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Maintenance Fees on Rented Points

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    • #277
      Rob O
      Participant

      This may seem like a paranoid question, but I'll ask anyway. Does Marriott Vacation Club require that maintenance fees are all paid on any points rented and transferred. Logic tells me that they wouldn't transfer points unless fees have been paid.I am interested in renting some 2016 points (I've never rented points) and I would rather be safe than sorry.

    • #804
      Fasttr
      Participant

      Good question.  Since points can be transferred prior to the time that maintenance fees are due, as a general rule, they don't tie you down to paying your MF's prior to transferring your points.  That said, if for example it is in mid 2015 and you had not paid your 2015 MF's yet, could MVC refuse to allow you to transfer your points.  I guess they could.  That said, in your situation, since you are renting 2016 points, there is no way that anybody has already paid their 2016 MF's (as they haven't been billed yet), so that would certainly not be a restriction that you would need to worry about for the transaction you have outlined.   

    • #805
      Rob O
      Participant

      That said, in your situation, since you are renting 2016 points, there is no way that anybody has already paid their 2016 MF's (as they haven't been billed yet), so that would certainly not be a restriction that you would need to worry about for the transaction you have outlined. 

      Now, another concern pops up.....what if I were to rent 2016 points and the renter ultimately did not pay their 2016 maintenance fee after the transfer?I wonder if the 2016 points could even be transferred at this early a date?

    • #806
      Rob O
      Participant

      Now, another concern pops up.....what if I were to rent 2016 points and the renter ultimately did not pay their 2016 maintenance fee after the transfer?I wonder if the 2016 points could even be transferred at this early a date?

      I just got this from Marriott site....still has me wondering about acquiring 2016 points prior to 2016 maintenance fee payment?Transferring Vacation Club Points (from Marriott):You may transfer some of or all of your Vacation Club Points to another Points Owner or Enrolled Owner.Both the Owner who is transferring the Vacation Club Points and the Owner who is receiving the Vacation Club Points must be current on all maintenance fees and Club Dues in order to complete the transaction.Transferred Vacation Club Points will retain the Use Year parameters of the Owner who transferred them.Once transferred, Vacation Club Points may not be banked, borrowed, transferred to another Points Owner or Enrolled Owner, or traded for Marriott Rewards points.

    • #807
      Fasttr
      Participant

      Now, another concern pops up.....what if I were to rent 2016 points and the renter ultimately did not pay their 2016 maintenance fee after the transfer?I wonder if the 2016 points could even be transferred at this early a date?

      They can be transferred.  I rented what 2016 points I needed back in June of 2014.  Once the points have been transferred into your account, they are your points to use.  Even if the person you rented them from did not pay his MF's for the future year that you are renting, the points in your account are secure.  Look at it this way as exaggerated comparison.  You can borrow points from 2016 and use them for a vacation in 2015.  When your 2016 MF's roll around, if you don't pay them, MVC can only come back after you for payment, they can't take away the vacation that you already took.  MVC allows for usage prior to paying MF's.  I don't believe all timeshare companies allow this, but MVC always has.I don't believe you have any concerns.   

    • #808
      Fasttr
      Participant

      I just got this from Marriott site....still has me wondering about acquiring 2016 points prior to 2016 maintenance fee payment?Transferring Vacation Club Points (from Marriott):You may transfer some of or all of your Vacation Club Points to another Points Owner or Enrolled Owner.Both the Owner who is transferring the Vacation Club Points and the Owner who is receiving the Vacation Club Points must be current on all maintenance fees and Club Dues in order to complete the transaction.Transferred Vacation Club Points will retain the Use Year parameters of the Owner who transferred them.Once transferred, Vacation Club Points may not be banked, borrowed, transferred to another Points Owner or Enrolled Owner, or traded for Marriott Rewards points.

      When they mean current, they mean that if the 2015 MF's have been invoiced and are due, theoretically they could prevent you from transferring points until you paid them (that was my example from above post).  But since they do not invoice 2016 MF's until Dec 2015 or Jan-Feb 2016 depending if they are Trust or Legacy points based, there is no way to have paid them.  MVC won't even allow you to pay them early.  So current means that you have paid all the fees that are currently invoiced and due. As for the points retaining the Use Year parameters of the original owner, that simply means that if you have non calendar Use Year points (say your Trust points run from Oct-Sept) and you rent Legacy points (with a calendar Use Year), the rented points would maintain that calendar Use Year, so you could have points with 2 different Use Years in your account.  I encounter this all the time....you just have to make sure you know when you plan to use the points and are able to manage multiple Use Year start and end dates.  If you have only Legacy points and are renting Legacy points, its a non issue. 

    • #809
      Rob O
      Participant

      Thanks so much, Fasttr, you're a great resource.The ability to rent points is a nice benefit of being an owner....I'm going to rent some 2016 points in the not too distant future.Thanks again!!

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