echino
TUG Member
- Joined
- Dec 2, 2008
- Messages
- 2,220
- Reaction score
- 1,837
- Points
- 524
- Location
- Vancouver
- Resorts Owned
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HYN HCC HWP HYP
HRA KAN WSJ WKV WLR SVV
MCV MKO MM1 MPU MSK
GP7
Valdoro
HHV Lagoon
From Hyatt Piñon Pointe Declaration of Condominium filed with Coconino county:
I interpret this as owners of fixed weeks do not have the right to rent them out if such activity is considered a "commercial purpose" at Hyatt's discretion. I know that in practice you can rent your unit as much as you want, but it's the legal standpoint that worries me, not how it's done in practice.
This is a surprise to me. I thought if you can do anything with your owned deeded week, including renting it out for profit as a commercial activity. I thought restrictions may only apply if you use points to exchange within the Hyatt network, and then rent out an exchange.
But no! Legally, you cannot engage in a "commercial activity" with your owned unit.
Thoughts?
I interpret this as owners of fixed weeks do not have the right to rent them out if such activity is considered a "commercial purpose" at Hyatt's discretion. I know that in practice you can rent your unit as much as you want, but it's the legal standpoint that worries me, not how it's done in practice.
This is a surprise to me. I thought if you can do anything with your owned deeded week, including renting it out for profit as a commercial activity. I thought restrictions may only apply if you use points to exchange within the Hyatt network, and then rent out an exchange.
But no! Legally, you cannot engage in a "commercial activity" with your owned unit.
Thoughts?