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Can I add my sister on a deed?

SDKath

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My sister is interested in purchasing from me EOY use of one of my Starwood weeks. It is deeded EY so there is no way for me to make it EOY and split deeds, right?

Can I just add her name to the deed and then she and I can have our own contract that says she gets odd use years and I get even? Can she then have full use of the week and the same access as me (calling Owner Services for reservations, etc)??

Thanks! Katherine
 

vacationtime1

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If a TS is a deeded annual use, you cannot subdivide it into two eoy's; the prohibition would be in the original deed or the CC&R's.

You could add your sister to the deed, record the new deed, and then transfer the change of ownership on the books of Starwood. She would then be an owner in Starwood's eyes. The two of you could have a contract about your use of your joint ownership that would be valid as between the two of you, although Starwood would almost certainly ignore it.

A disadvantage to changing the title by adding your sister is that you may need a new Starwood account for this specific timeshare because it is titled differently than your other units; you may need a new Interval account to exchange it for the same reason.
 

myip

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My sister is interested in purchasing from me EOY use of one of my Starwood weeks. It is deeded EY so there is no way for me to make it EOY and split deeds, right?

Can I just add her name to the deed and then she and I can have our own contract that says she gets odd use years and I get even? Can she then have full use of the week and the same access as me (calling Owner Services for reservations, etc)??

Thanks! Katherine
I believe you need to register the your sister with the county. It will cost you money. Why don't use just ask your sister to pay maintenance fees for the year that you don't use. With your sister, you will also be getting a new Starwood account since the ownership is not exactly the same.
 

Patri

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I think it would also be easier just to let her use the off year and pay the fees and you stay in control. Make sure she understands the timeframe for payments and reserving etc. Could avoid problems down the road. (Like one wants to sell and thinks the value is greater than it is for getting paid out).
 
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