Q.
Tell me more of this "excape clause" for phase 1 units. How does that work. Will they be replacing the townhouses with multi-story units then? What happens to the owners in phase 1? I have stayed in the townhomes before on an II getaway and liked them very much. Let me know.
A.
An escape clause is usually found in coastal areas and was started as protection for the owners in case of natural disasters. At the time of the expiration there will be a vote to decide whether to continue the resort as a timeshare resort. If so you can expect them to extend it 10-30 years. It will not change what you own and it will not change the units.
Thank you for your interest,
Jennifer Sluppick
February 25, 2009
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