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Common Ownership Questions
Q: What is an exchange?
A: An Exchange is when you use your regular use time at another resort though an exchange company.
Q: Why do we pay Assessments & Reserve Fund? (aka Maintenance Fees, Homeowners Dues, Association Dues).
A: For Operations, Replacements (FF & E), Repairs (Carpet & Painting).
Q: What are Assessments?
A: Costs associated with the day-to-day operation of the resort & contribution to Reserves.
Q: What is the Reserve Fund?
A: The reserve fund is for replacement & Repairs.
Q: What is needed to change ownership of record at the resort?
A: We will need you to mail a “copy of the recorded grant deed” that was recorded with the El Dorado County Recorders Office in Placerville, California. Just a copy is needed of The Grant Deed and Legal Description please keep the original in a safe place. You will need to include a transfer fee of $75.00 payable to VRI and mail to:
- Vacation Resort International – VRI
- Attn: Inventory Control
- 23041 Avenida de la Carlota Suite 400
- Laguna Hills, Ca 92653
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2010
