Should both renter and rentee sign a rental agreement?

[PepperjackDragon]

First I apologize if this isn't the correct forum to post this.

I am looking at possibly doing my first rental agreement as a renter. Someone advised me that I should also have the rentee sign an agreement but I was unclear on what exactly that means. Is it customary for both parties to sign something, or would I as the renter need to be proactive at somehow creating a rental agreement as well and sending to that rentee to sign, in addition to me signing the one provided to me.

 

[Marionnette]

First I apologize if this isn't the correct forum to post this.

I am looking at possibly doing my first rental agreement as a renter. Someone advised me that I should also have the rentee sign an agreement but I was unclear on what exactly that means. Is it customary for both parties to sign something, or would I as the renter need to be proactive at somehow creating a rental agreement as well and sending to that rentee to sign, in addition to me signing the one provided to me.

The owner should supply a contract which both parties sign. There should not be two separate documents.

 

[PepperjackDragon]

The owner should supply a contract which both parties sign. There should not be two separate documents.

Thanks I’ll make sure to read it carefully and may post here if something is unclear.

And thanks for moving it to the correct

 

[BillPA]

a one sided signature is basically useless.

 

[gharter]

One of the reasons, the few times I have needed to rent points, I go through one of the online agents. I want someone else to deal with all the legal and administrative issues. I know I could get more by renting direct, but the chance of hassles and legal issues go way up if you don't know what you are doing and I don't want to waste my time with that stuff. For those who do, you earned the extra money I didn't get.

 

[lions1995]

Yes. As the member, I always sign it when I send it. If they agree, they sign it and return it. I also ask they they reply in the email that they agree to the term of the contract that they signed.

 

[suebeelin]

A written contract signed by both parties tend to have more validity than oral contracts, where both parties may or may not have a meeting of the minds.

Plus, written contracts can include clauses to cover unexpected situations.

Hope this helps!

 

[PepperjackDragon]

A written contract signed by both parties tend to have more validity than oral contracts, where both parties may or may not have a meeting of the minds.

Plus, written contracts can include clauses to cover unexpected situations.

Hope this helps!

haha. this is definitly true. The contract seemed pretty straightforward.

I was curious though, the deal is apparently that the renter has a rental made via a guest certificate through interval international. My understanding is that it takes a couple of days for the guest certificate to be transferred and then me to be able to get the disney confirmation number. I was convinced everything was on the up and up so went ahead with it, but thought I would message here to see if anyone is familiar with this process?

 

[CarolynFH]

haha. this is definitly true. The contract seemed pretty straightforward.

I was curious though, the deal is apparently that the renter has a rental made via a guest certificate through interval international. My understanding is that it takes a couple of days for the guest certificate to be transferred and then me to be able to get the disney confirmation number. I was convinced everything was on the up and up so went ahead with it, but thought I would message here to see if anyone is familiar with this process?

If the reservation is actually an exchange made through II (a person deposited to II a timeshare week they owned somewhere else and booked SSR in exchange), then renting that reservation is against II rules. If Disney and/or II find out that the person who booked the exchange then rented it out, the reservation can be cancelled. When DVC traded through II in earlier years, this policy was followed fairly strictly. So I would be hesitant to pay for such a rental - actually, I personally wouldn't take a chance that it might be cancelled and wouldn't book the "rental" at all.

An owner can rent a TS week they own, and a DVC owner can rent a DVC reservation made with their own DVC points. But someone who owns some other TS and exchanges it for SSR via II cannot rent that reservation.

I hope you haven't sent any money, if this person is trying to rent you a DVC reservation they made via II.

 

[PepperjackDragon]

If the reservation is actually an exchange made through II (a person deposited to II a timeshare week they owned somewhere else and booked SSR in exchange), then renting that reservation is against II rules. If Disney and/or II find out that the person who booked the exchange then rented it out, the reservation can be cancelled. When DVC traded through II in earlier years, this policy was followed fairly strictly. So I would be hesitant to pay for such a rental - actually, I personally wouldn't take a chance that it might be cancelled and wouldn't book the "rental" at all.

An owner can rent a TS week they own, and a DVC owner can rent a DVC reservation made with their own DVC points. But someone who owns some other TS and exchanges it for SSR via II cannot rent that reservation.

I hope you haven't sent any money, if this person is trying to rent you a DVC reservation they made via II.

I did, I paid via paypal with my discover card. I don't think Paypal offers any protection but I would think Discover would likely be willing to, though I have never had to dispute such a transaction of course. I'll have to look into this and see if I can confirm anything else as this is quite concerning news.

 

[PepperjackDragon]

What this person has done is they contacted some company, called II, and then that company changed the name to my name and is supposedly contacting Disney to set it up and provide me with the disney confirmation number. I assume if I can get a confirmation number I should just leave everything alone and move on with it, or are you saying that there is a legitimate change in this situation that Disney would follow up and cancel after providing a confirmation number?

 

[CarolynFH]

What this person has done is they contacted some company, called II, and then that company changed the name to my name and is supposedly contacting Disney to set it up and provide me with the disney confirmation number. I assume if I can get a confirmation number I should just leave everything alone and move on with it, or are you saying that there is a legitimate change in this situation that Disney would follow up and cancel after providing a confirmation number?

II (Interval International) is the exchange company. II allows owners to exchange a reservation at a TS (timeshare) they own for a reservation at another TS. II also allows owners to get guest certificates so that their family and friends can stay in the other TS instead of the owner.

II does not allow those guest certificates to be sold - IOW II does not allow that TS reservation to be rented out. In the past, when Disney and/or II have discovered that an exchange reservation has been rented, they have cancelled the reservation, and the person who paid to rent the reservation has arrived at the DVC resort to find they had no reservation.

So, as long as neither Disney nor II finds out you are renting this reservation, you'll be okay. But you are taking a chance.

Good luck!

 

[PepperjackDragon]

II (Interval International) is the exchange company. II allows owners to exchange a reservation at a TS (timeshare) they own for a reservation at another TS. II also allows owners to get guest certificates so that their family and friends can stay in the other TS instead of the owner.

II does not allow those guest certificates to be sold - IOW II does not allow that TS reservation to be rented out. In the past, when Disney and/or II have discovered that an exchange reservation has been rented, they have cancelled the reservation, and the person who paid to rent the reservation has arrived at the DVC resort to find they had no reservation.

So, as long as neither Disney nor II finds out you are renting this reservation, you'll be okay. But you are taking a chance.

Good luck!

Yikes. Learning stuff here I never had considered.

 

[suebeelin]

Yikes. Learning stuff here I never had considered.

Usually and almost always the DVC available through interval exchange (or RCI in the not so distant past) is SSR or OKW—- maybe but much less often AKV (please correct me if I’m wrong).

If that person is claiming BCV, GFV, BWV or Poly… I would investigate further the legitimacy of the person you’re going through.

Is this someone you know personally at least? Do you mind, if not, if I ask where they advertised the proposed rental?