Anyone rented out their points through Davids?

[Br'er Bear]

Originally Posted by Sara_toga

10. In the event of a Force Majeure (as defined in this paragraph), each party shall be excused from any future performance of obligations under this agreement; provided, however that if Intermediary has paid 70% of the funds collected for the reservation from Guest to DVC Owner pursuant to 4(f) of this Agreement, DVC Owner will return to Intermediary the full amount it has already received from Intermediary, as soon as is reasonably possible after the conditions(s) constituting the Force Majeure event is/are notified by Intermediary to DVC Owner. A Force Majeure is an event beyond the Intermediary’s reasonable control which renders performance of a rental reservation with respect to DVC Owner’s rented points impossible or substantially impaired, including without limitation, acts of God, acts of government, embargoes, war, riot, epidemic, pandemic, natural disaster, governmental order restrictions and Disney Vacation Club closures or cancellation of reservations.

The DVC Owner represents and warrants that the following information is complete and accurate with respect to the DVC Owner:

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Am I'm reading that right, as couldn't that now place an owner who had rented premium points at say 10-months but due to Force Majeure at say 6-months, has to cancel and return all 70% of funds to the intermediary.

If so, the owner now has non-premium points, so worth less when renting, with limited availability and maybe not bankable. The owner is now taking a big risk where as before there were none, consequently shouldn't the owner be compensated for now taking on that extra risk.

Maybe the Guest (renter) and/or Intermediary should have adequate insurance cover in the first place, otherwise the owner is now also acting as the insurance with a potential loss.

[arielrocks]

Originally Posted by Br'er Bear

Am I'm reading that right, as couldn't that now place an owner who had rented premium points at say 10-months but due to Force Majeure at say 6-months, has to cancel and return all 70% of funds to the intermediary.

If so, the owner now has non-premium points, so worth less when renting, with limited availability and maybe not bankable. The owner is now taking a big risk where as before there were none, consequently shouldn't the owner be compensated for now taking on that extra risk.

Maybe the Guest (renter) and/or Intermediary should have adequate insurance cover in the first place, otherwise the owner is now also acting as the insurance with a potential loss.

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Exactly this. I think they will struggle with owners wanting to use them going forward.

[Sara_toga]

So what else can I do?

Due to us have to cancel last months holiday the points were 2019 (June), DVC are allowing us to use then until June 2021.

We will not be going back before then, they can't be banked so we will loose them and that is the reason we are going to try and rent.

Loose/loose either way!

[arielrocks]

Originally Posted by Sara_toga

So what else can I do?

Due to us have to cancel last months holiday the points were 2019 (June), DVC are allowing us to use then until June 2021.

We will not be going back before then, they can't be banked so we will loose them and that is the reason we are going to try and rent.

Loose/loose either way!

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Transfer to another owner?

[Br'er Bear]

Originally Posted by Sara_toga

So what else can I do?

Due to us have to cancel last months holiday the points were 2019 (June), DVC are allowing us to use then until June 2021.

We will not be going back before then, they can't be banked so we will loose them and that is the reason we are going to try and rent.

Loose/loose either way!

See more...

If you are renting SSR points at David's then they won't be at the premium price, so no worries there.

It's worth only considering making a booking that's at least 6-months before your end of Use-Year, that gives you a little more flexibility if dates have to be moved. Obviously better if you can make a reservation at 9 or more months but those requests might be few and far bewteen at SSR.

But maybe not in the run up to Christmas so consider making a few reservations on spec for Dec in a studio while there's still a run of nights available. You might be lucky and a request might just match one of your reservations at a later date.

11th Dec onwards is available at SSR but some of those nights might get fully booked up over the coming weeks.

Good luck.