Lock Offs

[wyannuzzi]

I am considering buying a Grande Vista EOY 2 bedroom lock off unit and don't fully understand how the lock off works. Is there any documentation on TUG on this (and yes I did search)? Some of the questions I have are:

1) If I reserve the 2 bedroom and then deposit it in II does II create 2 deposits, a studio and a 1 bedroom, does it deposit as a 2 bedroom or is that something I choose when depositing?

2) If I deposit it as a 1 bedroom and a studio, is it possible to trade up either to a 2 bedroom?

I am sure there are other questions I should also be asking, but that is all I can think of now. Hoping there is documentation on TUG that would cover those and any other questions I may have.


Also, this unit is a member of the Florida Club, does this have any affect on using II?

 

[KarenP]

Others more knowledgeable will probably respond, but until then here is my understanding:

1) If I reserve the 2 bedroom and then deposit it in II does II create 2 deposits, a studio and a 1 bedroom, does it deposit as a 2 bedroom or is that something I choose when depositing? I believe you have Marriott do the lockoff for a fee.

2) If I deposit it as a 1 bedroom and a studio, is it possible to trade up either to a 2 bedroom? Absolutely! But I think only doing an online search.


Also, this unit is a member of the Florida Club, does this have any affect on using II?] No, only if you are trading with Marriott and not depositing your unit with II. Then you just ask for a unit in one of the other members of the Florida club six months out or more.

 

[MuranoJo]

I am considering buying a Grande Vista EOY 2 bedroom lock off unit and don't fully understand how the lock off works. Is there any documentation on TUG on this (and yes I did search)? Some of the questions I have are:

1) If I reserve the 2 bedroom and then deposit it in II does II create 2 deposits, a studio and a 1 bedroom, does it deposit as a 2 bedroom or is that something I choose when depositing?

2) If I deposit it as a 1 bedroom and a studio, is it possible to trade up either to a 2 bedroom?

I am sure there are other questions I should also be asking, but that is all I can think of now. Hoping there is documentation on TUG that would cover those and any other questions I may have.


Also, this unit is a member of the Florida Club, does this have any affect on using II?

1) You normally request your resort to 'split' the 2 bd into a 1 bd and a studio and deposit them separately.
2) With II, I don't use them but believe I heard they usually exchange 'like for like', so you may not be able to trade up. With RCI, it all depends on the Trading Power Units (TPU) you are given for each deposit. Even if neither deposit has enough TPUs for a 2bd, you could pay $99 to combine them.
You may very well be able to get a 2bd with a studio, as RCI does not require 'like for like' exchanges--it all depends on the TPU required for the exchange.