Hopefully someone can help me with the legality of this and fighting it.
I have an associate who sold her quarter-share at Grand Residence Club in Lake Tahoe. Marriott claimed it on ROFR.
Original deal was contracted to close Dec 24. But seller hasn't signed or returned documents to Marriott, and deal won't close until end of January. The kicker is that Marriott is trying to claim ownership of the week Dec 25 and evict a paid renter, even though Marriott is not yet the owner of record.
Marriott wants to enforce the contractual usage date, but ignore the contractual closing and funding date. This can't be legal?
Thanks
Tim
I have an associate who sold her quarter-share at Grand Residence Club in Lake Tahoe. Marriott claimed it on ROFR.
Original deal was contracted to close Dec 24. But seller hasn't signed or returned documents to Marriott, and deal won't close until end of January. The kicker is that Marriott is trying to claim ownership of the week Dec 25 and evict a paid renter, even though Marriott is not yet the owner of record.
Marriott wants to enforce the contractual usage date, but ignore the contractual closing and funding date. This can't be legal?
Thanks
Tim
Marriott ROFR claiming ownership before sale closes
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