If you are a Marriott Vacation Club owner, you may eventually decide that it’s time to transfer ownership. Perhaps you have found that your travel plans have changed, or maybe you want to pass on ownership to a family member. Whatever the reason, transferring ownership is a straightforward process.
Step 1: Understand the Transfer Process
Before beginning the transfer process, it’s important to understand what’s involved. You’ll need to complete some paperwork and pay a transfer fee. Additionally, there may be restrictions on who can own a Marriott Vacation Club property.
Step 2: Contact Marriott Vacation Club
To begin the transfer process, contact Marriott Vacation Club. They will provide you with the necessary paperwork and instructions for completing the transfer.
Restrictions on Ownership
It’s worth noting that there are some restrictions on who can own a Marriott Vacation Club property. For example, in Hawaii, only individuals with Hawaiian ancestry can own certain types of property. Additionally, some states have restrictions on foreign ownership of real estate.
Step 3: Complete the Paperwork
Once you receive the necessary paperwork from Marriott Vacation Club, you’ll need to fill it out completely and accurately. This typically includes information about both the seller (the current owner) and the buyer (the person taking over ownership).
Transfer Fee
There is typically a transfer fee associated with transferring ownership of a Marriott Vacation Club property. This fee will vary depending on factors such as the location of your property and the type of ownership interest being transferred.
Step 4: Submit Paperwork and Payment
Once you’ve completed all required paperwork and paid any necessary fees, submit everything to Marriott Vacation Club for processing. They will review your application and notify you when everything has been finalized.
Power of Attorney
If you are unable to complete the transfer process yourself, you may be able to designate someone else to act on your behalf. This is called granting power of attorney.
Conclusion
Transferring ownership of a Marriott Vacation Club property is a simple process, but it does require some paperwork and fees. If you’re ready to transfer ownership, contact Marriott Vacation Club for instructions on how to get started. And if you’re not quite ready to make a change, remember that owning a Marriott Vacation Club property can provide years of enjoyable vacations and memories.