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Listing Agreement for MayanRental.com
Terms Used
The Timeshare owner is referred to as “The Owner”
Registered Weeks: refers to the weeks you have to pay for even if you don’t use them
Vacation Fair Weeks: refers to the weeks you pay for only if you use them.
Usual Booking Process:
When a renter is identified, We book the week and add their name as a guest
We send only the confirmation number to the renter.
You send me the confirmation papers / electronic notice when you get them.
45 days or more before the week booked, the renter makes the final payment and I send you the balance due (minus the maintenance fee if I paid it).
I do not send the final paperwork to the renter until I get the final payment.
Our cancellation policy is for a full refund (minus my $100 processing fee) if they are before the cancellation deadline (45 days before check in) and no refund if they cancel after the cancellation deadline.
The cancellation policy late in the year is different. The final payment / cancellation deadline for November/December bookings is September 1.
Note: We have a 15 day buffer built into the cancellation deadline. If the renter cancels, we have lots of time to cancel your week.
We can reschedule it if it is a registered week. We can reschedule or get a refund if it is a vacation fair week.
we hold the deposit until after the final payment is made.
MayanRental.com Rights and Responsibilities
We will rent ONLY the weeks submitted on the Listing Form
We will notify The Owner of every rental that is booked within a week
We will adhere the Booking Process listed above.
We will make payments as outlined in the Rates and Fees section in the schedule as outlined in the Booking Process above.
We will make every effort to act in the best interest of the Owner.
Owner Rights and Responsibilities
The owner agrees to allow their timeshare weeks to be rented out by
MayanRental.com
The Owner may remove any week from being listed at any time unless the week has already been committed to a renter by
MayanRental.com for rental
To prevent delays in getting paperwork to renters, the owner agrees to forward all confirmations for rented weeks immediately to:
MayanRental.com
c/o John Jameson
6434 Sunfish Lake Ave.
Rockford, MI 49341
Fax: (512) 366-9941
The owner agrees to the rental rates listed below. It is understood that the Maintenance Fee is deducted
from the amount due to the owner.
MayanRental.com Owner Rates
All rates assume the owner pays the maintenance fee**
Mayan Palace and Sea Garden:
2008 Net rental fee to owner after listing fee:
2 Bedroom: $945
1 Bedroom: $745
Studio: ; $525
2009 Net rental fee to owner after listing fee:
2 Bedroom: $955
1 Bedroom: $755
Studio: ; $525
Grand Mayan:
2008 Net rental fee to owner after listing fee:
2 Bedroom: $1310
1 Bedroom: $1110
Studio ; ; $625
2009 Net rental fee to owner after listing fee:
2 Bedroom: $1370
1 Bedroom: $1170
Studio ; ; $625
Holiday Mayan Palace
2008 and 2009 Net rental fee to owner after listing fee:
2 Bedroom: $1675
1 Bedroom: $1280
Studio ; ; $725
New Contract Language
Windfall Profits and Split Units
When we at MayanRental use the owners week to generate more income, the excess (windfall) profit will be split between the owner and MayanRental.
In 2009 for example, when a Grand Mayan 2 BR is split, the income is $2290 instead of the usual $1690. This $600 extra will be split $300 to the owner
and $300 to MayanRental. This will also apply to early booking fees paid to Profile A plus owners and ocean front guarantees for
Profile A owners. This will also apply when normal Grand Mayan weeks are able to be used to book holiday weeks or Mayan Palace
weeks are used to book Cabo Grand Mayan.
Split Units: Likewise, when a two bedroom Grand Mayan is split into a one bedroom and a studio, the owner will get $1670 (instead of $1370). When a Mayan Palace is split into a one bedroom and a studio, the owner will get $1180 (instead of $955). This will not be paid until the second half is booked, to prevent confusion about how the maintenance fee is apportioned.
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