Why do DVC contracts expire?

[MrInfinity]

What does Disney do when the contracts expire? ie)2034.

Aren't most time shares lifelong? You would think that with all the points sold the buildings are more then paid off and maintenance fees keep them in top shape...so why expire?

Thanks

Old post!

 

[disneynutz]

Disney makes it's money selling contracts. They gave it 50 years to see how how much money the timeshare business would make them. If they are happy with the results, they can resell new contracts for the same buildings or tear them down and rebuild new DVC units. If they don't like the numbers they can build something else, Disney owns the land, DVC leased it from Disney.

Bill

 

[GrnMtnMan]

If you ever want to see a good reason why timeshares should expire, look no further than Club Land’or on Paradise Island in the Bahamas.

Land’or is surrounded on all sides by Atlantis, but doesn’t have access to Atlantis’ amenities. They have some sort-of access agreement that lets Land’or guests cross some part of Atlantis’ property to get to the beach, but that’s it.

Plus the owners of Land’or (which I think has a perpetual right-to-use system) charge the maximum dues allowed every year, but they don’t put that money back into the property, and occasionally skip paying the employees.

If you love late 60’s architecture, vinyl accordion divider walls, window unit AC, and a pool the size of your next-door-neighbor’s (though with 50 other families sharing it), then this is the place for you.

 

[MrInfinity]

If you ever want to see a good reason why timeshares should expire, look no further than Club Land’or on Paradise Island in the Bahamas.

Land’or is surrounded on all sides by Atlantis, but doesn’t have access to Atlantis’ amenities. They have some sort-of access agreement that lets Land’or guests cross some part of Atlantis’ property to get to the beach, but that’s it.

Plus the owners of Land’or (which I think has a perpetual right-to-use system) charge the maximum dues allowed every year, but they don’t put that money back into the property, and occasionally skip paying the employees.

If you love late 60’s architecture, vinyl accordion divider walls, window unit AC, and a pool the size of your next-door-neighbor’s (though with 50 other families sharing it), then this is the place for you.

Wonder if they charge more for "Atlantis-View"?

 

[KAT4DISNEY]

A 6 year old thread come to life!

 

[ScubaCat]

A 6 year old thread come to life!

This thread will expire in 2042 (although it can be extended to 2057 for a small fee).