Rescheduling/Renting out an II exchange

[raoden]

I recently made an exchange with II and I am realizing that I chose some bad dates for the vacation. I have tried to search Interval's website and I am not able to find if I can reschedule the dates for my exchange.

Can someone tell me
1) Is it possible to reschedule. If yes what is the charge?
2) Can I cancel and reserve again? When I cancel do I get back the points that I used for the exchange? (I exchanged using Hyatt points)
3) Is it ok to rent this exchange out to somebody if any of the above cannot be done?

Thanks.

 

[bnoble]

1: Yes, if the week you want is availalbe for exchange. It costs a new exchange fee.

2: Yes. You do not get back points. You get back a replacement week, good for one year from the date you cancel. The week's trade power may be reduced the closer you get to use date to cancel. Using it costs a new exchange fee.

3: No. You may not accept any compensation for the week, but you can give it away to friends/family.

Note that if it is less than 24 hours since you confirmed the exchange, you can cancel it and get your original weeks/points back if you are an individual member. Some club memberships (DVC?) may not have this option, I don't know.

 

[pjrose]

3: No. You may not accept any compensation for the week, but you can give it away to friends/family.

II will issue a Guest Certificate in their name for $40.

 

[DeniseM]

3) Is it ok to rent this exchange out to somebody if any of the above cannot be done?

Thanks.

Just so you know, II actively looks for people who try to rent their exchanges and penalties can include losing your membership, deposit, and exchange.

 

[raoden]

Thanks for all your replies. I finally called Hyatt II help desk, cancelled and rebooked my reservation. As bnoble mentioned before I could have cancelled in the first 24hrs and got an exchange week (can't get my points back I was told). What sucks is that I would not have incurred another exchange fee. I guess I am learning.