Renting can be a win-win situation. Unit owners can recoup their costs for weeks that they were unable to use. Some renters seek to stretch their vacation dollar by finding a great timeshare rental deal and some renters recognize a better value for their money at a timeshare resort. The internet has made it easy to coordinate timeshare rentals, and it has boomed.
There are a number of sources for timeshare rentals. New resorts may offer units at a competitive rental rate to entice prospective owners. The competitive price may require attendance at a sales presentation. Resorts may rent their abandoned or foreclosed units. Exchange companies offer unused inventory. Owners who cannot use their weeks often rent their units.
Timeshare rentals can be found on sites such as redweek.com and craigslist.org. Finding a timeshare rental is the easy part, avoiding scams and understanding the process is the hard part. Requirements to pay the full fee up front should be met with skepticism. Some rental agreements may require a full payment up front, most do not. Always use an escrow service when possible.
Understand all of the fees involved.
A written consent form should be provided to the renter. The consent form should name the renter and it should explicitly authorize the renter to use the unit for the agreed upon times. The renter should be aware of check in/out times. The renter should also review resort policies.
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