Listing Agreement for MayanRental
Terms Used
The Owner: The timeshare ownerRegistered Weeks: Generally refers to the weeks you have to pay for even if you don't use them (only applies to units purchased prior to 2008.
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 we send you the balance due (minus the maintenance fee if we paid it).
- we do not send the final paperwork to the renter until we get the final payment.
Cancellation Policy
Our cancellation policy is for a full refund (minus our $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 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 and it's employees
- The Owner may remove any week from being listed at any time unless the week has already been committed to a renter by MayanRental for rental
- To prevent delays in getting paperwork to renters, the owner agrees to forward all confirmations for rented weeks immediately to: John@mayanrental.com or 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 Owner Rates
MayanRental basically charges a 20% commission except for studio units where the rate is slighly higher.
All rates assume the owner pays the maintenance fee. If MayanRental pays the maintenance fee, it will be
deducted from the amounts listed below.
Note: If MayanRental pays the maintenance fee before the rate goes up for a
given year, the owner must pay the up charge.
Below are the net rental fee to owner after listing fee. Lately,
Mayanrental has had to discount weeks. A discounted owner amount will be agreed to by the owner prior to booking.
| 2012 Mayan Palace & Sea Garden | 2012 Grand Mayan | 2012 Holiday Mayan Palace | |
|---|---|---|---|
| 2 Bedroom | $955 | $1430 | $1350 |
| 1 Bedroom | $755 | $1170 | windfall rules apply |
| Studio | $525 | $625 | $windfall rules apply |
| 2 Bedroom Split | $1180 (For both halves; see windfall below) | $1680 (For both halves; see windfall below) | N/A |
Scroll down for Luxxe Rates
Windfall Profits and Split Units
Windfall Profits: 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 2012 for example, when a Grand Mayan 2 BR is split, the income is $2290 instead of the usual $1790. This $500 extra will be split $250 to the owner and $250 to MayanRental. 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: Therefore, 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.
Grand Luxxe Rates
If Rented as Grand Mayan or Grand Bliss units, then the windfall profit rules above apply.| 2012 Grand Luxxe Villa | 2012 Grand Luxxe Condo (Suite) | |
|---|---|---|
| 2 Bedroom | $2150 | $2000 |
| 1 Bedroom | 1590 | $1590 |
| Studio | 1030 | $870 |
| 2 Bedroom Split | $ see windfall above | $ see windfall above) |