Selling points - help!

[karyn]

Hi

We are new DVC members (April 07) and banked our points for last use year (April 07 - March 08). We have not got around to using them and wonder how selling points works? Are we able to sell 'banked' points? If not has anyone any suggestions as to what we do with them? We are UK based and so can't just hop over to AKV for a few days!!! :scratchch

We'd be very grateful for any help and advice - thanks :sailing:

Karyn

[DVC Mike]

You aren't really "selling your points". You are renting out a reservation you make with your points. You can post a "points for rent" on MouseOwners.

I would advise using a written contract to ensure both parties fully understand the entire process, including when money is due and the cancellation policy. Many owners have a “no cancellation/no changes/no refunds” policy.

Since these are banked points, your risk is that a potential renter may back out -- leaving you with nothing.

Be sure your potential renter understands how "renting points" from a DVC member is different than just making a hotel reservation. The differences are explained at
http://www.mouseowners.com/forums/showthread.php?t=12682 (http://www.mouseowners.com/forums/showthread.php?t=12682)

Also check out the great info on the main MO site at http://www.mouseowners.com/content/index.php?option=com_content&view=article&id=266&Itemid=150

[DVC Mike]

There are many sample rental agreements floating around. Here is one of them (This is not legal advice and you should consult a qualified lawyer if you wish to ensure the legal intent of the agreement).

DVC Rental Agreement

This Agreement is made the __ day of ______, 200x by and between _________ (“Member”) and ______ (“Renter”) with the following Terms and Conditions:

1. Member agrees to use his Disney Vacation Club (DVC) points to provide a reservation for Renter at:
________ Villa - ___ bedroom villa to arrive on _________, 200x and depart on __________, 200x (____ points);

2. The reservations will be rented at the rate of $____________(___ points @ $__/pt plus fees) payable via money order, cashier's check or personal check;

3. Member will confirm availability with DVC Member Services and make a Reservation in Renter’s name. At this time Member will provide the Disney Vacation Club confirmation number to Renter. Upon receipt of written confirmation from DVC (this takes from seven to ten days), Member will mail the confirmation notice to Renter;

3. A deposit of 20%, plus exchange fees (if any), will be due within 10 days of the receipt of a printed confirmation (or copy) from Disney in the name of Renter. This deposit is non-refundable. The remaining balance of 80% of the payment will be due no later than due 60 days prior to the arrival date.

3. If payment is not received as agreed or returned for “insufficient funds”, the reservation shall be cancelled and any deposit and exchange fees (if any) forfeited;

4. All funds received are NON-REFUNDABLE. Member will always retain control over the reservation. Renter may not sub-lease to a third party.

This is an agreement to rent points that represent accommodations ONLY. There are no ticket media, transportation, meals/meal plans, transfers, insurance, or other items included. Such items and any additional costs therein are not included in the above referenced rate. Further, Renter understands that there is a not daily housekeeping service at DVC resorts. Additions such as the Disney Dining Plan (DDP) and Magical Express will have to be made on behalf of Renter through DVC by the Member. Renter will pay for the Disney Dining Plan during check-in at the resort. Renter may make their own dining reservations through the Disney dining number. Park tickets cannot be purchased through Member. Renter can purchase tickets on their own.

In addition to payment for points, Renter is responsible for any exchange fees assessed for non-DVC resort accommodations in the booking or re-booking of the reservation and are non-refundable.

Renter will email Member with the first and last names and ages of each person staying in the villa. Any special requests regarding room location, view and/or amenities will be made for the Renter by Member at the time of making the reservation but CANNOT be guaranteed.

In the event that the Renter wishes to change the reservation, Member will make reasonable efforts to assist Renter to make such changes. Renter should be aware that changes to the reservation may not be possible because of limited room availability. Any changes must take place on or before _________, 2008 and result in travel being completed by_______, 2008 as that is when the points will expire. Renter shall be responsible for 100% of any additional charges assessed or costs incurred to accommodate Renter’s changes. Payment for these changes shall be due upon e-mail or fax notice from Member. Confirmation of payment for such changes is required within 5 business days of such notice or reservation shall be cancelled.

Renter agrees to abide by all rules of the resort involving use of the facilities and to abide by all rules and policies of the Disney Vacation Club (DVC). Pets are not permitted to stay at DVC Resorts, except for service animals as defined by the Americans with Disabilities Act.

Renter understands that all DVC resorts are totally smoke free including the guest rooms, resort buildings, patios and balconies.

Renter agrees to provide the Resort with an acceptable credit card upon check-in for incidentals and any other charges imposed by the Resort connected to Renter’s stay at and use of the Resort.

Renter agrees to indemnify and hold harmless the Member due to any actions taken by Renter, Renter’s named party and/or Renter’s guests during the execution of the reservation.

Renter agrees to be responsible for any unpaid charges or damages to the unit rented, including all contents and improvements, Disney Vacation Club property and Disney property during his/her stay that are assessed against Member. Any unpaid charges or damages to the room, including all contents and improvements, DVC property and Disney property during his/her stay that are assessed against Member or his membership shall be reimbursed to Member by Renter within 10 business days of notice to Renter. Sending a fax or e-mail copy of a DVC or other Walt Disney Company communication assessing the charges or damages shall satisfy notice to Renter.

Any modifications of this Agreement are unenforceable unless in writing and signed by both the Member and Renter. This Agreement shall be governed under and interpreted and enforced in accordance with the laws of the State of XXXX.

Reservation Summary
Reservation number (s):
Resort (s):
Additional Requests: DDP (extra expense payable at time of check-in) and Magical Express
Rate: $
Paid: $

Agreed and accepted on the date first shown above.


__________________ _____________________
(Member) (Renter)