The Cove at Yarmouth offers its timeshare owners many vacation options. In order to take full advantage of the week(s) you own, you need to understand how you can use it to your best advantage.
Each Owner has an account number which coincides with the unit and week purchased as reflected on your Ownership Deed. Your account number will be prefixed by the letter of the season you own. The letter on the end of your account # indicates what year(s) you have usage. (i.e. A=Every Year, E=Even Years, O=Odd Years)
For Example:
Account F24020O
Would mean:
F means Prime Float
240 would be the Unit #
20 would be the Week #
O odd year owner
Account H32646A
Would mean:
H means Holiday Float
326 would be the Unit #
46 would be the Week #
A would mean that these
owners come every year
Account X12332E
Would mean:
X mean Fixed
123 would be the Unit #
32 would be the Week #
E even year owner
WE URGE YOU TO REQUEST EARLY!
YOU CAN REQUEST RESERVATIONS BE MADE TWO (2) YEARS, TO THE DAY, IN ADVANCE
The owner can give (3) choices of weeks, along with the room type and location preference. Please keep in mind that our check in days are either Friday to Friday or Sunday to Sunday.Fixed owners have the same unit and week each year. No reservation requests are needed for Fixed owners.Holiday Float season runs from week 1 through 13, and again in weeks 45 through 52 during the calendar year. Prime Float season runs from week 14 through 23 and again in weeks 36 through 44. You CAN ONLY REQUEST WEEKS IN YOUR SEASON and reservations will only be made with the correct requested weeks. So while making your reservations in writing, make sure the week you are requesting is in your season.
If you plan to stay at The Cove at Yarmouth, that’s all there is to do; don’t forget to mark your calendar!
Exchange (deposit)
BUT I DON’T WANT TO STAY AT THE COVE…
I WANT TO EXCHANGE (DEPOSIT) AND GO SOMEWHERE ELSE… ONCE YOU HAVE MADE YOUR RESERVATION AT THE COVE, you may decide to Deposit (or Exchange) your week with an Exchange Company (RCI or II). That means you are going to exchange your week here at the Cove for one at a different resort or for a different season at the Cove.Please remember , BEFORE YOU DEPOSIT YOUR WEEK WITH AN EXCHANGE COMPANY, YOUR MAINTENANCE FEES FOR THE YEAR YOU ARE DEPOSITING MUST BE PAID. You can always prepay your maintenance fees either over the phone or on line.In order to Deposit (or Exchange) your week, you must have the Reservation Number, Arrival Date and Unit Number. Your membership with the exchange company must be up to date, and membership must be paid in full. Once your week has been deposited with the exchange company, you will have two years to the date to use it. For example, if you deposit 11/20/06, you have until 11/20/08 to travel against that week deposit. Travel has to be completed by 11/20/08. When exchanging with either exchange company, there will be an exchange fee whenever an exchange is confirmed.
If Depositing (or Exchanging) your week with your exchange company is what you decide to do , DO NOT HESITATE , THE EARLIER YOU MAKE YOUR RESERVATION AT THE COVE AND DEPOSIT IT WITH THE EXCHANGE COMPANY, THE BETTER YOUR CHANCES ARE THAT YOU WILL BE ABLE TO GO ON THE TRIP OF YOUR CHOICE!!
If you wait till the end of the year to make that year’s reservation, and then deposit your week with the exchange company that will be considered a Late Deposit (anything after 60 days prior to the arrival date of your reservation). That would mean that you cannot request your exchange company to make any reservations for you prior to sixty days of an arrival at another resort.
BOTTOM LINE , RESERVE YOUR WEEK EARLY AT THE COVE AND DEPOSIT EARLY WITH YOUR EXCHANGE COMPANY.
Renting out your week
YOU WANT TO RENT OUT YOUR WEEK AT THE COVE!
This is an option for owners who may not be able to travel in any given year and do not wish to put their week up for exchange. The Cove has a program that allows owners to rent their use weeks out to the general public, or other timeshare owners on a nightly basis. The resort staff and VRI will make every attempt to rent out your unit, but there is no guarantee that all nights, or any, will be rented out. If you wish to rent out your unit, we must have your social security number and a signed rental agreement on file. If we do rent your unit, please keep in mind that some commissions and fees will be deducted from your GROSS rents to cover the costs incurred by the resort and VRI in renting your unit. Income from your rental will be reported to the IRS by VRI at the end of the year, in compliance with current law.
Types of Ownership
The Cove at Yarmouth has two types of Vacation Ownership:Fixed and Float.
Following is a description of both:
Fixed Ownership: (Prime and Holiday) This Ownership is during the summer months and runs from week 24 through 35. Fixed owners own the same unit and week each year.
Float Ownership: (Prime and Holiday) Prime Float: This ownership runs from weeks 14 through 23 in the Spring and 36 through 44 in the Fall.
Prime Float Owners must submit a Reservation Request in writing via mail, internet, or fax, to reserve an Owner Use Week (Based on availability) within the Prime Float season. Holiday Float: This ownership runs from weeks 1 through 13 in the beginning of the year and 45 through 52 at the end of the year. Holiday Float Owners must submit a Reservation Request in writing via mail, internet, or fax, to reserve an Owner Use Week (Based on availability) within the Holiday Float season
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