Third party commercial renters

[JackosinDIS]

As a side note, I was surprised by the number of commenters on the FB post who said the same thing had happened to them. I think I counted 3 or 4 although I could have missed some

Yes, I saw a couple, although these may have been renters also affected by the 5 reservations that were cancelled through the broker.
I noticed that DVC rental store said that this was only the second time they had ever seen this happen (ressies cancelled), so seems to be pretty rare. But still… things like this can be enough to spread uncertainty / fear among would-be renters (both owners and guests)

 

[DonMacGregor]

I interpreted the story as the reservation in question (GV at AKL) was made with a different contract and the one that was voided/cancelled was contract that member was in the process of acquiring. Kind of like we have 3 upcoming trips already booked with points, are in the process of acquiring a resale BLT contract, and will use those points differently.

I read it as "We've just purchased another contract and before the ink has even dried and the recission period has ended, we've already made 5 rental reservations using the points."



* "But we're not commercial renters".

 

[Jimmy Geppetto]

Once closed, they can’t take contract away, but if you are in the process of buying one? Then I don’t think anything can legally prevent DVD from canceling a sale. It’s possible that they found it would violate the 8000 point rule.

I see those as two different things.

Agreed. It was likely a direct purchase. You can't make reservations on a resale contract until it closes and points load.

 

[Maistre Gracey]

I probably won’t word this clearly, but I’ll give it a try…

It seems to me that if DVC books more rooms/points than you have, at some point you will run out of rooms.

So, if the resale owners points are not “protected”, at some time down the road, some owner could be shut out.

 

[Cyberc1978]

I probably won’t word this clearly, but I’ll give it a try…

It seems to me that if DVC books more rooms/points than you have, at some point you will run out of rooms.

So, if the resale owners points are not “protected”, at some time down the road, some owner could be shut out.

Don’t know if this is what you mean but:

1. There can’t be used more points than the total maximum for all the resorts combined.
If we assume BWV have 2 million points (can’t remember the exact number) then there can’t be used more than that - through out the year.

However if all BWV owners tries to use their points during May then not all owners will get what they want and will have to settle.

2. No owners will be shut out, all owners have the same possibility to book. Some are perhaps just more lucky than others therefore some owners will either have to settle for another room type or try another resort.

That also mean that resale or not that if you book during the 11 month window you can get something at your home resort.

However if you wait until the 7 month window then the competition will be much more fierce since direct owners at Ie Riviera will have access to Boardwalk but resale won’t have access at Riviera. BUT one could argue that if you booked your home resort then you always have a room and then maybe you can switch and maybe you can’t.

You could also make another argument that since resale can’t book the restricted resorts then resale need to book their home resort and that causes the resorts without restrictions to have very limited availability at 7 months which again causes the direct owners to be unable to book them.

 

[Maistre Gracey]

Well… not really. There is no such thing as a seventh month window for the resale owner, so what is the guarantee??
Booking the first minute of the 11 month window will yield a ressie 99.9999% of the time, but not guaranteed. Other owners could have banked/borrowed points that booked everything. Obviously unlikely, but theoretically possible.
Those without trade restrictions still have 7 month window.

Granted, it isn’t likely. It’s more from a “timeshare overbooking law” that I’m thinking about.

Forgot to quote… @Cyberc1978

 

[Cyberc1978]

Well… not really. There is no such thing as a seventh month window for the resale owner, so what is the guarantee??
Booking the first minute of the 11 month window will yield a ressie 99.9999% of the time, but not guaranteed. Other owners could have banked/borrowed points that booked everything. Obviously unlikely, but theoretically possible.
Those without trade restrictions still have 7 month window.

Granted, it isn’t likely. It’s more from a “timeshare overbooking law” that I’m thinking about.

Forgot to quote… @Cyberc1978

as a resale owner there are a “7 month” window in which you can book another resort. At least as long as we have unrestricted resorts. When all the unrestricted resorts expire then it’s another story but not until then.

Also I know that the 7 month window can be changed to something else. If Disney takes this away it applies to all owners.

Also as mentioned you can’t book more rooms than what’s available same goes for points.

 

[Maistre Gracey]

as a resale owner there are a “7 month” window in which you can book another resort. At least as long as we have unrestricted resorts. When all the unrestricted resorts expire then it’s another story but not until then.

Also I know that the 7 month window can be changed to something else. If Disney takes this away it applies to all owners.

Also as mentioned you can’t book more rooms than what’s available same goes for points.

Than I am mistaken.
I thought resale owners at RIV were restricted from trading out.

 

[Cyberc1978]

Than I am mistaken.
I thought resale owners at RIV were restricted from trading out.

They are.
Resale owners at other locations are not. Only resale at RIV and I assume VDH are too.

 

[Maistre Gracey]

They are.
Resale owners at other locations are not. Only resale at RIV and I assume VDH are too.

In that case I return to my original premise.

 

[Cyberc1978]

In that case I return to my original premise.

I don’t think I understand what you mean.

Take SSR as an example how would resale restrictions impact resale owners here?

 

[PRmamiDEdos]

When making a booking there should be a checkbox to state if the booking is in exchange for money/barter or other form of payment. That would show another list of conditions the member needs to be aware of and acknowlege to complete the rental. Not checking that box when renting could be made to be not following the rules (and therefore face Disney's wrath).

That won’t matter. Most snatch all the good days they can, all the single days, any two/three day reservations and book in their name and then transfer the confirmed reservation. It used to be so easy to add a night before or after a vacation but now it’s an impossibility. It’s bananas that the availability calendars are completely grayed out at 10 months out, even during slow months.

 

[Cyberc1978]

That won’t matter. Most snatch all the good days they can, all the single days, any two/three day reservations and book in their name and then transfer the confirmed reservation. It used to be so easy to add a night before or after a vacation but now it’s an impossibility. It’s bananas that the availability calendars are completely grayed out at 10 months out, even during slow months.

That’s why you need to book at your home resort. Also why you need to own where you want to stay.

Don’t expect to be able to book anything at 7 months during the fall frenzy or during months with low point requirements.

 

[Maistre Gracey]

I don’t think I understand what you mean.

Take SSR as an example how would resale restrictions impact resale owners here?

More competition at 7 months.
Lots of inbound, zero outbound (from resales).

 

[Maistre Gracey]

Think of DVC like a bank account.
If you’re spending more money than you are taking in, eventually….

 

[Sandisw]

Think of DVC like a bank account.
If you’re spending more money than you are taking in, eventually….

One thing that is changing is that a lot more points are restricted from booking in to the restricted resorts than will be booked only there.

So, that balance is tempered in that sense. DVC can certainly use rules to keep the banking and borrowing limited if there became an unbalanced during home resort booking…

However, since we are not guaranteed any specific day or room, even those who own at restricted resorts or restricted to one resort points, will always be able to book with their points during the home resort window. They simply can’t be shut out of using their points.

 

[Cyberc1978]

Think of DVC like a bank account.
If you’re spending more money than you are taking in, eventually….

Either I don’t understand what you mean or I disagree.
As mentioned you can’t book more rooms than what’s available and you can’t use more points than what’s available.

 

[Cyberc1978]

One thing that is changing is that a lot more points are restricted from booking in to the restricted resorts than will be booked only there.

So, that balance is tempered in that sense. DVC can certainly use rules to keep the banking and borrowing limited if there became an unbalanced during home resort booking…

However, since we are not guaranteed any specific day or room, even those who own at restricted resorts or restricted to one resort points, will always be able to book with their points during the home resort window. They simply can’t be shut out of using their points.

Too me it seems that @Maistre Gracey is meaning that more rooms are booked than whats available or more points are spent than what should be possible - I disagree to both of those statements.

But @Sandisw you are correct that as time goes by more points will be restricted to only book unrestricted resorts. If DVD continues to develop restricted resorts then at some point owners with restricted points will have difficulties trading out. When that happens either DVC or someone else will have found a solution. That could be that you pay to trade out or that you do a private trade. ie I have x resort and what to book y resort. Not ideal but perhaps with a trustworthy middleman it could work.

 

[Sandisw]

Too me it seems that @Maistre Gracey is meaning that more rooms are booked than whats available or more points are spent than what should be possible - I disagree to both of those statements.

But @Sandisw you are correct that as time goes by more points will be restricted to only book unrestricted resorts. If DVD continues to develop restricted resorts then at some point owners with restricted points will have difficulties trading out. When that happens either DVC or someone else will have found a solution. That could be that you pay to trade out or that you do a private trade. ie I have x resort and what to book y resort. Not ideal but perhaps with a trustworthy middleman it could work.

And, the reason that DVC has the right to amend the % of banking and borrowing is to ensure that the system for home resort bookings stays balanced.

Just like they did during the 2020 closure. If an owner waits to book until others can trade in when they can’t trade out, that’s on them.

Now, I think what could very well happen down the line as more resorts become restricted, is that DVC will up the OTU program to allow restricted owners to trade their points and a fee for access to DVCs points to book low demand resorts.

 

[DougEMG]

Given that you own part of a particular room which is represented via points for a year.

What is the guarantee on you being able to use you room/points?

(1) That you can always book something at your home resort in the home resort booking window, which could be as low as 1 month.

or

(2) That you can always book something somewhere within a 12 month period.


Prior to the resale restrictions I would have said it was #2, but now it seems that it is #1. What is the actual wording on the contract though?