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Membership has privledges?

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  • Membership has privledges?

    In an interesting post on a Yahoo Group one of the larger points based systems seems to be taking a new view of what the systems represent. Based on the quote it seems buyers aren't purchasing use rights but rather being accepted or permitted to use the system as you would be an American Express card member or meeting the qualifications to get a drivers license. I certainly had never considered any points based system to be culling those that didn't meet their standards - unless the standard was not paying the fees - but maybe I was wrong.

    Here is just a snippet of the post: "membership is a right...that can be revoked'

    So is that the case? If we are in the system voluntarily and hold a deed I can see where, as an example, RCI could terminate a membership in Points should the member break the rules. It had better be pretty egregious as there may be thousands or dollars in buy in involved - a tough thing to simply lose on a corporations say so. But what if you bought into a system like Wyndham where the points ARE what the basis is. Can THEY boot you out? On who's say so?

    Talk between yourselves. I think its more than a bit high handed.

  • #2
    I believe it completely depends on the statutes underwhich the timeshare points plan is created. The rights that are conveyed are spelled out in the public offering statement. The resort developer cannot just make up new use rights for real property without violating real estate law.
    My Rental Site
    My Resale Site

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    • #3
      With Wyndham, points are not the basis, but the underlying week is. I couldn't imagine them booting you from the system, but if they did you would be still be left with a fixed/floating week at your home resort. Of course at completely UDI resorts, and you become the only one outside of the points system would be an interesting proposition. They only way I would like Wyndham would "revoke" you is non-payment of fees and/or mortgage, in which case they would forclose on your week anyway. Then you are left with nothing.

      Devin

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