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Short answer, yes. You should have a contract stating terms of how much, when monies are due, along with when the actual reservation would be put in your name. When we have rented our units we have started with an amount, along with a time line of when remainder would be paid , and consequences of non payment in given time frame, and when transfer of reservation is given. I have never assigned reservation of a week without full payment. If you did not receive a contract stating any or all of the above I would ask for one(even have been given proof of ownership) it only protects both you and the owner.