Buying, Renting, and Selling Timeshares

SAMPLE RENTAL AGREEMENT

Mar 12, 2007

RENTAL AGREEMENT

RESERVATIONS - Upon mutual agreement of unit rental, a ____% deposit must be made to confirm your reservation. Balance is due upon written confirmation or no later than _________, 2007. Payment is to be made with a bankcheck/draft (or a personal check if you accept that mode).

CANCELLATIONS - No cancellation allowed once a reservation has been made.

CHECK-IN/OUT - Check-in time is _____ P.M. on arrival date of __________, 2007. Check-out time is _____A.M. on date of departure of_________, 2007. Any exceptions must have prior approval from the owner and/or resort. The agreed upon rental price for the above stated timeframe or week of ______, 2007 is ________$ for unit number ____ at _________ (resort).

RULES AND REGULATIONS - Upon check-in, you must present a credit card to the front desk personnel, just like when you rent a hotel room. YOU are responsible for any damage, loss or theft incurred while renting this property. Any damage, which is not considered normal wear and tear, loss or theft caused by you, the renter, may be charged to your credit card. In order to reserve the integrity of the unit, we ask that it be occupied in a quiet and dignified manner. As guests of ______________(resort), you are expected to respect the premises and its contents and guard against damage, loss or theft. You are expected to adhere to all of _______________(resort) rules and regulations. The _____________ (resort), its employees and property owners will not be held libel for any claims, suits, damages, costs, losses and/or expenses arising from injury to any person or property occurring on the premises resulting from/relating to rental of this property. The renter must be at least 21 years of age and agrees not to sub-rent this unit. The rental rights acquired from this rental agreement are non-transferable. TELEPHONE - All telephone calls, toll calls etc. will be billed to your credit card. NO PETS ALLOWED AT______________ (RESORT) AND NO SMOKING ALLOWED IN THE UNITS. A copy of this rental agreement is hereby acknowledged by both parties.

_________________ _________________ Signature of renter Signature of owner

Name, address, phone Name, address, phone __________________ __________________


R P.

Last edited by jayjay on Mar 12, 2007 02:47 PM

Mar 12, 2007

You can re-word the above anyway you wish.


R P.
Mar 12, 2007

jayjay wrote:
You can re-word the above anyway you wish.
Thank you.

Soonn


Soon N.
Mar 13, 2007

jayjay wrote:
You can re-word the above anyway you wish.

jay;

Trouble is brewing when individuals start writing or changing their own contracts. Many, many cases have been lost due to a missing word or even incorrect punctuation. The Court is not interested in what you "intended to say", but only what you actually wrote.


Jon S.
Mar 14, 2007

Should one of these be written every time?


Teresa W.
Mar 14, 2007

I would say yes. If you will read about soonn's (Redweek member) rental fiasco then you will see why a written and signed rental agreement is the best way to defend yourself (owner) AND the renter.

Of course, if you really trust the other person to follow through with the rental transaction, then use your own judgement as to whether to use a rental agreement or not. It's really up to you.

teresaw57 wrote:
Should one of these be written every time?


R P.
Mar 14, 2007

jayjay wrote:
I would say yes. If you will read about soonn's (Redweek member) rental fiasco then you will see why a written and signed rental agreement is the best way to defend yourself (owner) AND the renter.

Of course, if you really trust the other person to follow through with the rental transaction, then use your own judgement as to whether to use a rental agreement or not. It's really up to you.

teresaw57 wrote:
Should one of these be written every time?
Does this agreement need to be notorized or anything like that?


Teresa W.
Mar 15, 2007

teresaw57 wrote:
Does this agreement need to be notorized or anything like that?

I, myself, would have a rental agreement notarized since it is a legal document, but that would be up to the owner and renter. Use your gut instinct.


R P.

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