Renting World Passport (II) Exchanges

[bnoble Senior Member Find all posts View Profile Close bnoble]

I'm told by a DVC member who may or may not know what he is talking about that when a member obtains an II week through the World Passport Collection, the member *is* allowed to rent that week out.

I'm skeptical, but Disney managed to push through the $95 exchange fee, so perhaps they negotiated away the restriction on renting as well. If so, that's a nice little perk for DVC members.

Are the governing documents for DVC/II exchanges online anywhere? If not, does anyone have a few moments to check their hard copies about this?

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I'm told by a DVC member who may or may not know what he is talking about that when a member obtains an II week through the World Passport Collection, the member *is* allowed to rent that week out.

I'm skeptical, but Disney managed to push through the $95 exchange fee, so perhaps they negotiated away the restriction on renting as well. If so, that's a nice little perk for DVC members.

Are the governing documents for DVC/II exchanges online anywhere? If not, does anyone have a few moments to check their hard copies about this?

I would be cautious about this - because there are many 'regular' II members who think they can rent out their exchange weeks as well.
You are smart in requesting 'hard copy' proof.

I am also interested in where II will be getting the inventory for DVC members to exchange into resorts for less then 7 days....taking inventory from the 'full week' exchange pool perhaps?

Just wondering if your DVC member friend has heard anything about that.

[bnoble Senior Member Find all posts View Profile Close bnoble]

Technically, I'm hoping to prove this person wrong.

But, the mouse being the mouse, it's got an outside shot at being true!

As for the short stays: it looks like full weeks from 30-day breakage inventory that isn't even being taken in flexchange. There's been a lot of discussion about disboards on it, including some sightings. As far as I can tell, they are all weeks that can be had in other ways for much less (but no one really wants.)

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Technically, I'm hoping to prove this person wrong.

But, the mouse being the mouse, it's got an outside shot at being true!

As for the short stays: it looks like full weeks from 30-day breakage inventory that isn't even being taken in flexchange. There's been a lot of discussion about disboards on it, including some sightings. As far as I can tell, they are all weeks that can be had in other ways for much less (but no one really wants.)

It is unfortunate that DVC members can not have a 'regular' II account where they could see everything 'regular' owners see and have full member benefits - this is OT, but it is similar to Starwood - what SVN owners/members see with their corporate II account is VERY different then when they have a resale week that is not part of SVN and goes into the regular II account.

The same resorts 'pull' so much more in the regualar account then in the Starwood 'owned' account....it just doesn't seem fair and it keeps the Starwood owners from depositing with II because they will not get an equitable trade (because they can't see squat online using the corporate account)...and makes SVN happy to keep all the ownerships in their 'points' based pool.

I am beginning to sound like the "X-Files" with a BIG conspiracy theory.

[bnoble Senior Member Find all posts View Profile Close bnoble]

I have an answer to my own question. A well-informed DIS poster found the following in the annual audit of the DVC exchange program.

5.4 No rental. Each Corporate Member and each Owner who receives an Exchange Reservation through a BVTC Program is prohibited from renting to, or otherwise receiving consideration from, any third party for any Vacation Interval reserved, received and confirmed through the BVTC Program.

So, DVC owners must play by the same rules.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

I have an answer to my own question. A well-informed DIS poster found the following in the annual audit of the DVC exchange program.



So, DVC owners must play by the same rules.

Wow, redweek need to be very careful on their policy now, since they do allow rent in their exchanges.

Jya-Ning

[buff Senior Member Find all posts View Profile Close buff]

Wow, redweek need to be very careful on their policy now, since they do allow rent in their exchanges.

Jya-Ning

Interval International does not have a proactive policing policy regarding the rental of exchanged weeks. They rely on Tips from Tuggers or other concerned citizens

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Wow, redweek need to be very careful on their policy now, since they do allow rent in their exchanges.

Jya-Ning

I agree, I think it will come back to 'haunt' them - could have possibel legal ramifications about WHO is responsible for any damages or problems with the unit.
Only time will tell.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I have an answer to my own question. A well-informed DIS poster found the following in the annual audit of the DVC exchange program.



So, DVC owners must play by the same rules.

Thanks for the update....

[buff Senior Member Find all posts View Profile Close buff]

I agree, I think it will come back to 'haunt' them - could have possibel legal ramifications about WHO is responsible for any damages or problems with the unit.
Only time will tell.

i was under the impression the indivuals whose credit card is used at check in is billed for any damage thats it. two individula i know who rented weeks were billed on their card. One destroyed a sofa bed and paid 500 dollars

[bnoble Senior Member Find all posts View Profile Close bnoble]

Wow, redweek need to be very careful on their policy now, since they do allow rent in their exchanges.

I don't think this is an issue. DVC owners can rent their DVC weeks. Just not those they obtain through an exchange outside the system. BVTC is the Buena Vista Trading Company, a shell company wrapped around Interval, augmented with some additional inventory obtained with cash, paid for by renting exchanged DVC units through Disney's normal channels.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I don't think this is an issue. DVC owners can rent their DVC weeks. Just not those they obtain through an exchange outside the system. BVTC is the Buena Vista Trading Company, a shell company wrapped around Interval, augmented with some additional inventory obtained with cash, paid for by renting exchanged DVC units through Disney's normal channels.

B,
jya-ning was referring to REDWEEKs policy of ALLOWING people to rent the units they get on Redweek as an exchange. It is apparently the only known 'exchange' company to do so.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Interval International does not have a proactive policing policy regarding the rental of exchanged weeks

Not true.....
See this thread - Renting an II exchange? Don't do it - Timeshare Users Group Online Community Forums

edit - clarification - gmarine had his II account suspended - when he contacted II, they said .....
"my account was under review for the selling of exchanged weeks on EBAY"
"Apparently there was an EBAY auction that was for the same unit/dates as one I have confirmed and the seller was also from NY. An overzealous manager looking for members with the same unit/dates from NY then locked my account assuming it was me before actually looking into it further."

Whether this rental of exchange weeks was because someone 'turned him in' or II routinely scrutinizes ebay for high demand locations, we can not say.
But II had no problem shutting him down before even investigating the facts - to me, this shows they are VERY serious about stopping rentals.

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

Redweek is apparently the only known 'exchange' company to do so.

That's not quite correct. There is one other exchange company that allows that and has posted here to that effect. I'd rather not name it because let's not put it above the radar screen again.

[buff Senior Member Find all posts View Profile Close buff]

Not true.....
See this thread - Renting an II exchange? Dont do it - Timeshare Users Group Online Community Forums

Pat, I'm out of the loop but I'm sure those tips they were getting from the yahoo group i used to belong to got them going.