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Re: Redweek deposit question? (by stanleyf5):
joanf53 wrote:Unless your purchase contract limits you to II as the exchange company, if your unit is a floating week, make a reservation at your resort, pay all maintenance fees etc. through the week you reserve and then list it on redweek.If I understand this: I have to make a reservation IN MY NAME and then list it at Redweek? It seems that the reservation will still be in my name and I would be responsible for that week (like a rental) if the renters damaged the unit. I thought that I could just tell the resort that I want to relinquish my week and deposit it with Redweek, then I would not have the libility of the unit for that week. Is that how it works with Redweek?
Joan
Not the way it works. An owner is always responsible for damage for the week he/she reserves a unit whether a guest occupies the unit or the owner occupies the unit. Your rental agreement should spell out that the guest is responsible for damage during the week they occupy the unit. However, if the guest damages the unit, and somehow escapes paying for the damage, your recourse will be to sue the guest. If you rent the unit or Redweek exchanges the the unit which you placed into the Redweek Exchange, you in most cases will have to obtain a guest certificate under the rules your resort or developer management put into your contract. Hope this helps. Stan