Renting-Advice pls-Cancellations/Contracts/Damage?

[maminnie]

I am new to renting and have a few questions to those of you who are experienced:

How do you personally handle cancellations? My thought is once the renter commits to the points financially that the points become their responsibility to use following the same guidelines that I as a DVC member would have to follow if the original reservation is cancelled.

Do most of you use contracts? I have reviewed a few contracts on the boards.

Damages- Has anyone ever experienced any damage to a unit by a renter? When we had a rental home, we required a security deposit from people we did not know personally. What would happen if the villa got damaged to the point where it was reported to Member Services? It sounds like members rent DVC units without security deposits.

My goal in renting points that I personally can't use is to make it a win win for both myself and the renter while protecting "our/all members" DVC property. I want myself and the renter to be comfortable and protected with the transaction that occurs.

Any and all thoughts and advice would be welcomed.

Thank you in advance for your help.

maminnie

 

[maminnie]

Anyone?

Thank you, maminnie

 

[Dean]

I think everyone is a little different but there are some consistencies. Most seem to make the rental non refundable with a deposit up front and the remainder some where between 30-120 days. Most seem to use a contract, when I've rented, I have not. The issue is to make it clear exactly what to expect. A contract itself would offer little protection for either party unless you live in the same state. I've never heard of anyone being charged for damages, let alone a member who let someone else use the unit. I have heard of people renting and leaving a bill that the owner had to pay.

I do as you plan, I use points and rent them when I don't need them. I also have other timeshares I do the same with.