Original Message:
Re: RENTING AN EXCHANGED WEEK IS AGAINST EXCHANGE COMPANY RULES... (by R P.):
carolep10 wrote:I realize these posts are all over a year old, so I have 2 questions:1. Has RCI changed its policy in any way? I have 2 deposited weeks that I'm trying to figure out what to do with. One expires the end of October 2009 and I guess it will do just that - expire. The other expires in 2011.
2. If I were to not deposit future weeks that I have in Hawaii - and I'm not planning to go back - and deposit them with RedWeek as well, how does that work? Would I have to book a specific week at my resort and then how would I "bank" it with Redweek? Could I then exchange it for another timeshare at another resort - whether RCI or II or points, etc? I believe, and tell me if I'm wrong, that if I booked a specific week, I could, in fact, list it on RedWeek for rent, but it would be limited to my week and if it expired, as with RCI, I'm sunk -- true?
Thanks for your help. Carole
No, the rule has not changed .... RCI/II deposited weeks are not permitted to be sold or rented . Why don't you look for an exchange for the 2009 week before it expires and you have plenty of time to use or exchange your 2011 week. The worst thing any timeshare owner can do is to let their deposited week(s) expire.
With Redweek, if you own a particular week you can deposit it and rent or sell it ... if you own a floating week or points you have to reserve a week, deposit it then exchange, rent or sell it .... as far as I know Redweek is the only exchange company that allows this.