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

Hi Philip, I'm not Jennie but I can try to answer your question regarding responsibility of any damage done to your unit by a renter.

First and foremost you must have an agreement in place signed by both the owner (you) and the renter which includes a clause pertaining to any damage done to the unit by the renter and their responsibility for such.

There's a sample rental agreement in this forum that you can use (or you can reword any way you wish). A signed agreement is a must to protect yourself (the owner).

Ultimately the responsibility for any damage rests with the owner, but with an agreement signed by both the owner and the renter you do have some legal leverage to charge the renter for any damage that may occur.

philipj18 wrote:

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