Glossary entry (derived from question below)
English term or phrase:
stay 30 days reserved and 60 days walk in per year
English answer:
Reserve your 30-day per year stay period in advance and have another 60 days here and there without reserving...
Added to glossary by
Yvonne Gallagher
Jan 28, 2015 09:51
9 yrs ago
2 viewers *
English term
stay 30 days reserved and 60 days walk in per year
English
Marketing
Real Estate
I read a sentence in a property description: "Owners/guests have available to stay 30 days reserved and 60 days walk in per year".
The property is a condo for sale, which has been let by the owner to the hotel within the same building. After an investor buys the condo, the hotel will keep the lease contract going but allows the investor to use/occupy the condo for some days every year.
What does "stay 30 days reserved and 60 days walk in per year" exactly mean here (especially the phrase "walk in" in the sentence)?
Thank you for your help!
The property is a condo for sale, which has been let by the owner to the hotel within the same building. After an investor buys the condo, the hotel will keep the lease contract going but allows the investor to use/occupy the condo for some days every year.
What does "stay 30 days reserved and 60 days walk in per year" exactly mean here (especially the phrase "walk in" in the sentence)?
Thank you for your help!
Change log
Feb 2, 2015 12:06: Yvonne Gallagher Created KOG entry
Responses
57 mins
Selected
stay a 30 day per year period by reserving it in advance and another 60 days here and there...
I think writeaway puts it quite clearly in disc box.
It's a time share where the "owner" can spend a 30-day period in their "own" place but must pre-book this period.
The other 60 days are "walk in" i.e no need to book in advance but, as Tony has pointed out, this would probably be off-season and they might not get their "own" apartment on those occasions. The other thing about these 60 days would be that they would probably be individual days or a couple of days together but not long satys. So not 2 x30 for example but more likely 30 x 2 or 60 x 1 periods
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Note added at 1 hr (2015-01-28 10:53:44 GMT)
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type "stays"
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Note added at 1 hr (2015-01-28 10:54:14 GMT)
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argh! typO "stays"
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Note added at 5 days (2015-02-02 10:04:28 GMT) Post-grading
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Glad to have helped and thanks for clarfication re leaseback.
It's a time share where the "owner" can spend a 30-day period in their "own" place but must pre-book this period.
The other 60 days are "walk in" i.e no need to book in advance but, as Tony has pointed out, this would probably be off-season and they might not get their "own" apartment on those occasions. The other thing about these 60 days would be that they would probably be individual days or a couple of days together but not long satys. So not 2 x30 for example but more likely 30 x 2 or 60 x 1 periods
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Note added at 1 hr (2015-01-28 10:53:44 GMT)
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type "stays"
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Note added at 1 hr (2015-01-28 10:54:14 GMT)
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argh! typO "stays"
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Note added at 5 days (2015-02-02 10:04:28 GMT) Post-grading
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Glad to have helped and thanks for clarfication re leaseback.
4 KudoZ points awarded for this answer.
Comment: "Thank you for the answer, though this is not a time-share property, instead it's a leaseback one.
In the discussion box Tony really shed a light on it. 30 days by advance reservation, in this case the owner can certainly occupy the property at the reserved time; 60 days walk-in, in which case the owner may not surely occupy the property as the property might have already been occupied by the hotel's own guest, and the owner can use the property only when it has not been occupied by any other guest.
Thank you all for your contributions to this question."
3 mins
available without need for booking
Walk in means that the property is available without a need for booking.
This could be during the off-season. Whereas during peak season, it needs to be reserved.
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Note added at 9 mins (2015-01-28 10:01:10 GMT)
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The investor can stay for 30 days. This is reserved for him.
Other than these 30 days, he can come without reservation, totaling to 60 days in a year. These are over and above the 30. So, he has 90 days total.
This could be during the off-season. Whereas during peak season, it needs to be reserved.
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Note added at 9 mins (2015-01-28 10:01:10 GMT)
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The investor can stay for 30 days. This is reserved for him.
Other than these 30 days, he can come without reservation, totaling to 60 days in a year. These are over and above the 30. So, he has 90 days total.
Peer comment(s):
neutral |
writeaway
: stay 30 days reserved. you haven't really explained the whole thing. but it's been taken care of in the discussion box. /your explanation is wrong. the 30 days aren't reserved for the owner.
4 mins
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I think we have posted the details together :)
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4 days
entitled to stay 30 days a year on booking in advance and 60 days as random/walk-in guest per year
This is common for properties that are sold to the owner then the project developer rerent to use as hotel rooms or accommodation at the resort.
Then in this case, the buyer/property owner had the right to stay for a certain number of days per year by booking in advance, and some more walk-in days, of course all are for free.
Then in this case, the buyer/property owner had the right to stay for a certain number of days per year by booking in advance, and some more walk-in days, of course all are for free.
Note from asker:
Thank you. I think it would be perfect if you gave more specific explanation to "walk-in". sorry I can only chose one helpful answer |
Discussion
Maybe either ask the client or see from the context.
walk in: if available and not occupied/reserved by someone else on the walk in days, the investor can stay but only has second priority.