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Guaranteed Week ownership deed

Written by Wil Lovato on . Posted in Villas at Grand Floridian


The first Guaranteed Week deed for the VIllas at Disney's Grand Floridian Resort & Spa has been recorded by the Orange County Comptroller's office.  

On June 6, the first fixed week deed was recorded in the Orange County (Florida) property records.  The deed appears to mirror the standard Disney Vacation Club filings, with the following new language added:

THE OWNERSHIP INTEREST INCLUDES THE FOLLOWING FIXED USE RIGHT:

Beginning January 1, 2014 (the 'First Fixed Use Date'), the right (the Fixed Use Right) to have a STUDIO STANDARD View Vacation Home Type automatically reserved for use during Week # 20 (the 'Owner's Fixed Use Period') using all of the Home Resort Vacation Points allotted for the applicable Use Year.

The deed reflects an ownership of 168 Vacation Points and a Use Year of April 2013.  The buyer will receive points for the 2013 Use Year.  Those points must be used or banked by March 31, 2014.  

The owner's first Fixed Week usage period will begin on May 18, 2014.  

The 168 points represents a 0.1793% interest in Unit 01A at the Grand Floridian.  Unit 01A--which has four Two Bedroom vacation homes--represents approximately  93,698 Vacation Points or 23,424 points per villa.  The 94 Two Bedroom villas alone will account for about 2,201,900 points.

Total values of the six Grand Villa Units are still unknown.  

Additional details regarding the Guaranteed Weeks purchase are available in previous coverage at DVCNews.com.

Reader Comments
Re: Guaranteed Week ownership deed -- CarolMN
Friday, 07 June 2013 15:38
Thanks for the info - it's interesting.

I can't figure out why someone would want week #20 as a fixed week, though. I can't imagine being shut out for anytime in May at the VGF if one books at 11 months. Seems expensive to pay so much extra to have the guaranteed option for that time of the year.
Re: Guaranteed Week ownership deed -- wdrl
Friday, 07 June 2013 21:26
Some might think its expensive, but only costs an additional 15 points to purchase Week # 20. Over the life of the 50 year lease, the cost averages out to an additional 0.3 points per year. And if the Owner never exercises the Fixed Week, then the 168 point deed is exactly the same as a 168 point traditional points deed at VGF, meaning the owner does not incur any additional costs (although you could then wonder why buy the Fixed Week in the first place).
Re: Guaranteed Week ownership deed -- tomandrobin
Saturday, 08 June 2013 01:10
Too funny....I was there when that week was sold. The couple was in the room next to us and my DVC Guide was their Guide too.

When we heard they were buying that fixed week, in May......I had to ask why. I expected peak times, like holidays to see fixed weeks, but not a week in May.

The couple vacation that week and wanted to guarantee the week in the future. With the resort being so small and guessing demand would be high.
Re: Guaranteed Week ownership deed -- wdrl
Saturday, 08 June 2013 01:32
tomandrobin wrote:
Too funny....I was there when that week was sold. The couple was in the room next to us and my DVC Guide was their Guide too.

When we heard they were buying that fixed week, in May......I had to ask why. I expected peak times, like holidays to see fixed weeks, but not a week in May.

The couple vacation that week and wanted to guarantee the week in the future. With the resort being so small and guessing demand would be high.

With hundreds of thousands of members, there are probably hundreds of thousands of reasons and times of the years that we vacation. As a big Star Wars fan, Week # 20 would work out well for me. In fact, I'd rather do that time of year than Christmas or New Year's. But, to each his own.
Re: Guaranteed Week ownership deed -- scolling007
Monday, 10 June 2013 17:52
if it really only is an extra 15 point to do it, and I knew we went on vacation the same time every year, then I think that it makes perfect sense.

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