Original Message:
Re: Diamond Resorts - Royal Palm Update (by DIamond R.):
Attention all Royal Palm Owners. Don't give up your units, stand tight as a new legal development has been uncovered! Documents recently uncovered explicitly provided that when 50% of the inventory was sold, control of Royal Palm went to the leaseholders. An investigation into the matter has uncovered that the 50% figure was reached in the late 1990's. The legal documents uncovered are quite clear about the rights of the leaseholders. All leaseholders (not Points owners) are covered by this document as its provisions are in the lease contract by reference. The document restricts expenditures over $25,000 without the permission of the leaseholders unless part of a previosuly adopted budget. The budget must be approved by the leaseholders.
2011 is shaping up to be an interesting year - so don't give up hope.