AlmostRetired
TUG Member
- Joined
- Jul 20, 2005
- Messages
- 1,457
- Reaction score
- 721
- Location
- Long Island, NY
- Resorts Owned
- Grande Ocean Platinum, 3 x Grand Chateau 3 Bedroom (annual, EOY Odd, EOY Even).,
I own two summer units (July, August) in HHI and have both rented for 2020. I have a 50% deposit on both with the remaining 65 days out. My wife asked me this question "what would you do if the renter is worried about the corona virus and wanted out? It could be the timeshare is closed, the virus is still prevalent and travel restrictions are in place or they are just afraid. I never thought about this for a hurricane which could be closed for damage.
I have in my agreement that the deposit is non refundable as is final payment. I also have if the renter needs to cancel I will try and re-rent the unit giving back what I get minus costs to re-rent. I know timing has a lot to do with it but a big part of me thinks give the money back since this is a (hopefully) a once in a lifetime situation. A smaller part I thinks if it is fear, just stick to the agreement. In any case, the agreement doesn't cover closure for any reason (hurricane, virus or some other reason). While it was asked by my wife, it could have been asked by a renter. Thoughts on what you would do or did for a hurricane.
I have in my agreement that the deposit is non refundable as is final payment. I also have if the renter needs to cancel I will try and re-rent the unit giving back what I get minus costs to re-rent. I know timing has a lot to do with it but a big part of me thinks give the money back since this is a (hopefully) a once in a lifetime situation. A smaller part I thinks if it is fear, just stick to the agreement. In any case, the agreement doesn't cover closure for any reason (hurricane, virus or some other reason). While it was asked by my wife, it could have been asked by a renter. Thoughts on what you would do or did for a hurricane.