Do you agree or not that the definition in the Florida Law for a Timeshare Unit is equivalent in the
DVC POS to that of a Vacation Home?
If yes, than DVC says in the POS that the studios and 1BR are vacation homes, i.e what the FL law calls Timeshare units. In a world without a lockoff premium, there would be no contradiction in having a 2BR lockoff, a studio or a 1BR all as timeshare units. They would convey each a proportional amount of ownership interest, the
point charts would be balanced.
FL law allows the timeshare instrument to convey the portions of larger villas as single timeshare units, no contradiction here.
If no, then which one is the entity that matches the definition of timeshare unit? If it's only the 2BR for lockoff, can you point to where in the POS this is written? And then, why studios and 1BR (in a resort where there are no dedicated studios and 1BR) are called Vacation Homes?
Also, what do you think about THV needing more vacation points to be booked than the ownership interest they convey? There is no lockoff here to muddle the waters.
Maybe there are other documents and laws that would apply to this. In that case, I'd like to read them. I am not ready to concede that if DVC did it, then it's fine. Because they've also set the MF for Aulani to a low level to boost sales and so they've been condemned to pay subsidized fees for 50 years by the state of Hawaii. So their track record is not immaculate.