Grand Lodge on Peak 7

[Nut]

I just recently bought a Timeshare at the Grand Timber Lodge in Breckenridge and love it! (I bought it from a member on this board)

I am curious to know from any of the current owners from the Grand Lodge if Bonus Time is available in the resale market now or if it is still restricted to purchases from the developer. Some older posts seem to suggest that isn't allowed (resale with bonus time) but I was curious if the HOA had changed the rules yet.

Thanks for the help!

Nathan

 

[Nut]

I called Breckenridge Grand Vacations and spoke to somebody who basically said that bonus time did not transfer to new owners. He even mentioned that it was in the declaration and plan of ownership. I did a google search and found a pdf document with the below wording...


R. RESALE OF PROPERTY-RIGHT OF REPURCHASE


As a Vacation Owner at The Grand Lodge on Peak 7, you may choose to sell your week or weeks sometime. While you may sell your property to another person, Developer has not guaranteed you that your week or weeks has increased in value. The primary reason for purchasing your time at The Grand Lodge on Peak 7 should be to u se and enjoy the property either at The Grand Lodge on Peak 7 or through the exchange program. If you choose to sell your week(s), you may transfer your club member benefits to buyer only if you purchased your week directly from The Grand Lodge on Peak 7 and the buyer has not previously toured The Grand Lodge on Peak 7. If you toured The Grand Lodge on Peak 7 but made your purchase of timeshare at The Grand Lodge on Peak 7 through a resale program, club member benefits are not transferable. Developer does not at this time actively engage in a resale program. Pursuant to Article 22, Section 22.14 of the Declaration, Exhibit II-A, Peak 7 has the option to repurchase a Vacation you desire to sell, assign or otherwise transfer this Vacation Estate. NOTHING HEREIN CONSTITUTES A GUARANTEE THAT DEVELOPER WILL HELP YOU SELL YOUR WEEK OR WEEKS IF YOU DECIDE TO SELL AT A FUTURE TIME.

Assuming that the wording in bold still holds true, it would suggest that bonus weeks do transfer under the guidelines noted above.

Needless to say I'm still confused. If anybody has bought Grand Lodge on Peak 7 in the resale market, I would be interested to know your experience.

Thanks,

Nathan

 

[FFC]

I have a resale and a unit from the developer. The bonus time generally does not transfer in a resale, unless the circumstance above applies. I would imagine that if it does, you would still have to explain to them what the contract says.

 

[jlp879]

This old thread may be helpful.....

https://tugbbs.com/forums/index.php...peak-7-co-club-benefits-dont-transfer.111224/