Original Message:
Re: Can the timeshare company rent on the hotel market to non-owners? (by Patrick W.):
So you left a few open gaps in this. First is let’s say you bought a deeded week 10 in unit 1234a. You own that week. If you are current on your fees, you are supposed to be guaranteed that time and unit you purchased. Now if you want to go week 12 in unit 9876 you have no contractual rights to use that week or unit and are subject to availability. Any unsold units or time are available to exchange for the developer. Doesn’t matter if it’s a hotel chain or a timeshare company. It’s their time and units they own.
Now let’s say you’re in a trust and use points. The vacation club is no different than another exchange company. You gave up your guaranteed use period to the club in exchange for points to use in a different time or unit. Let say unit 1234 has sold weeks 1-36. Those 36 weeks are available with your points from the exchange. But the developer still owns weeks 37-52. Those weeks are not in the exchange so you can’t get them. Just as you exchanged your time to the club, the developer can exchange their owed time to a hotel or other exchange company, or multiple different companies.
When all is said and done. Someone owns all 52 weeks. Just because you bought one week it doesn’t give you entitlement to all 52 weeks. You’re only entitled to what you bought and can only use what was put into the vacation exchange. Not all weeks are exchanged into the club you belong to.