Renting deed question

I am a first time renter and the owner asked for a name to put on the deed and a 50% deposit for Marriott in Aruba. Is this standard? Thanks

olgae14 wrote:

I am a first time renter and the owner asked for a name to put on the deed and a 50% deposit for Marriott in Aruba. Is this standard?

Yes, that is quite a popular procedure. In fact, some owners require renters to pay 100% usually via Pay Pal before they will book the rental in the renter's name.

Think of this from the viewpoint of the owner. What if you (the renter) decide to back out last minute, even for a legitimate reason? What happens to the owner who has paid his maintenance fees and taken the rental off the market?

I would suggest for you on your half to ask for some sort of guarantee from the owner that this is a legitimate rental and that it was not a week acquired through an exchange company such as RCI. If the owner is serious about renting to you and is legit, he should have no problem furnishing you with proof that this is a legitimate week.

Olga E: You will find the recommended steps for a private transaction on this page: Rental Process (https://www.redweek.com/resources/rental-process/private)