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Rentals... (by KC):

geraldinec22 wrote:

When do you pay the person you are renting from? Can you just pay a deposit when you sign the rental agreement? Is it safe to pay by check when all you have is a rental agreement?

Before paying anyone a CENT, you should FIRST confirm for yourself (directly with the resort involved) that the "would-be landlord" actually OWNS the week in the first place. You don't want to get caught up in someone trying to rent out something they obtained from an exchange company, which is a prohibited practice and which could potentially leave leave you with NOTHING to occupy and your money GONE.

Once you are convinced that the "landlord" is indeed the actual owner of the week being rented out, it is not uncommon for a rental agreement to require a 50% (non-refundable) deposit with the signed rental agreement and the reservation transferred into the renter's name only upon owner receipt of the remaining 50% due. Different rentalm agreements can (and often do) specifiy different terms, however.