When renting, how can buyer verify your ressie?

[RobDoc]

...if they don't send payment within X amt. of time that you would cancel the reservation. Would this worK?

All aspects of a rental arrangement are negotiable between parties. You can (and should) agree to any conditions before beginning the process. Both parties need to feel comfortable with any aspect of the rental.

In most cases, the member should state what his/her rental policies are BEFORE making the reservation. That way the renter will know what is expected of him. These policies should include reservation confirmation and payment expectations.

If the arrangements aren't comfortable for your situation- don't do it!

 

[dianeschlicht]

After re-reading this thread, I am glad I don't rent points out! It seems like the confirmation letter should be sufficient, but then I am a Minnesotan, and I trust everyone!

 

[disneyberry]

(i assume many DVCers try to avoid this scenario due to complications mentioned below, but i have to ask about this since i may be about to take part in a transaction like this very soon)

a renter wishes to get a last-minute ressie within 5-10 days of when you first initiate discussion about the transaction?

in this case, there is not enough time for the renter to receive the paper confirmation statement in their name.

reading the above posts, does this mean that if you don't have paper confirmation in your name, then your ressie is not guaranteed? the owner could potentially cancel the ressie after receiving payment?

:eek!: (i'm the potential renter, hence the paranoia)

 

[RobDoc]

The problem with a short time reservation (less than 30 days before) is that if the member makes the reservation without getting payment, he will be penalized since those points will go into a holding account with different use restrictions. This is a risk assumed entirely by the member.

Trust is a key ingredient of any of these transactions. Even if the renter has the written confirmation provided by DVC, the member could still cancel the reservation- so the letter is no guarantee of anything other than the fact that the reservation was made at some time.

I'm pleased to report that we have never had a complaint of any problem with a transaction made thru the Rent/Trade Board here at DIS. That is no guarantee that it can't happen, but should still be somewhat reassuring.

Both parties should be clear what is expected in terms of payment, confirmation and cancellation policies. If these issues are not clear...ask. If they are not acceptable...don't agree to the rental.

Good Luck!

 

[disneyberry]

one more question.
let's say owner and renter decide to close on the deal.
the arrival date to the resort is in less than 5 days.

does this mean that the resort already has downloaded the reservation into their local systems? i.e. renter can call the resort directly and confirm the reservation w/o having to call Member Services?

 

[RobDoc]

Yes, I would expect that, once within 5 days, the resort should have access to the reservations made either thru DVC or thru CRO and a phone confirmation would be simple with the resort itself. Actually, i would be disappointed if it were not that way.

Good Luck!