Lockout/Lock-off Timeshare Unit
Quick Tip:
While full timeshare units may have a full kitchen and laundry facilities, the lock-off portion will likely look more like a hotel room - with one room, a bathroom, and possibly a small kitchenette.
Some timeshare condominium units are referred to as "lock-offs." A lock-off, sometimes called a lockout, is a unit that can be divided into two separate sections. The owner of a lock-off has several options when it comes to renting out the unit.
He or she may choose to:
- Rent the entire unit to one party
- Stay in one half of the unit and rent out the other half
- Rent out both halves to different parties
Before renting any timeshare resort unit, make sure to ask whether you are getting a lock-off, and confirm the unit size and amenities in writing.
An Escrow Agreement is the most secure way to do this.
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