I am writing this for my parents. They have owned a Royal Holiday time share for an extremely long time. They are both in their 70's now and their health and preference regarding vacations have changed. It is now basically a bill they pay but have not used their points for years. Usually one of my siblings tries to use it just so it doesn't go to waste. Last time I was with them they mentioned they wanted to get rid of that expense now rather than leaving it for one of us kids to have to deal with when they are not able to take care of their obligations.
Is there anybody that has experience with performing a Deed Back on a Royal Holiday T/S?
Any advice and/or direction is greatly appreciated.
I'm not a lawyer and I don't play one on TUG but they don't have to leave it to anyone, not child has to take it.
Are you referring to "Royal Holiday Club" (RHC), which mostly operates in Mexican resort cities? If so, I would suggest that this thread be moved to the Mexican timeshare section. I seriously doubt that RHC would even consider a "Deed Back". RHC is a Right-To-Use club, they do not "own" any resorts (but they do have a close working relationship with Park Royal Resorts). I think the better solution is to transfer the membership to a family member or friend, then the family member or friend becomes financially responsible for the annual dues.
While RHC is a Mexican TS company/Club, it does not "mostly operate in Mexican resort Cities. I've stayed or have guests stay in Southern California, San Francisco, Scottsdale, Puerto Rico, Aruba, Bahamas, Miami, London, Paris, Rome, NYC, Atlantic City, Block Is. RI and more.
I would echo PerryKing in that they may not have many years left on their contract. My family purchased a timeshare with RH in 1987. It was a 30-year weeks-based right-to-use contract. I was anxious to complete the contract so I contacted RH and learned about accelerating. We were able to accelerate 3 years in a row by paying two years worth of maintenance fees at a time (the current year and the "last" year - 2012 & 2017, 2013 & 2016, and 2014 & 2015). I banked all the weeks with RCI so I now have a big pot of points there but at least I'm done with RH.
This is what I'd recommend, use it up, use it up as fast as you can. They probably don't have that much to go anyway. Go to Southern California, San Francisco, Scottsdale, Puerto Rico, Aruba, Bahamas, Miami, London, Paris, Rome, NYC, Atlantic City, Block Is. RI and more. Make memories WITH your parents and let them know how much you enjoy it.