- Joined
- Nov 15, 2008
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The property management agreements have a lot of information and I will need to read them a few times to get a good understanding of it all. They are all slightly different with RIV being the most detailed in terms of specifics. Same basic meaning but more detailed,
A few things that stood out from the first read through and of course, created lots of questions I will be asking!
1. DVCMC is considered an independent contractor that each association hires.
2. DVCMC is not responsible for any deficits that occur. My initial interpretation is that if the 12% fee doesn’t cover it, they don’t have to absorb it which could mean a cut in services. It does sound like the company has its own funds above and beyond what each association pays them.
3. They have the right to hire third parties, including agreement with DVD and TWDC to help provide the services they are contracted to perform. I have been told in the past that CMs are employees of Disney and now am wondering if DVCM has indeed contracted with TWDC to staff MS? Is that why we saw furloughs because the employees are not employed by DVCMC directly? Was it out of their control?
4. It mentions that DVCMC can charge the associations additional for special services. Not exactly sure what this refers to so definitely need to get info.
A few things that stood out from the first read through and of course, created lots of questions I will be asking!
1. DVCMC is considered an independent contractor that each association hires.
2. DVCMC is not responsible for any deficits that occur. My initial interpretation is that if the 12% fee doesn’t cover it, they don’t have to absorb it which could mean a cut in services. It does sound like the company has its own funds above and beyond what each association pays them.
3. They have the right to hire third parties, including agreement with DVD and TWDC to help provide the services they are contracted to perform. I have been told in the past that CMs are employees of Disney and now am wondering if DVCM has indeed contracted with TWDC to staff MS? Is that why we saw furloughs because the employees are not employed by DVCMC directly? Was it out of their control?
4. It mentions that DVCMC can charge the associations additional for special services. Not exactly sure what this refers to so definitely need to get info.