II's policies???

Carolyn · Jul 30, 2008

I have friends who want to sell their one and only timeshare. It is affiliated with II, has 1 banked week and is paid for thru 10/09. Are they able to give their account to the new owners with the one banked week? If so does II charge a fee to do this? Thanks.

Carolyn

Dave M · Jul 30, 2008

Yes, upon request, II will transfer the account to the new owner. The fee for transferring the account is a one-year renewal of the account. If the account had more than one timeshare associated with it, II would give the new owner a substitute week (for the same fee).

Carolyn · Jul 31, 2008

Dave M said:
Yes, upon request, II will transfer the account to the new owner. The fee for transferring the account is a one-year renewal of the account. If the account had more than one timeshare associated with it, II would give the new owner a substitute week (for the same fee).

Thanks-what if the buyer already had an II account and the seller just wanted to transfer the one banked week to the buyer-how much would that cost? Then could the sellers get a refund from II for the remaining time left on their membership?

Carolyn

Dave M · Jul 31, 2008

To transfer a banked week, II requires that the buyer pay to extend II membership for an additional year. Sorry if I didn't make that clear. (The seller might offer to credit the amount of fee against the sales price as an incentive.)

I don't think the seller gets a refund in this case because the entire membership gets transferred to the buyer and gets combined with the buyer's existing account.