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Spacebanking Information
What is spacebanking?
Spacebanking is a process in which you give your unit to a company such as
Resort Condominium International (RCI), Interval International (II),
Trading Places International, or
any other company in exchange for a unit somewhere and / or sometime else.
For example, you own the first week in January (Interval 1) here at Club
Tahoe, but you wish to travel to Florida either during interval 1 or
Interval 20. In the great workings of these marvelous companies, they find
someone who has a Florida unit during Interval 20 who wishes to go
elsewhere. So, you give your unit to said company, and in exchange,
you get to go to Florida. Sounds great! Following are a few tips and
guidelines to make your exchanges easy.
1. Make sure that your assessment fee has been paid before spacebanking.
All companies contact us to be sure that your account is current, so you
may even wish to pre-pay your assessment fee to be on the safe side (if
there is a balance due, we will reject your request).
2. Double check your start date and be sure that you give the company the
proper interval / unit number. Also, only you, the owner on the deed, may
spacebank your unit. We must reject requests made by other family members
or friends.
3. Remember that it is your responsibility to be sure that you have not
rented or sold your unit without canceling your trade.
There are several companies that offer spacebanking options.
RCI may be contacted at http://www.rci.com.
Some important information that they need to know is that our resort
identification number is 0193. There is a membership fee to join RCI.
Because we have the Resort of International Distinction award with RCI and
Lake Tahoe is a popular place, it is relatively easy to trade.
II is also a popular choice, please visit their web site http://www.intervalworld.com.
Trading Places International currently offers
exchanges with no membership fees, along with other specials, please
visit their web site http://www.tradingplaces.com.
Webmaster:
club-tahoe@sbcglobal.net
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