Can an Interval week be transferred to another account?

[joyzilli]

Can a week be transfered from one II acct. to another?

 

[Dave M]

Yes and no.

If you simply want to transfer a banked week to another account, it's not possible. Instead, work with the other person so that the intended user gets what he/she wants.

However, if someone is selling a timeshare and wants to transfer a banked week at the resort, there are two possibilities.

If the timeshare being sold is the only one associated with the seller's II account, the seller can transfer the entire account, which includes the deposited week, to the buyer. II requires that an additional year's II membership be paid at the time of the transfer.

If that's not workable, the seller can transfer the rights to the deposited week to the buyer. The rights to the deposited week will be canceled and the buyer will get an accommodation certificate which expires on the same date as the deposited week would have. No extensions are permitted. There is no guarantee that the trading power of the certificate will be as good as the deposited week. Again in this case, II requires payment for an additional year of II membership.

 

[joyzilli]

So if prior to bidding on ebay, the seller said the week can be transferred to the new owners acct. and now this information is not true, (and we haven't heard back from the seller in 2 days - after sending over 6 emails), can this be grounds for backing out of a deal through ebay?

 

[Dave M]

Real estate auctions on eBay are not legally binding. eBay's auction terms make that clear. So you don't need a reason to back out.

Why do you believe the week can't be transferred? It can, unless the seller has multiple timeshare in his/her II account. Even then you can get a substitute week.

 

[joyzilli]

The week has not yet been deposited in the current owners II acct. I am assuming that's because she did not want to pay the 2008 maint. fees. Once the buyer pays the maint. fees, the seller is willing to deposit the week into her own acct. and then transfer it over to the buyers acct.

I spoke to member services at II yesterday, and was told that the week can't be transferred to the new owner. He never mentioned anything about an AC.

We are ready to just forget about the whole deal, since, after several emails, the seller hasn't gotten back to us in 2 days.

Thanks Dave for all your help.

 

[rsackett]

Yes and no.
...If that's not workable, the seller can transfer the rights to the deposited week to the buyer. The rights to the deposited week will be canceled and the buyer will get an accommodation certificate which expires on the same date as the deposited week would have....

When I bought my Manor Club from a TUG member he had thye next years usage already deposited in his account. It was a July 4th week and qualified for an AC. I asked him to call II and get the AC. After it showed up in his account he asked II to transfer them to my newly opened account.

II only cnceled the original week from his account and deposited an AC in in my account as described by Dave.

II said they could not transfer the AC. I was diapointed as I could have used it, but I was happy in the end.

If the owned has not yet deposited the week with II why not just have them transfer the reservation to you when the timeshare closes. Then you could deposit it if you want to.

Ray