Whether you are gifting your timeshare or transferring it to a family member, you will need to follow the procedures outlined by your timeshare management company. Your resort may require you to fill out a transfer form and pay a transfer fee. You also need to make sure your timeshare title is updated to meet the regulations of your new country.
Transferring your timeshare is a complicated process. It can take a few weeks to complete, depending on where you live. It is important to hire an attorney to guide you through the process. You may also need to consult with a real estate lawyer in your country.
Before you begin the transfer process, you need to make sure your timeshare is registered as a trust property. This is important, because if you try to sell your timeshare later, your new buyer may not be able to buy it.
It is also important to check your membership fees, as well as your maintenance fees. If you are not able to keep up with the payments, you may want to enlist the help of a family member. They may also be willing to take over your timeshare responsibilities.
Once you are ready to transfer your timeshare, you need to fill out a transfer application and send it to your timeshare management company. You will also need to have a new deed prepared and submitted to your county clerk’s office.
Depending on where you live, you may need to wait several weeks for the transfer process to complete. This is because each county has different recording requirements. If you email your closing documents, you may be able to reduce the time it takes.