Rental reservation long in advance

Stmickey · #1 (**permalink**) January 10th, 2008, 04:31 PM

I am in the process of renting a timeshare for Nov. 2008. Is it possible that the owner could sell there timeshare in the meantime and I could lose out on my rental? What would happen to my rental lease if they sold there unit?

Thanks

TAI_Staff · #2 (**permalink**) January 15th, 2008, 05:05 PM

Hello Stmickey,

I think what you're asking is that if you rent a timeshare from someone who is also selling and the timeshare is sold after you have agreed to rent the unit, will the sale jeopardize your plans or rental of the timeshare?

The answer is no.

Once you have rented a timeshare, received confirmation, etc, you are 'locked-in' and any potential buyer of the timeshare would be aware that the week is unavailable(rented, banked, etc), which does not affect the sale as buyers on the resale market are not necessarily looking for immediate vacation accommodations, but rather savings and simplicity.