Vidanta Fees per year

[musictom]

At one point, somebody here on this forum posted Vidanta contract resales/maintenance fees, etc. by year. For instance, our 2002 contract calls for an extra MF every 5 years, a 5X MF renewal cost, and a 10% contract price resale fee.

I've poked around, but can't find it with the search engine. It's not critical, but if someone had that info, I'd be grateful.

Thanks!

Tom

 

[pittle]

I put this together a few years ago.

Before August 2002, transfer fees for Mayan Palace units were the cost of Maintenance fees for 1 year. The Vacation Fair week transfers with the contract. (A large majority of these have now upgraded to Grand Mayan and their old units are sold with the new terms.) These have a 25 year renewal fee(5 MF) and 5 year renovation fee that is equal to 1 MF.

From August 2002 - November 2005, it was 10% of the original purchase price. The Vacation Fair week does transfer with the contract. I am not sure they started selling Grand Mayan units before 2003. This was the information for Mayan Palace that was in a contract that we had. This has the 5 year renovation fee and 25 year renewal.

The 5 times the MF to transfer (sell) to another person started in late 2005, just before we upgraded to two GM 2-bedroom units in April 2006. These also had a 5 year renovation fee that is equal to 1 MF. The no pay unless you go feature was new in 2006, but came with an addendum that if you transferred your contract to someone else, the Vacation Fair (bonus week) and the no pay unless you go feature does not go with the transfer.

In 2008, there were some contracts that still had the 5 year renovation fee that was then 1-1/2 the cost of your MF, and still had the 5 times the MF to transfer to someone else. These also had the 25 year renewal fee that was 5 times the MF.

I am not exactly sure when, but by the time we upgraded to the Grand Luxxe in 2013, the cost to transfer your week to someone else had gone up to 10 times the MF and none of the special benefits, especially the no pay unless you go and extra weeks go with the transfer. The new contracts have some 10 year renewal options which seem to change regularly.

 

[musictom]

That's EXACTLY the post I was thinking of. Thanks, Phyllis!

 

[T-Dot-Traveller]

Thanks Phyllis

For future readers -
transfer to immediate family is $ 0 - no charge , and VF week and no pay addendum DO transfer .
and the registered week renews as a registered week at the 25 year renewal .

Our contract is from Feb 2006 - and this is clearly spelled out , (as is the cost ,and removed benefits ,outlined above by Pittle for non- family transfer.)

Immediate family includes children and grandchildren . This is why they were sold as renewable for 99 years of use .
Vidafel / Grupo Mayan / Vidanta was not expected any of us to live 100 years from purchase date .

Over the past few years a number of family members have visited TUG as first time posters ,and then transferred contracts based on the $ 0 dollar cost .

The best deal was a contract that had been purchased about 1987 from Vidafel and the owner had paid the renewal for 25 more years in 2012.
He and his wife were no longer able to travel . The MF for a 2 bedroom Mayan Palace was $ 475 range - because it had the 3% yearly cap on MF increases x 30 years .The family member had Dad do the free transfer.