April 2, 2025
I(we) ("Owner") hereby authorize Capital Vacations Resort Management II, LLC, formerly known as SPM Resorts, LLC, (hereinafter referred to as “CVRM”) to rent my (our) Unit/Week owned, as designated above, for the use year of , in accordance with, and subject to, the other provisions contained in this Rental Agreement (“Agreement”).
CVRM will utilize its best efforts to achieve the highest and best achievable rate available in CVRMs’ sole discretion. It is further agreed that by entering into this agreement, Owner acknowledges the Unit/Week designated above may not be used for any other purpose, subject to those provisions contained herein. It is understood and agreed by both parties that CVRM does not guarantee the rate of rent charged or the rentability of said Unit/Week.
Owner expressly grants CVRM the right to contract with independent travel agents, online travel agents, and others (collectively referred to as “Agencies”) to assist in the marketing and promotion of rentals. In such cases, additional “Agency Fees” may apply (For example: 20% Expedia and 15% Booking.com). Please see additional Rental Revenue examples and deductions, included in the “Rental Procedures” which are located on the reverse side of this Agreement and which are incorporated herein by this reference. Owner will be responsible for any and all Agency Fees and credit card processing fees, if applicable. A rental commission will be charged by CVRM if the Unit/Week is successfully rented.
Owner is obligated to call not less than fourteen (14) days prior to the assigned Unit/Week to determine the status of Unit/Week. If the Unit/Week or any part thereof has not been rented, Owner may remove the unused portion from this exclusive Rental Agreement and deposit the unused portion of the Unit/Week with an exchange company or may use alternatively, as deemed appropriate by the Owner.
Owner understands and acknowledges that CVRM is the exclusive rental Agent for the Unit/Week listed above. Owner has read this Agreement and the Rental Procedures, and Owner expressly represents that it understands this Agreement in its entirety, and consents to all of the provisions contained within it. Owner further agrees to the exclusive renting of the above referenced Unit/Week, by CVRM, in accordance with this Agreement and the Rental Procedures.
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CAPITAL VACATIONS™ RENTAL PROCEDURES
IMPORTANT NOTE
Capital Vacations recommends returning the Rental Agreement as early as possible. While Capital Vacations cannot guarantee rental of your Unit, the likelihood of finding a successful renter increases based on the amount of time that your Unit is marketed as available for Rent.
Example:
Total Unit/Week Rental Revenue:
CVRM Commission Rate:
CVRM Commission breakdown - X =
Deductions from Unit/Week Rental Revenue:
CVRM Commission () =
Credit Card Processing Fee (4%) =
Booking.com commission (15%) =
Rental Revenue to Owner:
(total revenue) - (CVRM Commission) - (CC Fee) and (Agency Fee) = (Total Rental Revenue to Owner)