zendala
newbie
According to the Starwood Vacation Exchange Company Disclosure Guide . . .
I was following this thread and up to this point agreed with the determination that renting an SVN exchange is OK, but then I found this ...
and
I am not sure that it is "not against the rules" to rent out an SVN exchange. According to the Starwood Vacation Exchange Company Disclosure Guide (I received when applied to join SVN for my SBP unit).
Section 8.2 SVN Member Rentals. An SVN Member may reserve a Vacation Period at the SVN Member’s Home Resort and rent it on the SVN Member's own account. All renters must comply with the rules and regulations of the Resort Documents affecting occupancy, and the renting SVN Member will be responsible for the acts or omissions of the SVN Member's renters or any other person or persons permitted by the SVN Member to use the Unit. Rental by an SVN Member of Units reserved through SVN (other than a Vacation Period reserved at the SVN Member’s Home Resort) is prohibited.
I would take that to mean that if you own at VV, you may rent out a unit at VV, your home resort - not reserve through SVN a unit at Harborside and rent at Harborside.
This seems to make sense and protects the rights of those who have paid for a more expensive unit, that only they should be entitled to reap the benefit of a higher rental value when reserving their Weeks or Options.
Of course a rule is only as good as its enforcement! And Starwood doesn't seem to be...
Do all owners get this same document?
mjs said:It may not be fair, but it is not against the rules to rent out SVN exchanges. I would say about 1/2 of the rental son redweek/myresortnetwork for Harborside are exhanges that have already been made, or that they will try to get for you.
Mark
I was following this thread and up to this point agreed with the determination that renting an SVN exchange is OK, but then I found this ...
and
I am not sure that it is "not against the rules" to rent out an SVN exchange. According to the Starwood Vacation Exchange Company Disclosure Guide (I received when applied to join SVN for my SBP unit).
Section 8.2 SVN Member Rentals. An SVN Member may reserve a Vacation Period at the SVN Member’s Home Resort and rent it on the SVN Member's own account. All renters must comply with the rules and regulations of the Resort Documents affecting occupancy, and the renting SVN Member will be responsible for the acts or omissions of the SVN Member's renters or any other person or persons permitted by the SVN Member to use the Unit. Rental by an SVN Member of Units reserved through SVN (other than a Vacation Period reserved at the SVN Member’s Home Resort) is prohibited.
I would take that to mean that if you own at VV, you may rent out a unit at VV, your home resort - not reserve through SVN a unit at Harborside and rent at Harborside.
This seems to make sense and protects the rights of those who have paid for a more expensive unit, that only they should be entitled to reap the benefit of a higher rental value when reserving their Weeks or Options.
Of course a rule is only as good as its enforcement! And Starwood doesn't seem to be...
Do all owners get this same document?