Bjaiken77
DIS Veteran
- Joined
- Feb 19, 2021
I’m hoping for someone smarter than me to answer this question. The Palmetto group ownership trust got me thinking about this issue.
We all know DVC contracts have an expiration date. But how does that happen to a deeded real estate transaction? In other words, if I own a light switch in a room, how do I forfeit that after 50 years? That doesn’t seem like a real estate transaction - that seems like a long term rental agreement.
Putting points in a trust and assigning user percentages makes more sense in terms of a start and end date. You can say the trust dissolves in 50 years. But, again, how do I “own” real estate at Grand Floridian and the lose it after a fixed period of time? I never thought about it until now.
We all know DVC contracts have an expiration date. But how does that happen to a deeded real estate transaction? In other words, if I own a light switch in a room, how do I forfeit that after 50 years? That doesn’t seem like a real estate transaction - that seems like a long term rental agreement.
Putting points in a trust and assigning user percentages makes more sense in terms of a start and end date. You can say the trust dissolves in 50 years. But, again, how do I “own” real estate at Grand Floridian and the lose it after a fixed period of time? I never thought about it until now.