Timeshare Documents

[rwthompson82]

Hello,

I've recently had an offer accepted, and the contract states "There are many important documents related to the timeshare plan which you should review prior to purchasing a timeshare period including the declaration of condominium or covenants and restrictions; the association articles and bylaws; the current year's operating and reserve budgets; and any rules and regulations affecting the use of the timeshare plan accommodation and facilities."

Yet nothing like this was provided. I've requested the documents...but is there anything there I should be concerned with? Can these be found online somewhere?

I understand estoppel will show if there are any special assessments or oddities.

I understand the DVC rules. My lawyer just recommended we review these before signing...I'm not that concerned, but I still believe in reading things before signing them.

Thanks!

 

[disneynutz]

The original buyer should be passing these documents on to the new buyer but it doesn't happen. DVC doesn't provide them in your welcome packet but they might be available if you ask the right person. The documents contain all of the legal things that are all in Disney's favor, they wrote the rules and policies, can change them as they see fit, you have no control and are just along for the ride.

Bill

 

[miTnosnhoJ]

I found this on Google. It will give you a flavor for the legal docs.
https://disneyvacationclub.disney.g...lobal/footer/Utah_VGF_Property_Report2017.pdf

When I get home, I may be able to find more.

I have the docs from when I bought VGF a couple of years ago, but some of them are out of date - the ones dealing with Membership Extras. But the base legal docs have not changed.

 

[rwthompson82]

I found this on Google. It will give you a flavor for the legal docs.
https://disneyvacationclub.disney.g...lobal/footer/Utah_VGF_Property_Report2017.pdf

When I get home, I may be able to find more.

I have the docs from when I bought VGF a couple of years ago, but some of them are out of date - the ones dealing with Membership Extras. But the base legal docs have not changed.

Thanks so much!

 

[miTnosnhoJ]

Thanks so much!

For additional documents see the Orange County Comptroller's site and do a record search. Search for Book 10545, Page 3894

There is also a more general public offering document, which describes how the reservation system works for all DVC resorts. I'll see if I can find it.

 

[miTnosnhoJ]

For additional documents see the Orange County Comptroller's site and do a record search. Search for Book 10545, Page 3894

There is also a more general public offering document, which describes how the reservation system works for all DVC resorts. I'll see if I can find it.

Also see Book 10545 Page 3964.

 

[miTnosnhoJ]

Membership Extras document: https://disneyvacationclub.disney.go.com/media/dvc/en/hidden-pages/MEADS_02_25_18_Clean.pdf

Home Resort Rules and Regulations: https://disneyvacationclub.disney.g...lations/Home-Resort-Rules-and-Regulations.pdf

You may need to be signed in to see these.

 

[rwthompson82]

Membership Extras document: https://disneyvacationclub.disney.go.com/media/dvc/en/hidden-pages/MEADS_02_25_18_Clean.pdf

Home Resort Rules and Regulations: https://disneyvacationclub.disney.g...lations/Home-Resort-Rules-and-Regulations.pdf

You may need to be signed in to see these.

Thanks again, so far nothing from the seller, but this makes me feel better. Also, Disney lawyers may be more impressive than the Imagineers.

 

[KAT4DISNEY]

Probably the most important is when you get to the end and they tell you they can change most of it if they wish. There are of course certain things that are controlled by regulations but what they can change you should assume they will if they see a need.

 

[miTnosnhoJ]

Probably the most important is when you get to the end and they tell you they can change most of it if they wish. There are of course certain things that are controlled by regulations but what they can change you should assume they will if they see a need.

I was surprised at the things that they can’t change. For example, they can’t raise dues including the tax portion more than 15% in a year without the approval of 60% of owners.