TIMESHARE GIANT

Would you like to rent your timeshare unit to help cover maintenance fees, until you are ready to sell or are able to use it again?

The first step in placing your timeshare for rent is to confirm a week to offer for rent. Each Resort/Club has different policies and procedures for confirming reservations, and many Fixed Week resorts have now established reservation procedures.

1. Make the reservation in your name – your renter’s name can be added to the reservation at the time they are located.
1. Confirm your week early- this will give you more booking choices, and plenty of time to advertise your rental.
2. Reserve a desirable week - Although off-season weeks can be desirable rentals, your goal should be to confirm the most popular dates available at your resort.
2. Ask the resort to send you a written confirmation of the reservation, even if you own a fixed week.

      a. The resort may also require you to furnish your renter with a copy of your confirmation upon check-in.

3. Understand the resort’s cancellation policies and fees.
4. Understand the resort’s policies and procedures regarding renting your timeshare to third parties.
1. The resort may require you to furnish your renter with a letter in writing from you to present upon check-in, authorizing them to use the reservation.

Building your Ad:

Here are some helpful tips to consider when describing your timeshare rental:
1. Are there any local special events happening during the time you reserved?
2. What is your unit’s maximum occupancy?
3. Describe your condo’s features and amenities, i.e., location on the property, view from condo, type of kitchen, air-conditioning,  number of televisions, internet, VCR/DVD player, fireplace?
4. Pricing – A good formula to establish a rental price should be 2 times the maintenance fee, or ½ the rack rate. Add more for holiday   and special event weeks.  Be flexible in your price; the vacation rental market can be competitive!

Did you know the rental of your timeshare week is a ‘mini’ real estate transaction?  There is now an escrow company that can assist you in consummating your rental transaction: Timeshare Title, Inc. Escrowing your rental is easy, inexpensive, and offers peace-of-mind.

Timeshare Title, Inc., can:

• Furnish the timeshare rental contract for both Owner and Renter to sign.
• Provide important disclosures and disclaimers for both Renter and Owner to sign.
• Draft the letter of permission for Owner to sign.
• Forward the Owner’s signed letter of permission to the Renter to present to the resort upon check-in.
• Safely and securely handle the disbursement of rental funds.

 

Click here to access Timeshare Title’s website.

If you do not intend to use an escrow company to consummate your rental transaction, we recommend that you review our page on Recognizing Scams & Fraud.  Although we believe people are generally honest and have good intentions, it is important to be mindful of fraudulent activity when working with online transactions of any kind.

After your timeshare is successfully rented, plan early and make your reservations for next year!

This information is provided as a guideline only, and does not constitute legal advice. Timeshare Title Inc., is not owned by Timeshare Giant.