Long term lease of Marriott's OceanWatch Villas at Grande Dunes

[sloth]

Hello,

We just visited Marriott's OceanWatch on a preview package and we like the resort very much.

However we are not ready to buy the timeshare and we are wondering if there is any way to get a "lease with option to buy" from some TS owner. Currently we are thinking of something like 5 years, but I don't know how this kind of deal could work out, especially how to handle the legal stuff to protect both sides. Also are the owner's record at Marriott and the deed separate? If so is it possible to change the owner's record to our names during the lease period while the original owner keeps the deed?

Thanks in advance for any advice!

sloth

 

[aliikai2]

I am not going to say that

this can't happen, but the chances are little to none that somebody that put out $20-40K is going to allow change of title unless your purchase and pay in full for a timeshare.

You may find someone willing to do a long term rental, but even that will be hard to get someone to allow you the use of their investment.

There is a group that allows you to lease RCI points for an affordable rate, with a minimal investment, but this is a far cry from leasing a Marriott unit on some type of a lease to own program.

jmho,

Greg

 

[bobcat]

Hello,

We just visited Marriott's OceanWatch on a preview package and we like the resort very much.

However we are not ready to buy the timeshare and we are wondering if there is any way to get a "lease with option to buy" from some TS owner. Currently we are thinking of something like 5 years, but I don't know how this kind of deal could work out, especially how to handle the legal stuff to protect both sides. Also are the owner's record at Marriott and the deed separate? If so is it possible to change the owner's record to our names during the lease period while the original owner keeps the deed?

Thanks in advance for any advice!

sloth

I to do not think this will happen. You can rent weeks for your stay there.

 

[Bill4728]

Hello,

We just visited Marriott's OceanWatch on a preview package and we like the resort very much.

However we are not ready to buy the timeshare and we are wondering if there is any way to get a "lease with option to buy" from some TS owner. Currently we are thinking of something like 5 years, but I don't know how this kind of deal could work out, especially how to handle the legal stuff to protect both sides. Also are the owner's record at Marriott and the deed separate? If so is it possible to change the owner's record to our names during the lease period while the original owner keeps the deed?

Thanks in advance for any advice!

sloth

First, WELCOME TO TUG!!

Second, if your interested in buying a TS the best way to protect yourself is to buy resale. Then if after 5 years, you descide it not for you, you'll likely be able to sell for about what you paid for it. If you buy direct from Marriott, you have almost no chance of breaking even after 5 years.

Good Luck

 

[pedro47]

At this time this resort is not in a resale mode. I would suggest you look at Marriott HHI for a platinum resale resort.

 

[luv2vacation]

They're a little more expensive than others, but there ARE resales out there for Ocean Watch.

 

[sloth]

Thanks!

Thanks very much for all the response and sorry for posting on the wrong forum!

I do like the idea of a long term vacation arrangement but owning a property with obligations of maintenance fees do intimidate me. That's why I thought about a multi-year lease.

I have been reading some posts here and I saw someone mentioning it is hard this year to rent the weeks (I say some threads people saying their weeks went un-rented). So I guess securing a multi-year rent could appeal to some owners --- I could be wrong.

 

[KathyPet]

Well I suppose you could ty to find a owner interested in that sort of a arrangement by advertising on the TUG and Red Week classifed but I really don't think you are going to find a owner willing to give up use of their week for multiple years unless they were making a hefty profit. Otherwise why would a owner want to give up use of their week to lease to you for several years in a row.? Most owners only rent their week on a occasional basis not every year and especially at a resort like Ocean Watch. Now if you want to try to rent a week from different owners each year for several years you could probably do that with no problem at all either directly here on TUG or Redweek or even by renting through Marriott.