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How Should I Describe the Payment Terms when Drafting a Timeshare Rental Contract?

Payment terms should be spelled out very clearly when drafting a timeshare rental contract. It should be made clear whether the full rental payment will be made in one time or in instalments, and what will be the dates of payment of each instalment. It should be either an advance rental payment, or the money can be retained in escrow and released to the timeshare owner after the renter's stay is completed. The mode of payment should be clarified in the contract, whether it is to be made by money order, Paypal, personal check or a certified check from the bank. For more info, see Reviewing the Timeshare Rental Contract: 4 Essential Points