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Escrow - Renting Your Time Share The Safe Way
Some timeshare owners rely on renting their resale in order to pay their maintenance fees or make a payment or two. The system they used relied mainly on trust between the two parties. The owners trusted the renters to send them the money and the renters trusted the owners to provide a hassle free, clean time share to vacation in. Needless to say, this method caused it's fair share of problems.
California Time Share in conjunction with First American Title has created a safe hassle free way for both owner and renter to participate in a rental agreement.
The following bullet points describe the rental escrow service provided by First American Title.
- First, owner and renter must agree on a rental price and to both participate in the program provided by First American Title.
- Second, the owner must complete the online Rental Agreement and Escrow Instructions found here:
- Thirdly, First American Title will then email the potential renters and have them visit their website in order to preview the online form completed by the owner. The renters must then complete their portion of the online form.
- Next, First American Title will then contact each party to collect a $50/non refundable fee for their service. This fee is paid by both renter and owner. The renter is then required to pay 50% of the rental rate previously agreed upon by the owner and renter.
- 60 days prior to the vacation (or sooner depending on vacation date) the renters will pay the remaining 50% of the rental rate to First American Title.
- Approximately 2 weeks after the rental period has
expired First American Title will mail the owners
their payment so long as no complaints have been filed
by the renters regarding the timeshare.
Take Advantage Of The Time Share Escrow Program:
Contact First American Title Insurance
First American Title Insurance Co.
- Transfer/Rental Department
- TOLL FREE U.S. Only - 866-639-9203
- Outside U.S - 702-792-6863
- Fax: U.S. Only - 866-325-5708
- Outside U.S. - 702-562-9760
- E-mail Transfer Department