My renter cancelled out, now what do I do?

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Original Message:

Re: My renter cancelled out, now what do I do? (by Mike N.):

jayjay wrote:
You should have written up a rental agreement signed by both the owner (you) and the renter before confirming the unit in their name.

There's a sample rental agreement in the Buying, Renting and Selling forum, but you can word it to your liking.

Let this be a lesson to you to have a rental agreement in place for your future rentals.

BTW, why would RCI charge you $75 to bank your week with them. I've never heard of that.

------- jayjay, I'm assuming the previous post had an RCI weeks resort to rent. If they also had a points resort, they can convert their weeks unit to points and deposit their additional points in their account. RCI charges a fee for that transaction, but I didn't think it was as high as $75. On top of that if you convert your weeks unit into points and it is less than 90 days before your usage date, you only get a percentage of the points.