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Re: How can I rent a timeshare? (by R P.):

John, shouldn't there also be some sort of contract written up between the renter and the rentee? Do you offer a rental contract that both parties sign?

If the renter does not care to use an escrow company he can download a rental contract from www.tstoday.com that includes instructions on how to proceed.

john1671 wrote:

This is a situation where you want to use an escrow company for holding the money. My timeshare closing company provides this service for rentals (as well as escrow for sales).

Our fee is a flat $69 and rent moneys are kept in an escrow account maintained by a local FDIC-iinsured bank. Our conduct with this escrow account is strictly dictated by New Jersey State laws and regulations.

Contact me if I can be of assistance:

Faeth Closing Services Inc. Attn: John Faeth 168 Gould Avenue North Caldwell, NJ 07006 973-699-4118

There is another company that has a deal with redweek.com and is listed on this site. I think they charge $100 for that service.

Thanks!

John

davida102 wrote:

I just contacted an owner about hiis week which I'm intersted in. The owner wants me to pay upfront for his time share week.

I have no problem to pay and the owner should be paid for my use of his week but, it feels uncomfortable to send a check to someone who I don't know. What if he will not keep his word?

What if he does not even own the week? He good vanish as soon as he cash my check....

Please advise how to deal with this situation because I would like to rent his week from him but will not want to cick myself if I lost over $1K.

Regards,