Question about renting to friends of family

[antmr7]

There is a possibility a friend of my Aunts is looking to rent DVC points. For anyone who has rented to friends of family members before do you write up any agreement etc

 

[Sandisw]

I have not because it’s been close family members and friends. it has only been a few times as most of the trips, I was there so I booked them as part of my trip and was not charging them

 

[cm8]

There is a possibility a friend of my Aunts is looking to rent DVC points. For anyone who has rented to friends of family members before do you write up any agreement etc

Yes, you must treat this as a business arrangement if money is changing hands.

I would want every single thing outlined to prevent any hard feelings or misconceptions about what they were receiving.

 

[antmr7]

Yes, you must treat this as a business arrangement if money is changing hands.

I would want every single thing outlined to prevent any hard feelings or misconceptions about what they were receiving.

That’s what I was thinking too. Are there any sample or generic “contracts” you have used

 

[drusba]

The Declaration in the POS for the DVC Resorts provides (sec. 13.2 in the BWV declarations; section number may differ in others):

"All leasing or rental agreements relating to the use, occupancy and possession of any Vacation Home must be in writing and must set forth an acknowledgment and consent on the part of the lessee-sublessee-tenant to use, occupy and possess such Vacation Home in conformance and compliance with the provisions of this Declaration, as well as the Articles of Incorpation, Bylaws, the Condominium Rules and Regulations and the rules and regulations of the Disney Vacation Club. In the event the Owner or Cotenant fails to secure a written lease or rental agreement , the Associationshall have the right to require the lessee-sublessee-tenant, prior to thew lease-sublessee-tenant's use, occupancy or, possession of any Vacation Home, to execute an acknowledgement to use and occupy the rental or leased Vacation Home in conformance with the Condominium Documents. Any lease or rental agreement shall be deemed to contain a provision requiring that any sums due to the Association as assessmenrts must be deducted from the gross rentals and paid directly to the Association."

In other words, a written agreement is actually required, although it is likely a requirement overlooked by many, and the penalty for not having one is for the association, if it desires, to force the tenant to acknowledge he will be bound by all applicable rules and regulations.

I have seen form agreements online but do not remember where. It is likely better to have a written agreement, particularly to cover such things as payment and what happens if something goes wrong. Moreover, there are some things you may want to point out in a contract to avoid unpleasant issues, e.g., have agreement that the tenant is not to request an upgrade to a better/larger room when he checks in, because what usually happens if the upgrade is given is that your account gets charged for the extra points needed for the better room.

 

[ldo]

For “friendly rental” I just write up a simple paragraph detailing expectations of both sides. For me, I include: timing of deposit/final payment. Terms such as when it’s refundable or not. I usually add a clause that I’m willing to rebook based upon availability up to a certain date. I never thought about the upgrade issue. Yikes!

 

[antmr7]

For “friendly rental” I just write up a simple paragraph detailing expectations of both sides. For me, I include: timing of deposit/final payment. Terms such as when it’s refundable or not. I usually add a clause that I’m willing to rebook based upon availability up to a certain date. I never thought about the upgrade issue. Yikes!

That’s what I have been thinking about. There is a lot to include which I had never thought about before. But I have 35 points that are going to expire by November so I am debating if it might be better than moving to RCI

 

[CarolMN]

Effective DVC Point Rental Agreements

 

[ldo]

I’d not move 35 points to Rci. If you can easily rent for annual fees plus a Bit, I’d just do that. Imho. I rented mine to friends for $10/point.

 

[antmr7]

Effective DVC Point Rental Agreements

Thanks

I’d not move 35 points to Rci. If you can easily rent for annual fees plus a Bit, I’d just do that. Imho. I rented mine to friends for $10/point.

Yeah I was thinking I wouldn’t be able to get much for 35 points through RCI

 

[antmr7]

Is anyone adding language into your rental agreements surrounding COVID-19

 

[kniquy]

Some people think a timeshare is a free trip so might be more likely to cancel thinking you would not be out anything. So I think in order to protect yourself you do want a contract.

 

[cm8]

Is anyone adding language into your rental agreements surrounding COVID-19

I already had an extenuating circumstances clause. Please make sure to protect yourself. Make sure they know what they book is non refundable( if you so choose) and what will occur in the event of any closure that may happen. Also, make sure to list the details of the points( how long they are good for) and if you’re able to rebook if something happens.