experts, please help: booking limitations when using 2 contracts?

[disneyberry]

uh oh, i got my closing documents (finally) today and noticed something which my broker did not point out to me before i bought my resale.
apparently the 100pts i bought was not 1 single contract, but 2 separate 50pt contracts.

i only recently saw a post where someone mentioned they had problems using their points because they had two separate contracts.
something about how you have to have the exact # of points needed to book a room. i did not know that there was this restriction.

for example, if i wanted to book an OKW studio for 3 nights 12/26/03 - 12/29/03, the points cost would be as follows:
Fri 12/26 = 36pts
Sat 12/27 = 36pts
Sun 12/28 = 15pts

this whole ressie would cost 87pts.
if i had one single 100pt contract, i'd have a simple 87pts deducted, leaving 13pts left over.

however, am i right in understanding that with 2 separate 50pt contracts, it would cause me to be limited as follows?:

* Fri 12/26 = 36pts deducted from Contract1, leaving 14pts left in Contract1.
* Sat 12/27 = 36pts deducted from Contract2, leaving 14pts left in Contract2.
* Sun 12/28 = 15pts, but since both contracts now only have 14pts left each, i don't have enough points in any contract to book Sunday anymore!

please help, am i misunderstanding this rule?
maybe i'm using a bad example to illustrate this?

i'm really worried about this 'cause i already bought such a small contract to begin with, i don't want to be limited by the fact that it is two contracts. i'm kind of disappointed that this was not clearly represented to me before... no one ever mentioned it was two separate contracts.

 

[Regina]

If it's the same resort, it's not a problem at all. It looks like you have two add-ons, which is perfectly fine. You can use them as one contract.

If it's for two different resorts, then, yes, you would run into a problem trying to use them both before the 7 month booking window. If they're the same, you can book using both at 11 months.

 

[disneyberry]

yes, they are both OKW and the same Use Year.

but, what's this about the you must have the exact #points thing?
this is something i have not seen mentioned here very often.
i'm not sure i understand it correctly.
(refer to my example above)

 

[Chuck S]

My add-ons are all under the same contract number, since I bought direct from Disney. Since you have separate contract numbers, what you say MAY be true about "exact number of points"...but there is also a simple solution. I think you can "transfer" your points from one contract to another within a use year...just as one member can transfer points to another member. So, it would be only an extra bank/borrow type transaction on paper. MS should easily be able to accomodate you.

Using your example, simply transfer 37 use year points from contract "B" to contract "A", leaving your 13 points to bank or use later on contract "B". Of course, you'd have to do this every time a similar booking was needed, but it should be easy. Thank goodness your contracts are the same use year.

OR were your contracts really the same number, with only a different sub-number like a) contr# 333345.001 and b) 333345.002?
If so, they should be considered the same contract for all practical purposes.

 

[disneyberry]

ok what if i wanted to book 2 short trips:

OKW 1-bdrm 2 nights:

Sun 5/25/03 = 20pts deducted from Contract1, leaving 30pts left in Contract1.
Mon 5/26/03 = 20pts deducted from Contract1, leaving 10pts left in Contract1.

BCV Studio 3 nights:

Sat 8/30/03 = 29pts deducted from Contract2, leaving 21pts left in Contract2.
Sun 8/31/03 = 13pts deducted from Contract2, leaving 8pts left in Contract2.
Mon 9/01/03 = 12pts ! CANNOT book this night because there are only 10pts left in Contract1, and only 8pts left in Contract2.


* am i correct in understanding that the above is what would happen?

* also, i understand you can transfer points between contracts. does this mean in order to book the trips i want, i would have to transfer points around?

* if every year i have to transfer points around, doesn't that limit me? because i thought transfers are limited to one a year? what if i wanted to rent extra points from another member and have them transfered in to my contract? what if i for some reason needed to rent out points to another member and they wanted me to transfer points to them?

 

[disneyberry]

Originally posted by Chuck S
OR were your contracts really the same number, with only a different sub-number like a) contr# 333345.001 and b) 333345.002?
If so, they should be considered the same contract for all practical purposes.

okay, i just double checked the papers, and yes, they are like that!
it's a #12345.003 and a #12345.005

so this means that i really only have one contract?

so how many deeds are there?

what the heck are sub-contracts?
not that i'm going to do this, but if i wanted to, could i sell one of the 50pt sub-contracts and keep the other one?

 

[Chuck S]

As I said, personally, I'm not familiar with transferring points, as mine are all under one main contract number with sub numbers.

But, if MS does require you to transfer points...why not just transfer ALL the points from one contract to the other at the beginning of each use year, thus in effect giving you the equivalent of one contract.

Assuming the above scenario, then yes, you probably would be prevented from doing a point transfer to another member...but, if you have enough points left in your contract(s), you could still rent those points to a member, only YOU would have to make the ressie...for example, say I needed to rent points from you to extend my stay by 1 day, and you had enough total points available. I could still rent them from you, only not transfer them to my account...you would make the ressie in my name using your mem number and simply send me a copy of the confirmation, just like renting to a non-member. I may then be able to call MS and have the ressies "linked" so I would not have to check-out and back-in for that one day.

OK, I just read your additional post, so yes, for all practical purposes, I think MS would treat this as a single contract. It means that the original owner bought add-on contracts direct from Disney in small increments. I have contracts 12345 (original contract) and 12345.001, 12345.002, and 12345.003 for my 3 add-ons - all OKW and same use year. MS treats these 4 contracts all as one contract for reservation purposes, but actually (invisibly) deducts the necessary points from each contract. I had to get a full print out once to balance my spreadsheet with MS. It was mind-boggling.

And yes, you could sell your 50 point contracts separately.

You may want to give MS a call to confirm how they'll treat your contracts for reservations.

 

[Regina]

They're both OKW with the same use year. You have absolutely nothing to worry about.

I'm not 100% clear on what you're confused about, but I'll try to help.

Needing the exact number of points to book a reservation means just that. It doesn't matter how you arrived at that total. If you have two or more contracts, banked points, borrowed points, or current points, as long as it covers the amount needed, you've met the "exact number."

Don't give the fact that it's two contracts a second thought. You don't need to transfer points from one to the other. MS will simply assign however many points are needed from both contracts.

 

[Happy Birthday Cat]

I just need to second what dvcreg is telling you.

If they are the same resort and the same use year, Don't worry. It won't even seem like you have more than one contract. It will always work like you have one big contract. You won't have to transfer points or do anything for that matter other than keep track of your total.

I have multiple contracts and the only one treated differently is the one with a different use year.

HBC

 

[ClarabelleCow]

I just bought a resale and then did an add-on with Disney, they are both the same use year and same resort, and yes under the same contract. So no problem.

 

[disneyberry]

thanks everyone for your help and reassurance!

i guess what i'm worried about only applies if you own at two different resorts, huh?

 

[Happy Birthday Cat]

i guess what i'm worried about only applies if you own at two different resorts

Or if you have two different use years.

HBC