Original Message:
Re: Re: Re: Re: Re: Re: My timeshare is paid in full, but I just don't want it anymore (by Jane B.):
JaneB….I have new information I am wondering if anyone has heard of this: I asked if my membership at Raintree Resorts, Club Regina was a deeded property or a RTU. This is what they showed me: Contract lasts until 2046. PERPETUAL Per contract, after reaching the aforementioned date, there’s one of two scenarios. Either the trust ends and the member will get a portion or the value of the property or the trust (obligation) continues another 50 years. Annual usage Access to RCI for life for free Can accelerate up to 1 time per yesr. Term of the contract is reduced one year per acceleration. Can borrow the points allotment from the next year at the current maintenance fee price. Next year will pay the difference of maintenance fee. Special assessments apply Access to all RVC properties and internal exchanges.
So, is the above a deed? Or RTU? They mention a Trust.
Still I would like to quit paying my MF and thought my Raintree vacation club property was a RTU. Can tell me more about the above “Perputual” contract?