Transfer timeshare title to a family memeber

[RemoWilliams]

I have decided to give my timeshare to a family member. Does anyone have any idea what I have to do to complete the transaction?

 

[theo]

Not really enough info, but...

I have decided to give my timeshare to a family member. Does anyone have any idea what I have to do to complete the transaction?

I'll assume, just for the sake of discussion, that it's a deeded ownership of some sort (as opposed, for example, to a "right to use" (RTU) contract). If my assumption is correct, a new deed needs to be prepared and recorded. With (presumably) no money involved in this intra-family transfer, you can do all of the new deed prep yourself (using the current one as a template) and pay the applicable County to record it (figure $20-40 as a very rough range), or you could instead pay an outfit like LegalTimeshareTransfers in Georgia to do it all for you (it will cost you $150 (total) in this second option --- and it would help a lot if you can provide a copy of the current deed).

If it's a RTU contract, there is no deed and there is likley internal paperwork from the resort / resort group to complete in order to effect a transfer.

Hope this helps.

 

[Passepartout]

What Theo said, and (assuming it's deeded) after getting the deed back from the county after recording, you'd send it to the resort and there is usually a fee for changing the name on the account as he mentioned re: an RTU.

Really it's just a do-it-yourself 2 step process.

Jim Ricks

 

[theo]

What Theo said, and (assuming it's deeded) after getting the deed back from the county after recording, you'd send it to the resort and there is usually a fee for changing the name on the account as he mentioned re: an RTU.

Really it's just a do-it-yourself 2 step process.

Jim Ricks

A good and important point, which I overlooked. It's a good idea to call the resort in advance and find out if they do in fact charge the "transfer fee" to which Jim has made reference; some do, some don't. For those that do, a representative figure is likley about $75, but maybe more. Yes, it's collected just to spend the 20-30 seconds it takes to change the name and address of the future maintenance fee bill recipient, but they charge it because --- well, just because they can. You can send a copy of the new recorded deed and the transfer fee (if any) together to the resort and then call it a day (...or a former ownership).

 

[1950bing]

please make sure first that the person even wants it ! Do they understand about increasing maint. fees, SAs, added costs to exchange, waiting to get an exchange, worth, cost and hassel to get rid of them ? I have seen a timeshare tear apart a family over the above. If all is understood and agreed upon,transfere and enjoy.

 

[Passepartout]

..... a representative figure is likley about $75, but maybe more. Yes, it's collected just to spend the 20-30 seconds it takes to change the name and address of the future maintenance fee bill recipient, but they charge it.....

Some are worse than others. Trading Places manages one of mine and they charged $175 for the transfer. Highway robbery! But whatcha gonna do. They have you, so you pay what they charge.

Jim