Rent or Transfer?

[TEK224]

What's the difference between the two? Is one better (safer) to do than the other? Can points be transferred to another member even if their use years are different.

Thanks!
Terri

 

[tjkraz]

When you "rent" points, you are simply making a reservation in the name of another guest who is NOT a DVC owner. It's wise to have a written agreement of some sort which includes payment terms, cancellation policies, etc. Since the person is not a member, you are their lifeline to DVC. You need to call and check on availability, make the reservation, forward a copy of the confirmation, and so on.

When you transfer points, you are dealing with a fellow DVC member. In a transfer situation, the two parties simply agree on payment terms, money changes hands, and then the points are moved from one member to another with a single phone call.

One limitation I can think of for transfers is that you can only transfer points in one direction each year--you can either RECEIVE points from another member or GIVE points to someone. You cannot do both in a single year.

Points are supposed to retain their original Use Year and Home resort even when transferred.

All things considered, transferring points is a cleaner transaction.

 

[RobDoc]

Reservations may be made for anyone- whether they are a DVC member or not. You would just make the reservation in the name of your renter without regard to membership. You will always maintain control of the reservation and may make any changes (including cancellation) up until the checkin date.

Transfers would be made only to another DVC member and, as indicated, only may be made in one direction (either into or out of your account) in any Use Year. Once transferred, the points will be beyond your control and the other member will have complete control of any further action using those points.

DVC will not intervene in any dispute regarding either situation. The DVC documents specifically state that transfers are not to invlove any monetary exchange and DVC won't assist with any dispute regarding a transfer (or a reservaton).

 

[drakethib]

When you "rent" points, you are simply making a reservation in the name of another guest who is NOT a DVC owner. It's wise to have a written agreement of some sort which includes payment terms, cancellation policies, etc. Since the person is not a member, you are their lifeline to DVC. You need to call and check on availability, make the reservation, forward a copy of the confirmation, and so on.

When you transfer points, you are dealing with a fellow DVC member. In a transfer situation, the two parties simply agree on payment terms, money changes hands, and then the points are moved from one member to another with a single phone call.

One limitation I can think of for transfers is that you can only transfer points in one direction each year--you can either RECEIVE points from another member or GIVE points to someone. You cannot do both in a single year.

Points are supposed to retain their original Use Year and Home resort even when transferred.

All things considered, transferring points is a cleaner transaction.

I have a dumb question. So for example, I can only transfer points once per year. IF I needed to have more points transfered from another member I would not be able to do it?

I am sorry if this a dumb question, this is just the first time I heard of that.

 

[tjkraz]

I have a dumb question. So for example, I can only transfer points once per year. IF I needed to have more points transfered from another member I would not be able to do it?

I am sorry if this a dumb question, this is just the first time I heard of that.

You can only transfer points in one direction per year--either in or out. If you want to sell your points to multiple members, you can do more than one outward transfer in a single UY.

My guess is the rule was designed to keep people from manipulating the Home resort booking windows (i.e. you transfer me your BCV points so that I can book there at 11 mos and I transfer you my OKW points so that you can book a Grand Villa.)

You COULD still do something like that, but you would have to perform the transactions in subsequent years.

 

[RobDoc]

I have a dumb question. So for example, I can only transfer points once per year. IF I needed to have more points transfered from another member I would not be able to do it?

I am sorry if this a dumb question, this is just the first time I heard of that.

Originally, only one transfer (either into or out-of) was allowed each year. Mosre recently, MS has allowed multiple transfers in only one direction (either into or out-of) each Use Year. At this time you may make as many transfers to other members as you'd like or may accept as many transfers into your account as you'd like each Use Year- but if you transfer out, you may not transfer in during the same Use Year.

If you have already had points transferred into your account and would like to have more transferred in - you may do that without a problem (excpet for finding someone to offer the points).

Good luck!

 

[TEK224]

I don't see myself transferring OUT to much (unless I was desparate). I'll probably need to transfer in for while.

Terri

 

[fatherAZ]

When you rent out your points under someone else's name, do they take responsibility for the room (damages, etc.). When they check in, do they leave their credit card?

 

[CarolMN]

When you rent out your points under someone else's name, do they take responsibility for the room (damages, etc.). When they check in, do they leave their credit card?

Ultimately, you are responsible for your guest's/renter's behavior. If Disney were unable to recover damages from your renter, then yes, you could be liable. I have not read any reports here that any renter caused the owner to be charged for damages to the room.

If your guest wants to charge back to the room or take advantage of the epress check out feature, he/she must leave a credit card with the front desk when they check in.

There was a thread here not so long ago about Disney putting a hold on an owner's account due to a problem with a guest's credit card bill. This was resolved and while most here believe Disney should not have "frozen" the owner's account (especially since it appeared to be Disney's fault that they problem occurred in the first place), the owner was not allowed to make reservations while the matter was waiting resolution.

Best wishes -