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What does this Addendum mean? HGVC

Discussion in 'Buying, Selling & Renting Timeshares' started by hgvcowner88, Aug 7, 2019.

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  1. hgvcowner88

    hgvcowner88 TUG Member

    Joined:
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    Location:
    Bay Area, CA
    Resorts Owned:
    HGVC Elara
    Hi all,

    Quick question. I am entering into a resale contract for HGVC Tuscany Village EOY Odd and I received a copy of the deed with this addendum. The estoppel shows 7000 points EOY and looks how it's supposed to look. However, I wanted to check on this addendum and if this is what it's supposed to say. I don't want a week in a 2 bedroom suite every other year at HGVC Tuscany Village. I just want the points. But the way this is worded since it says "shall be required to make a reservation for a Suite", does that mean it has to be at Tuscany Village and in a suite? I don't know much about developer's contracts but that looks like what this would be. To me anyway.

    So will this be points or will this be a week I have to take at Tuscany Village EOY?
     

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  2. PigsDad

    PigsDad TUG Member

    Joined:
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    Location:
    Northern Colorado
    Resorts Owned:
    HGVC Elite: SeaWorld, Surf Club, Charter Club, Valdoro
    With HGVC, you do not buy points, you buy a week. Then, as an owner, you automatically become a member of HGVC and with that membership every week is worth X number of points. I think this is just the legal description of what you are buying (a week).

    Personally, I wouldn't worry about it.

    Kurt
     

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