If you do an internet search, you'll find many timeshares for rent. Some of these listings can be unreliable. Find the right rental using these tips.
You will need
- Timeshare user group membership
- Timeshare marketplace membeship
- Escrow service
- Rental agreement
Step 1 Know about timeshare user groups Know about longstanding timeshare user group websites. Browse through rental ads and be sure to do research before joining a group.
Timeshare Users Group, or TUG, has over 40,000 timeshare owner members. Potential renters can join to participate in their Timeshare Marketplace.
Step 2 Consider a timeshare rental marketplace Consider joining an online timeshare rental marketplace service. Browse their rental database by location or resort name.
Step 3 Understand rental rules Understand complex rental rules. Most timeshares rent at a fixed rate. Others use a point system, where each point’s dollar value fluctuates with the market.
Step 4 Join a marketplace or user group Join a reputable online marketplace or user group for a small fee. Narrow down prospective rentals, or post a “wish ad” to be seen by timeshare owner members.
Step 5 Contact a timeshare owner Contact a timeshare owner through an ad. A certain amount of trust may be required that the owner has correctly described the property.
Call the resort to double-check that the timeshare owner actually owns the rental week that’s being offered.
Step 6 Use a rental escrow service Use a rental escrow service like First American Title. Redweek offers this service as a transaction guarantee. But escrow transactions aren’t the norm.
Step 7 Do a private transaction Do a private transaction with the timeshare owner. Get the rental agreement, sign and return the agreement to the owner with a deposit, and enjoy your new timeshare!
Did You Know:
In 2003, Club Sportiva began as a timeshare club where members could drive 6-figure sports cars 12 to 14 days a year.