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Will TS sale interfere with II deposit?
- Thread starter DesertGal
- Start date
DeniseM
Moderator
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- Northern, CA
- Resorts Owned
- WKORV, WKV, SDO, Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
II will not know if you sell the timeshare - but the resort will. So be sure your contract stipulates that usage begins in 201[3] and that you advertise it that way.
Last edited:
Rent_Share
TUG Member
That makes sense, thanks. When we purchased the TS (resale), we used the resort's lawyer and probably paid too much for closing costs. I've been reading good things about Legal Timeshare Transfers... would they supply the contract wherein we would specify that usage begins in 2013?
DeniseM
Moderator
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- Northern, CA
- Resorts Owned
- WKORV, WKV, SDO, Hyatt High Sierra, Dolphin's Cove (Anaheim) NEW: 3 Lawa'i Beach Resort!
Yes - sorry - 2013.
I would call LTT about that - I honestly don't know.
I would call LTT about that - I honestly don't know.
Quadmaniac
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- Marriott Willow Ridge (x2), Ko Olina week 51 (x3) & 52(x2)
As soon as the week is deposited into II, the resorts considers the usage for that year used. When you sell it, there is no way for a new buyer to retrieve that week from your II account. As long as you have it in your agreement that usage starts next year 2013, everything is on the table and less chance of a mix up with your buyer.
Your usage would not be affected as it was already accepted by II and you have it booked.
Your usage would not be affected as it was already accepted by II and you have it booked.
MelissaM
newbie
Rental of timeshare weeks
Has anyone heard of a company called m and m management group? They have been contacting us to rent our timeshare. We wonder if they are a legitimate business.
Has anyone heard of a company called m and m management group? They have been contacting us to rent our timeshare. We wonder if they are a legitimate business.
pacodemountainside
TUG Member
They contacted you! Red flag 1
They want upfront listing fee . Red flag 2
They will get far in excess of say twice MF and commission is more than 25%. Red flag 3
Or, how long have they been in business and what assurance you have they will send any money if they do rent? Testimonals don't count.
Forget about what name they are using today!
They want upfront listing fee . Red flag 2
They will get far in excess of say twice MF and commission is more than 25%. Red flag 3
Or, how long have they been in business and what assurance you have they will send any money if they do rent? Testimonals don't count.
Forget about what name they are using today!
I sold a week many years ago where I had the previous year banked with RCI (before RCI had been bought out and was friendlier) and to sweeten the pot for the sale I included the banked week with the sale. When I sold the week I had RCI transfer the week to the buyers RCI account. I don’t know what II’s policies are but I would think any banked week belongs to you to do what you want.