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Re: How can I rent a timeshare? (by Philip J.):
Dear David:
I had a question for you regarding my liability as the owner of the timeshare, for any damage caused by the renter. I am planning to rent out a week at the Marriot Grand Ocean Resort in Hilton Head, and I own the week at this resort (this year the week starts on 6/22/07). Since I will not personally know the renter of the unit, I want to make sure that I do not incurr any financial liability from Marriott. For example, they will charge a $250 fee if anyone in the unit smokes, and there are additional penalties for bring pets, damaging the furniture, etc. Do you require that the renter give you a refundable security deposit before they take possession of the unit. If I use an escrow company, do they insure that I will have no liability?
Thanks very much for your help.
Phil