New Contract Question

[2JsMom]

We just got our first statement for annual dues and property taxes...they are pro-rated since we have a new contract, but I don't understand how they calculated the numbers of days...do annual dues go January 1 to December 31? In our case, our closing date, I think, was April 1...they are charging us for 335 days...so only giving us credit for 30 days of the year...that makes it look like the year runs March 1 to February 28 :shrug:
DH left a voicemail message for our salesguy yesterday, but we haven't heard back, so I bet him that I'd be able to get the answer here!

[BigThunder]

I'm honestly of no help on this topic. At least your LOOKING at your paperwork. I just get mine in & file it away & trust whatever they say I owe. It's such a pain trying to deal with office people. I hope you get it worked out or that they can explain it to you. I bet someone who doesn't file away unopened letters will come along & be able to help you!

[Slowhand]

You are correct in that the annual dues are paid on a calender year basis, irrespective of when your use year starts. i.e. although our use year is from September, the annual dues bill is sent to us around December and caters for the year from January to December.
It does seem odd that it appears that you have been billed for 335 days, seeing as how you became a member in April. This is something you will have to take up with the DVC for the definative answer.

[2JsMom]

Thanks, Slow...we'll have to keep calling Hassan until we get an answer!

[dcfromva]

We just got our first statement for annual dues and property taxes...they are pro-rated since we have a new contract, but I don't understand how they calculated the numbers of days...do annual dues go January 1 to December 31? In our case, our closing date, I think, was April 1...they are charging us for 335 days...so only giving us credit for 30 days of the year...that makes it look like the year runs March 1 to February 28 :shrug:
DH left a voicemail message for our salesguy yesterday, but we haven't heard back, so I bet him that I'd be able to get the answer here!
2J'sMom,
Typically, your dues start on the day you call your guide to make the purchase and not when you close. (There are some exceptions to this) Would that match up to your 335 days?

You are correct, the annual cycle is calendar year.

-DC :ears:

[2JsMom]

2J'sMom,
Typically, your dues start on the day you call your guide to make the purchase and not when you close. (There are some exceptions to this) Would that match up to your 335 days?

You are correct, the annual cycle is calendar year.

-DC :ears:
Yes...we had 10 days from the day we visited to get the deal that was quoted...DH visited Saratoga Springs on 1/21/06...so we would have told them we wanted to make the purchase by the end of January, so that would leave 335 days in this year!
Not really sure that I agree with this logic...but that would explain it!
Thanks, DC!

[dcfromva]

Not really sure that I agree with this logic...but that would explain it!
Thanks, DC!
2J'sMom,
I know what you mean. :wink:

But, if you think about it in another way, you get to use a full set of points, but you only have to pay 92% of the maint. fees on the first year! (In the case of a resale-the terms vary according to what the two parties agree, but I have heard that it would not be unusal to pay full maint fees on remaining current UY points as well as any banked points....)

Within a day or two of making the call to buy the points, you get to use the services of member services and you have the ability to make future reservations even before closing your closing date, so maybe that is part of the logic, too. :shrug:


-DC :ears: