Help w/contract wording

[HGD24]

For DVCers who have rented out points, could you please PM me with a sample of your contract? We are considering renting our '06 points but would like to be sure that we protect everyone involved.

Thanks!

 

[bridgemanva]

Sent you a pm.

 

[HGD24]

We received one sample contract and it was really good. We'd like to view a few more if possible before placing an offer to rent our points on the Rent/Trade board. Are there any other owners willing to share their contracts with us? If so, please pm me....thanks!

 

[sajetto]

There's an older thread on here just for contracts. Just use the search feature to find it. There are some really great ones on there!

 

[RobDoc]

Here is a thread with some sample rental contracts that may provide some help.

 

[JimMIA]

I would suggest that you keep a couple of things in mind.

One is that contracts for such small amounts are unenforceable in any practical sense -- It would just cost more in legal fees than the total of the rental, so there is little practical consequence to a contract. I wouldn't worry too much about the wording, and I'd steer well clear of a bunch of legal mumbo-jumbo.

Two things that are critical about a rental, however, can be helped by some form of clearly written understanding between the parties. The most important thing in any rental is trust, and clear understanding of the details of a rental is the first step toward trust.

Also, I am of the opinion that the biggest risk in a rental is not unscrupulous owners or renters, but lack of understanding (even by owners) of all of the ramifications of a rental. Owners need to thoroughly understand the renting process, but also the impact a rental could have on banking deadlines, borrowed points problems, use year expirations, reservation points, holding points, and all those pesky little details of DVC. Renters need to really understand that there is a world of difference between renting a ressie from a DVC owner and reserving a hotel room. They also need to understand that, no matter how much an owner wants to help them if their plans change, the owner may not be able to help them.

A very clear and well-understood agreement between the parties on total cost, specific nights covered, deposit dates, full-payment deadlines, and procedures for changes and cancellations protects both parties.

[ETA: If a contract helps you achieve that understanding, good. But usually contracts get all fuzzied up with gibberish like "force majeuer" and other meaningless terms that someone thought sounded cool and official. Go for understanding and you'll be fine.]

 

[HGD24]

Thanks all ~ the thread you directed me to is great.