Can you point me in the direction of where this is written? Here's the amendment language copied from the multi-site POS:
7.5 Amendment. BVTC, in its discretion, may change the terms and conditions of this Disclosure Document and the rules and regulations set forth in this Disclosure Document. These changes may affect a Club Member's right to use, exchange, or rent the Club Member's Ownership Interest and may impose obligations upon the use and enjoyment of his or her Ownership Interest and the appurtenant Club Membership. Such changes may be made by BVTC without the consent of any Club Member and may adversely affect a Club Member's rights and benefits and increase the Club Member's costs of ownership. Further, such changes, under some circumstances, may not be to the advantage of some Club Members and could impact their ability to secure reservations when and where they want them. Club Members will be notified of any such changes through Club publications or a Club website. Current publications supersede prior publications with respect to the terms and conditions of this Disclosure Document.
and this:
1. Amendments. DVC Operator reserves the right to amend these Rules and Regulations, in its discretion. These changes may affect a Club Member’s right to use, exchange, or rent the Club Member’s Ownership Interest and may impose obligations upon the use and enjoyment of the Club Member’s Ownership Interest and the appurtenant Club Membership. Club Members will be notified of any such changes through Member Services publications, including posting on a Club website. Current publications supersede prior publications with respect to the terms and conditions of these Rules and Regulations.
Is there another document that I am missing?
Includes opinions....
The Master Declaration for each resort and that material changes have to be voted on.
Right now, the only restriction we have for renting is that the board, in its reaonsable discretions (Pre-RIV) constitutes that you are using for a commerical purpose ......for no matter the rules, the restriction is commerical purpose.
The can define that...but it still has to be related to using your membership for commercial purposes and not something else.
For example, adding a rule that says "you can not have any reservations in the month of July in the name of any renter" would be very hard, IMO, for them to explain how that consitutes a commerical purpose over any other month....
It could be considered a new restrction that has nothing to do with the intent of origiinal restrctions...you have bought DVC for reasons other than your vacations....
In terms of above, yes, they have the right to amend the rules of trading into BVTC, and rules for using your ownership vis the HRR. And, as owners, we agreed already to allowing amendments of those rules...
But, the POS, defines what must be included in the HRR.... Transfsers is a good example...the POS document says you can transfer points.....that would be considered material part of the contract.....so DVD can't totally prevent it....however, we gave them the right to set the rules around it....and that they can amended the actual HRR....which is what they did in December.
If you look at the 2008 document...that was their policy for enforcing commerical purpose clause.....and yes, they can create a new amendement that defines it differently, but they still have to meet the standard that the rental rules ban using memberships for commerical purposes...and not renting in general.....
