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Updated "Starwood Vacation Ownership" Advice Article

wingkng

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WKORVN is mandatory

deniselew said:
My DH found this on page 533 of our 2003 WKORV Owner's Handbook:

"If the SVN member no longer owns a Club Resort Vacation Ownership Interest, the person no longer will be an SVN Member and the new owner of that Club Resort Vacation Ownership Interest automatically will become the SVN Member."

I have recently purchased at WKORVN, and because I had question about the mandatory issue after the purchase, I went and looked at the Owner's Handbook. From review of it, the WKORVN does indeed have the very same phrase about SVN Membership. So, my conclusion is that WKORVN is mandatory.
 

DavidnRobin

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WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
I also read thru the most pertainent parts of the 500+ pages of the Owner docs - and WKORV-N is mandatory. The 'SVN Club' is transferred to the buyer upon purchase.

The question remains - what about WPORV (Princeville)? It appears to be voluntary - which the other denise (lew) says that this may be in violation of Hawaiian TS regulations. However, I am sure the lawyers at SVO have looked into this, and if WPORV is Voluntary - then I would assume that this has been covered.

I would like to see the SVN advice article better describe mandatory and voluntary SVN resorts.

As I understand it for SVN exchanges (please correct if wrong):
For Mandatory resorts - both buyer from SVO (Developer) and resale have access to SVN ('SVN Club'), and are required to pay the SVN fee (~$100 for the 1st, ~$30 for the second, and 3+ at no additional charge) - and cannot opt-out.

For Voluntary resorts - the buyer from SVO can pay the SVN fee to get into SVN ('SVN Club') for SVN exchanges if they choose to. However, this priviledge cannot be transferred to a resale buyer. Meaning, a resale buyer of a Voluntary resort cannot use SVN for exchanges.
 
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Denise L

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blujahz said:
The question remains - what about WPORV (Princeville)? It appears to be voluntary - which the other denise (lew) says that this may be in violation of Hawaiian TS regulations. However, I am sure the lawyers at SVO have looked into this, and if WPORV is Voluntary - then I would assume that this has been covered.

I have heard that WPORV is voluntary, and the text from the purchase agreement posted earlier clearly indicates this. So perhaps Starwood and the Hawaii DRE have agreed that this will be the case. I have only heard that the state of Hawaii does not allow the internal exchange privileges to be separated from the deed, but I have no written proof of this. Still digging.

In the meantime, I guess we assume it is voluntary until we hear otherwise. I can't imagine it would be good for sales. Are they truly selling this property today? Has anyone bought it?
 
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