Tuesday, November 17, 2009

Owning a Lock-off Timeshare Unit

When a timeshare condominium has a middle door that can “lock” the unit in half, this is referred to as "lock-off." There are many advantages to owning this type of unit, also known as a lockout. Because it can be divided into two separate sections, the owner has several options if they decide to rent out their unit:

Lock-Off Rental Options
  • Rent the entire unit to one party

  • Stay in one half of the unit themselves and rent out the other half

  • Rent out both halves to two different parties
While the complete timeshare unit may have a full kitchen and laundry facilities, the lock-off portion will likely look more like a hotel room - with one room, a bathroom, and possibly a small kitchenette. If you are considering renting a timeshare lock-off, make sure to have the owner confirm the unit size and amenities that will be included in writing so you know how large your rental is. If you are considering renting your lock-off, please be clear in your rental posting as to what is included and which half of the unit is for rent.

2 comments:

  1. Anonymous10:23 AM

    We didn't know about this lock off thing and ended up renting a timeshare with no kitchen. very annoying - Wish we'd seen this article fist.

    ReplyDelete
  2. Anonymous4:20 PM

    Owning a lock-off unit has worked great for us because the smaller room is used by my mother-in-law and we all can enjoy privacy.

    ReplyDelete