Post reply
Original Message:
Re: Against RCI/II Rules to Rent out Exchanges (by Kenneth K.):
Renting to someone you do know can cause a problem. Mainly for the renter. The rules are easy, you can't rent a week you obtained from an exchange through II or RCI.
You can get a gift certificate, you can charge the person a few certain fees (which Jayjay mentioned in another post & I can't remember) ....which is not anywhere near what the fair rental should be, but you can't rent it.
You can let a guest, family member or stranger stay in the unit with your guest certificate....and the same happens as REDWEEK you are responsible.
Here is something that was posted on another site.....I have no idea of its validity, but according to where it happened, I could easily see it being close to the facts. (Some resorts are run by a hateful group)
"Hi...we would like you to get a free breakfast and help us with a survey." Could you make it on Monday AM?" Renters in unit replied negatively, and of course an attempt was made for other things to get the family to attend a T/S sales presentation.
" No we rented for less than your maintance fees" . Must have irked the salesman. Must have asked what the week was rented for. Checked owner of the week. Called RCI and told them the owners rented the week. They had to find another place to stay for the rest of their week (this was Orlando). Owner lost banked weeks and was (temporary) removed from RCI membership. I would not put it past II to do the same. ( They would and could)
So, if you somehow get more $$ from the family using your unit with a gift certificate than you are supposed to, MAKE SURE THEY KNOW YOU GAVE THEM THE WEEK AS A GIFT. Tell them not to tell anyone they paid a rental fee.
I think what is allowed is the gift certif fee and any exchange fees. But I'm not sure if both RCI or II have exactly the same policy.
Just remember, when you give in your owned week, you have lost your ownership rights. Those weeks back are under the control of RCI or II....not you. ( And I don't know why, except for possible damages).
(Damages could include a lawsuit against the owners of a week who rented and the teenaged girls set off the fire alarms to watch all the old people try to exit the 19 story beachfront T/S tower. Yes..it happened.)
Do you wonder why some HOAs would rather not allow renting?