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Re: Re: Owner won’t transfer reservation until paid in full

[Q=doreena35] Should I change the reservation name from my name to the renters name without payment?[/Q] Absolutely not. Your prospective tenant may very well be an honest person, but if you put the reservation in someone else's name without even receiving [b]any[/b] payment first, a less than honest person really has no further motivation to pay you soon --- or at all. Even an honest person could "change their mind" later and you need to build in some financial "consequences" for any late "bailout" by the would-be renter. Payment should be received [b]in full[/b] before making any changes in the reservation name --- and this should all be completed [b]well[/b] in advance of the occupancy date. You really should have a formal, mutually signed rental agreement that spells all this out (and much more) ) in clear and precise detail, leaving no room for any "misunderstandings" or conveniently "incorrect interpretations". This is a business transaction and it should be treated as such, with a detailed contract being executed between two fully informed parties who are in mutual agreement, as expressed under the signatures of both parties. Anything less is just too "loosey goosey" --- and not legally enforceable.