Qa:i need more information about the following statement: "Deeded - Unit 555. Expires January 1, 2026. This deed expires due to an escape clause." does this deed END on 1/1/2026 or is this a option to end???
A:
This is designed to protect owners from having to pay Maintenance Fees when the resort could be destroyed or not worth keeping open any longer. Essentially, the escape clause is a benefit to owners. Should you decide to continue ownership, an extension of 10-30 years can be expected.
May 15, 2008
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