How does having multiple contracts work?

worm761

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I am looking into buying DVC but will most likely go the resale route. My question is, if I buy multiple contracts, all for the same resort, do the points just pool together?
 
If you are buying multiple contracts, the contracts stay separate - each with it's own distinct contract number.

Can you use them all at the same time? Only if they are the same Use Year!
That's a big one! If you are buying multiple contracts with the intent of using them all for bigger reservations, you will want to make sure they are all the same UY!

If they aren't the same UY, you might get some points at one time, some at another, and some at another. You will have an 11 months booking window as long as all of the contracts are at the some resort - however - multiple contracts, with multiple use years could get VERY confusing when banking or borrowing. :headache:

So, if you considering multiple smaller contracts - keep those things in mind!
 
You can get them pooled together for purposes of all uses only if the contracts are in the same designated use year month. If they are in different months the two contracts will always be treated as if you were two separate members. Note as long as they are in the same use year month they can be pooled even if they are for different resorts (but at 11 months out you can reserve only with points specifically applicable to a resort).

Note, if you do buy multiple contracts with same use year month you must make sure Disney is informewd that you want them pooled together and also your deeds must contain the same names.
 
It can be pretty confusing...here's my attempt at making it a bit simpler:

If all your contracts are titled exactly the same way and are the same UY, then they will be treated as one master contract with the other ones being "add-on's"...so, if your master contract is number xxxxxxxx, add'l contracts will be xxxxxxxx.1, xxxxxxxx.2 (etc.). You'll be able to combine points at will so long as they're at the same resort. If they're at different resorts, then you'll still be able to combine points at will at 7 months out, but from 11 months out to 7 months out, you can only reserve with points at your home resort for reservations at your home resort.

For example, say you have 3 100-point contracts--all titled exactly the same and all w/the same UY...in the first example, they're all SSR contracts. In the second, two are at SSR; and one is at AKV...

At 7 months (and closer), you can use all 300 points on any one reservation...

Between 11 months and 7 months from the start of your vacation, you can only reserve at SSR (in the first example); in the second example, you can reserve a villa for up to 200 points (or 400 or 600, w/banking and borrowing) at SSR, and for up to 100 points (or 200 or 300, w/banking and borrowing) at AKV...

If your contracts are titled differently (e.g., on one you're the sole owner; on the other you own w/your spouse), then they are separate master contracts...you can link reservations made w/each contract, but can't combine the points--this could get tricky if you have enough points in both contracts for one night, but not enough in either contract (e.g., say you need 24 points for one night; you have 12 left in each of your two contracts...you can't combine those two 12-point contract amounts into one 24-point reservation (whereas you could if it were one master w/add-on's)...

If/when you go to sell, each contract is sellable separately, whether it's a master w/add-on's, or several separate masters...

Does that help?
 

Thank you so much. That made it all a little less confusing.
 
If all your contracts are titled exactly the same way and are the same UY, then they will be treated as one master contract with the other ones being "add-on's"...so, if your master contract is number xxxxxxxx, add'l contracts will be xxxxxxxx.1, xxxxxxxx.2 (etc.). You'll be able to combine points at will so long as they're at the same resort. If they're at different resorts, then you'll still be able to combine points at will at 7 months out, but from 11 months out to 7 months out, you can only reserve with points at your home resort for reservations at your home resort.
This answer, IMHO, is the clearest and most complete.

Understand that there are two concepts here -- contracts, and accounts. If you don't meet the criteria Dani outlined above (exactly the same titling, same UY), you would have seperate accounts. In order to combine those points, you'd have to transfer points between accounts.

But under the description Dani gave you, you would have ONE account...with multiple contracts. In that scenario, no transfers would be needed.
 
We have two contracts at the same resort with a December and a February use year. It's been manageable. We've not had any issues booking at the 11 month window. If we had more than two UYs I could see it being a bit more challenging but not impossible.
 












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