~ Rental Use Program ~

Rental Use Program Details: The split is 60/40 net the of rental revenue received. Owners receive 60% of the net rental revenue as a credit to their owners' account. Indian Peaks Owner's Association will receive 40% of the net for managing the rental stay. Indian Peaks is required to pay rental taxes to the county and commissions to any third-party reservation site used to advertise and book your rental week. Indian Peaks will advertise your vacation rental directly and on third party rental sites like VRBO, AirBnB, and Expedia to maximize your rentals exposure. Please note, third party rental sites require a commission to advertise and such commissions will be split between the owner of the week and Indian Peaks equally. Such commissions may be as little as 10% or as high as 25% depending on the booking site from which a rental guest utilizes. Indian Peaks will adjust rates and nightly minimums based on the market and maintain a two-night minimum.

Net rental revenue will be credited to your owner’s account and will be paid by the 15th of the month following the reservation’s departure date or as soon as we get paid. Details of any rental revenue received will be posted to your owner's account and accessible via your online Indian Peaks owner portal. If you need details as to how to access your online owner's portal, please let us know and we would be happy to provide you with further instruction.

Please note that in alignment with the Internal Revenue Service, any rental revenue credits that exceed $600.00 will require a W-9 be filled out, and funds will be held until said documentation is on file accordingly. Indian Peaks will notify you should rental funds exceed the IRS individual limit and provide you the necessary paperwork for completion.

By agreeing to place your week into the Rental Use Program, you are acknowledging that the interval week is no longer available for deposit with any exchange companies, as any interval week added to the program cannot be sold in duality, or overbooked. You are also waiving your right to the use of your interval week at Indian Peaks or the ability to place your own rental guest.

If you agree to the terms and conditions above, please respond in confirmation of said terms and condition as to info@indianpeaks.org, subject line Rental Use Program Confirmation. Once confirmation is received we will place your week into the Rental Use Program.