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Re: Chronological procedures in renting a TS? (by stanleyf5):

kimyn2 wrote:

Thanks to Jayjay and Stanley for your quick response. However, I still don't know when would be an appropriate time to pay. Stanley, you mentioned "Decide the total rental cost plus escrow fee you want to pay for the place you want to go, and make the offer." Do you mean that for example if I want to pay $750 for a week of vacation + $100 for escrow company, should I offer $750 or $850?. Thanks again.

Hi. If you want to spend a total of $850, and an escrow company will charge $100, then offer $750 for the rental fee. I suggest wording in the contract that says that if one of the parties does not fulfill their obligation and a suit or arbitration proceeding results, that the losing party pays all costs of the suit or arbitration. A question I would pose to the escrow company, is if for some reason the other party fails in their obligation, will the escrow company refund your money withing some specific time period. The only problem is that as the agreement becomes more complicated, one of the parties usually get "cold feet" relative to the transaction. Stan.