Celebrity Resorts Vacation Club

Key facts from Celebrity Resorts Vacation Club's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Vacation Club (points-based timeshare) (Recital B; Article 1 definitions of Club)

Developer / declarant

Celebrity Resorts Vacation Club, LLC, a Florida limited liability company (Page 7, first paragraph after title; Art)

Governing law

Not explicitly stated; Association is Florida non-profit; property is in Colorado (Declaration does not cite a specific sta)

Assessments & dues

Standard Assessment levied annually by Association; consists of Base Standard Assessment and either Points Standard Assessment or Component Site Standard Assessment; set by Board (Section 11.4; definition of Standard Ass)

Special assessments

Allowed; levied by Association upon Club Owners as provided in Section 11.7 (Section 11.7 (page 37 referenced); defin)

Collections & liens

Association has security interest for unpaid assessments; enforcement in Article 12 (Section 11.1 (creation of security inter)

Reserves & fees

Allowed; Section 11.13 references Default Interest Rate; Late Fee (Section 11.13 (page 39 referenced))

Leasing & rentals

Not explicitly addressed in excerpt; occupancy rights can be transferred according to Vacation Club Instruments (Not directly visible; possible in Regula)

Maintenance

Not explicitly stated; likely part of Club Accommodation maintenance by Association (Not visible)

Insurance

Association required to maintain insurance (Article 17) (Article 17, Section 17.1 (page 50 refere)

Use restrictions

Use limited to vacation purposes; no permanent residence implied (Article 6 (Use and Occupancy Rights); Us)

Voting & meetings

Voting is on a non-cumulative basis; defined in Bylaws; each Member has voting power based on Club Ownership (Article 1 definition of Voting Power; Se)

Amendments

Article 21 (Section 21.3) provides for amendment; details not fully visible (Article 21 (page 54-55))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.