arch53
TUG Member
- Joined
- Jun 7, 2005
- Messages
- 83
- Reaction score
- 16
- Points
- 368
- Location
- Falmouth, ME
- Resorts Owned
- WorldMark
My wife and I typically rent timeshares for our March vacations. This year in renting one of the weeks I have run into something that I have never before encountered and I had thought I would seek advice of the collective wisdom of this group which I know has both renters and tenants in it. When I received the rental agreement for a unit we had decided to rent I inserted a provision, that stated if the unit was not available because of hurricane damage or other unforeseen event, the renter would return all payments. The renter has objected to this provision and suggested that I buy travel insurance. The renter has made a very nominal reduction in rent to allow for my purchasing travel insurance. The nominal reduction does not reflect the actual premium for the travel insurance (it is a good bit more) and I am very leary of travel insurance policies because of the difficulty collecting on those policies.
My view has been a pretty simplistic one: I pay for a week of accommodations and if the renter cannot provide the accommodations for some reason (such as hurricane damage) then the renter should return my rent payments. I have not had disagreement on this issue before in renting units.
Am I off base here (the issue had seemed somewhat obvious to me)? If the collective wisdom of this Board is that I am off base then I will at least think about bearing the risk for this one rental ( I would be more comfortable if we were at the end of October), although I may still just move on to a different rental.
Thanks.
My view has been a pretty simplistic one: I pay for a week of accommodations and if the renter cannot provide the accommodations for some reason (such as hurricane damage) then the renter should return my rent payments. I have not had disagreement on this issue before in renting units.
Am I off base here (the issue had seemed somewhat obvious to me)? If the collective wisdom of this Board is that I am off base then I will at least think about bearing the risk for this one rental ( I would be more comfortable if we were at the end of October), although I may still just move on to a different rental.
Thanks.
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