There is an undeniably large demand for renting timeshare. Whether it is owners looking to get the most out of their unwanted timeshare before they sell it on, owners wanting to rent extra weeks each year without having maintenance fees to pay every single year, or simply those looking to try before they buy. Bonus weeks can sometimes become available to owners, but they are often charged at a high premium or get snapped up too quickly to be relied upon.
Renting timeshare is a fantastic solution for those looking to recoup the cost of their maintenance fees if they have been unable to use their timeshare, or for those looking for a no-risk way to experience the timeshare resort at which they are looking to purchase a week or two. It means that owners can receive a rental income, and potential owners get a real inside look at their desired home resort rather than relying solely on advertising and reviews.
The system we have in place for renting timeshare could not be simpler. Our in-house legal team handle the agreements between owner and renter, assist in obtaining the guest booking from the resort, and all monies are placed safely in an independent solicitor’s hands for the duration – this means that both parties are protected financially.
Stock is Clear to Rent
We establish the ownership and availability of the property, we issue legal rental contracts to both the rentor and owner. Should the rental not be available, we will try to find alternative stock.
Your Legal Protection
A cooling off period of 15 days and legal contracts applies to all rentals under the code of practice of the RDO (Resort Development Organisation), of which Travel & Leisure Group are members. Thus ensuring you have full legal protection. When the cooling of period expires the full rental monies become due. These are held in and independent client account until completion.
Obtaining the Rental Booking
The property owner is required to contact the resort or developer to secure the booking on behalf of the rentor for the required dates. The resort or developer will issue the owner with either a guest certificate or rental booking confirmation. This must be confirmed to the owner in writing or by email.
Please note that some resorts may request a fee to secure the rental booking. The fee if applicable will be explained and included in the rentors fees. The fee to secure the booking for the rental will be refunded back to the owner as part of the agreed rental price.
Rental Booking Confirmation
When the rental booking (sometimes referred to as the guest certificate) has been made with the resort or developer by the owner; the owner is required to forward such confirmation to our Legal Department to further confirm the booking dates and names are correct. It will then be forwarded to the rentor as confirmation of their rental. The rentor is additionally required to confirm that the dates and names in the booking confirmation are correct.
Rental Confirmation and Payment to Owner
Upon occupancy of the rental property as per contract, we activate the independent client account and release the agreed rental sum to the owner.
If you’re looking to put your timeshare up for rent, please complete a contact form. Our Resort Specialists will be in touch to help you get the most out of our renting timeshare services.
Are you listed with us to sell timeshare but not yet registered for rent? Don’t miss out, you too can benefit from the extra income of renting timeshare and improve your chances to sell. Don’t hesitate and fill in the enquiry form and we will be in touch as soon as possible.