Original Message:
Re: Re: Owner won’t transfer reservation until paid in full (by KC):
doreena35 wrote:Should I change the reservation name from my name to the renters name without payment?
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 any 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 in full before making any changes in the reservation name --- and this should all be completed well 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.