Not surprisingly, DRR’s POS changes a lot of this language. I suppose the argument to us (pre-1/19 owners) is that “we are not substantially changing your resort agreement as you have exchange rights, and for a long time to come that represents the majority of owners. So, we can claim although we have affected some, the majority still have similar rights as before”. But, any post 1/19 contracts will have addenda in the closing paperwork to sign which amends the resort and multi-site POS, resort and membership agreements with the new “vision”.[/QUOTE]
Yikes Spartan86 Our contract recently passed ROFR (submitted after the 19th January deadline), and I have to admit I 'm now wondering what we're going to have to sign off on when our closing papers arrive as we will be considered 'minority' owners.
There's a part in our contract stating that we won't have access to any new resorts opened after 1/19/2019. This won't unduly concern us because we're never likely to want to stay at the Riviera or any other potential resorts.
Below is a section of our contract, can anyone please tell me, does this mean we will; or won't be able to book at any other of the L14 resorts?
I cannot find a definitive list of the Disney Collection.
2. MEMBERS WHO PURCHASE THEIR OWNERSHIP INTEREST IN ANY DVC RESORT FROM A PERSON OR ENTITY OTHER THAN DIRECTLY FROM DVD SHALL NOT BE ABLE TO USE THE VACATION
POINTS ASSOCIATED WITH THAT OWNERSHIP INTEREST FOR RESERVATIONS OR STAYS THROUGH THE INCIDENTAL BENEFITS KNOWN AS THE ADVENTURER COLLECTION, CONCIERGE COLLECTION,
OR THE DISNEY COLLECTION. YOU WILL NOT HAVE ACCESS TO OTHER DISNEY VACATION CLUB INCIDENTAL BENEFITS (ALSO KNOWN AS MEMBERSHIP EXTRAS) SUCH AS MEMBER DISCOUNTS ON
DINING, SHOPPING, MEMBER-EXCLUSIVE EVENTS, AND CERTAIN SPECIAL MEMBER OFFERS. DO NOT PURCHASE YOUR OWNERSHIP INTEREST IN RELIANCE ON ACCESS TO OR THE ABILITY TO
TRANSFER THESE DISNEY VACATION CLUB INCIDENTAL BENEFITS. YOU WILL NOT HAVE ACCESS TO ANY DISNEY VACATION CLUB RESORTS DVD OPENS AFTER 1/19/2019.
3. Seller shall convey DEED, EXPIRES 1/31/2057 to Buyer (Trustee, Guardian's or Personal Representative's Deed to be used in event of Trust, Guardianship, or Estate). Property shall be free and clear of all encumbrances.