For those of you who've rented out points before...

[jacquek95]

We received a good number of banked points from our new DVC purchase and can't use them all next year. For those of you who've rented out points before, I have a question. Do y'all do a written contract? We rented points, but because it was within 30 days, there was no need for a contract (if we didn't go, we lost money). I assume most of you ask for a certain % up front and the rest due before the 30 day cut-off period. If they back out early, do you give them their initial "deposit" back and if so, how early do they have to let you know. Any and all advice/help/info is appreciated.

 

[y2khardtop]

I've always considered it a closed deal. Once I make the reservation, they pay me and I send them the written confirmation. If they choose the "cash" the points in, or change the reservation, they are own there own.

I've only done it twice, but it has worked out well both times. I'm sure, depending on the number of points and money involved, you have to make decisions that both parties are comfortable with.

Dave