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Original Message:
Re: COVID-19 Related Cancellations (by Den):
One approach for our beach timeshare rental - I have a renter who accepted the "moderate" cancellation policy under the Redweek lease which gives them the option to terminate the agreement with notice 60 days out and forfeit 50% of the rent. The rental is about 105 days out.
I reached out to the renter and we had a call. We both expect the resort to be back to normal by the July check-in date. However, I offered to allow cancellation of the rental agreement with just over 90 days notice and full refund of the rent (rather than 60 day notice). The renter has an out and I feel good about the compromise. We are in communication.
Should the renter cancel, I will then determine what to do with a longer 90 day period for rental, Interval deposit, or possible use by our family.
I expect Redweek will enable the refund and allow continuation of the original listing.
We will see what happens.