Whether you are transferring your timeshare, or gifting it to a family member, it’s important to know what to do. In order to avoid complications, it’s best to work with a reputable timeshare title transfer company.
The first step is to prepare a new deed. You will want to make sure that it is specifically for Florida law. It will also serve as proof of ownership.
You may want to hire a real estate attorney to help you with the transfer. This is especially true if you own a timeshare that is located in different countries. This is because there are specific legal requirements in the countries you are trying to transfer your timeshare to.
In addition to the deed, you will need to complete a membership application. This form should include details about the week and season of timeshare occupancy. It will also need to include the new owner’s contact information.
You will also need to notify the resort. This can be done by mailing or emailing the appropriate documents. Some resorts will have a separate form for transferring your timeshare. You will also need to notify your lender of the change in ownership. This can be tricky since some locations charge 10%-30% interest on late payments.
While you are at it, you may want to hire a professional for the most important part of the timeshare title transfer process – the closing. A licensed closing company can handle all of the above mentioned steps.