• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Fisherman's Village in Punta Gorda [moved to it's own thread]

silentg

TUG Review Crew: Expert
TUG Member
Joined
Jul 17, 2005
Messages
6,185
Reaction score
3,260
Points
649
Location
Central Florida
Resorts Owned
Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
Hi Tuggers,
I am thinking of taking over a RTU lease. The lease only has six years on left of use. Does this need to be done like a deed or is there a simpler way to do this?
Does LT Transfers deal with this sort of thing? I only want it for the 6 remaining years as I have too many timeshares already. Any advice ,
good or bad idea?
Silentg
 
Last edited:

theo

TUG Review Crew: Veteran
TUG Member
Joined
Mar 21, 2007
Messages
9,032
Reaction score
2,268
Points
648
Location
New England Coast
Hi Tuggers,
I am thinking of taking over a RTU lease. The lease only has six years on left of use. Does this need to be done like a deed or is there a simpler way to do this?
Does LT Transfers deal with this sort of thing?
I only want it for the 6 remaining years as I have too many timeshares already. Any advice ,
good or bad idea?
Silentg

RTU contracts are not ownerships and are not like deeds. Accordingly, LT Transfers would be of little or no use or value to you in conducting a RTU contract transfer.

RTU contract transfers are generally handled internally at the resort level, so you should probably contact the FL resort directly to inquire about their particular requirements, paperwork and procedures. That call might also be a good opportunity to confirm the end date of the specific RTU contract whose transfer you are considering accepting. There may be transfer fees involved to process the contract transfer (although maybe not; practices vary). The good news of course is that you will have a guaranteed "exit strategy" if there are indeed only 6 years remaining on the existing RTU contract you are considering taking over (...look very closely into contract "renewal" details (if any exist) to ensure that there is not some built-in "auto renewal" from which you would have to actively "opt out" by some specific date).

Fwiw, if you are a beach person, you should perhaps consider that it's about a 45 minute drive to the nearest actual Gulf beach (...Englewood, I think) from Fisherman's Village in Punta Gorda, which is in a sort of "mangrove coast" area. We stayed at Fisherman's Village once for a few days some years back; we found the immediate area to be a real snooze and seemingly in "economic "downturn" at the time --- but the fishing was decent. Hurricane Charley later "blew out" Charlotte Harbor, and the BP Gulf oil well disaster occurred some years thereafter, so I don't really know to what degree the area fishing ever really recovered from those "beatings".
 
Last edited:

silentg

TUG Review Crew: Expert
TUG Member
Joined
Jul 17, 2005
Messages
6,185
Reaction score
3,260
Points
649
Location
Central Florida
Resorts Owned
Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
Thanks Theo, I accidentally put this post in with Oak and Spruce. Also I am staying at Port Charlotte right now and like the snooze ville . I'll let you know what happens, I will not approach the resort, talking to the seller, let them give me info.
Silentg
 

theo

TUG Review Crew: Veteran
TUG Member
Joined
Mar 21, 2007
Messages
9,032
Reaction score
2,268
Points
648
Location
New England Coast
Thanks Theo, I accidentally put this post in with Oak and Spruce. Also I am staying at Port Charlotte right now and like the snooze ville . I'll let you know what happens, I will not approach the resort, talking to the seller, let them give me info.
Silentg

Your prerogative, of course, to simply rely on seller-provided information, but I'd personally want to hear details right from the horse's (resort's) mouth. YMMV.
After all, what 's the harm in a local phone call made directly to the resort, merely for verification of seller representations? :shrug:
 
Last edited:

silentg

TUG Review Crew: Expert
TUG Member
Joined
Jul 17, 2005
Messages
6,185
Reaction score
3,260
Points
649
Location
Central Florida
Resorts Owned
Fitzpatrick's Castle Holiday Homes,
Enchanted Isle.
Just an Update. We now have the timeshare at Fishermen's Village. Have not been there yet officially. We exchanged with another TUG member and went to Ft Lauderdale Beach Resort. Looking forward to staying next year.
Silentg
 
Top