remaining 110k points (plus any overages.)

Ok, I believe that is different than what @Sandisw has posted previously on the boards.

 

[Sandisw]

My understanding is that is not correct. DVC does NOT pay dues on their points and only steps in if there is a deficiency. So, members do fund 100% of the budget when they own 98% or less. @Sandisw

DVD offers owners a developer guarantee which means they will cover the shortfall in dues based on the estimate done.

In exchange for that guarantee, they do not pay operational costs for the points they own which are declared into the association.

You can see that typically in the dues statement. This is not something they have to do. But they have every year so it seems like it must be beneficial to them.

Costs for units not declared into the association are not covered by this. DVD is responsible for those all on its own.

 

[tjkraz]

DVD offers owners a developer guarantee which means they will cover the shortfall in dues based on the estimate done.

In exchange for that guarantee, they do not pay operational costs for the points they own which are declared into the association.

You can see that typically in the dues statement. This is not something they have to do. But they have every year so it seems like it must be beneficial to them.

Costs for units not declared into the association are not covered by this. DVD is responsible for those all on its own.

Regardless of that language, that's not how the budgets are structured. As I illustrated, resort budgets are calculated based upon the full number of declared points.

 

[Tatebeck]

Ok, I believe that is different than what @Sandisw has posted previously on the boards.

I think it end up like a "6 of one vs a Half-Dozen of the other" situation and it ends up being the same thing.

Either

• Members purchased point dues + DVC's Unpurchased and Undeclared dues = total dues for 100% of points
• Members purchased point dues + DVC's Undeclared dues + developer covers the shortfall = total dues for 100% of points

Either way the dues for the declared but unpurchased points are paid in some way by DVC until they are sold. Otherwise they would just declare a bunch of inventory ASAP and any members that have bought would be on the hook for it all

 

[Sandisw]

Regardless of that language, that's not how the budgets are structured. As I illustrated, resort budgets are calculated based upon the full number of declared points.

Yes, the budgets are calculated to operate all units declared.

But, DVD is excused from their share of dues on unsold points in order to guarantee shortfalls will be covered by them.

Since DVD doesn’t have to offer that guarantee, i would have to think it works out for them.

 

[Sandisw]

I think it end up like a "6 of one vs a Half-Dozen of the other" situation and it ends up being the same thing.

Either

• Members purchased point dues + DVC's Unpurchased and Undeclared dues = total dues
• Members purchased point dues + DVC's Undeclared dues + developer covers the shortfall = total dues

Either way the dues for the declared but unpurchased points are paid in some way by DVC until they are sold. Otherwise they would just declare a bunch of inventory ASAP and any members that have bought would be on the hook for it all

If DVD didn’t have to cover the shortfalls, then declaring all would make sense.

But, they don’t declare for two reasons,,, not declaring means they can sell for cash and if there are too many unsold points, the shortfall would be much larger which would defeat the purpose in to why they offer the guarantee.

Since the budgets are an estimate, if there is an overage in one area of operational costs, that doesn’t go back to owners, it goes to DVD to offset the cost of unsold dues.

The only credit we get back is for taxes. And DVD does (fixed this) pay those and capital reserves on unsold points.

It’s only the operating costs where the guarantee plays a role.