From Owner: How do you handle the damage cost if the renter did it to your unit?

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Original Message:

From Owner: How do you handle the damage cost if the renter did it to your unit? (by Mike N.):

jayjay wrote:
It very seldom happens and I've been reading timeshare forums for almost 10 years ... even though the resort gets a credit card imprint from the renter, if the renter does damage and they refuse to have their credit card charged or they successfully dispute the charge with the credit card company then the ultimate responsibility for the damage is the owner.
Unfortunately what jayjay says is true, the owner is ultimately responsible for the unit. You can ask for a security deposit, I'm guessing many renters will balk and go somewhere else, especially since the deposit would have to be several hundred dollars to cover any potential damage.

Make sure your contract with the renter indicates that he/she is responsible for any damage. While this doesn't solve the problem, it would be an asset if there is any major issue that results in a civil action.