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Pinestead-Reef Resort, Traverse City, Michigan

Name, Address & Lease Changes


 

Call Bridget Orr at 800-968-1302 ext. #403

Marriages: A wife can automatically be added to a lease.  There is no requirement to do a lease transfer and record the change at the Register of Deeds office but, you should contact us.  A husband (with the wife as original owner) can only be added to a lease by performing a lease assignment and having the lease names changed and recorded with the Grand Traverse County Register of Deeds.  The fee for this is $75 per lease.

Divorces:  An Assignment of Lease must be done, changing the leaseholder name(s) to the new (single) owner.  A copy of the divorce decree clearly indicating timeshare ownership must be provided, or a quit claim deed conveying ownership to the new (single) owner must be provided.  The fee for this is $75 per lease.

Death of an Owner(s):  A spouse automatically retains full ownership when their spouse becomes deceased.  Any other (related or non-related) owners on the lease retain ownership.  There is no need to do a lease transfer in these cases, unless the remaining party or parties wish to transfer ownership (to a beneficiary or heir, for example) or add a new owner to the lease. In such cases, an original copy of the Death Certificate (with raised seal) needs to be provided and an Assignment of Lease needs to be done.  Executor's of an owner's estate must provide us with a copy of the "Letter of Authority for Personal Representative."  The fee for this is $75 per lease.

Transferring a Lease to a Trust:  An Assignment of Lease needs to be performed, and the lease (with the trust as the new owner) would need to be recorded at the Grand Traverse County Register of Deeds.  We will need the legal name of the Trust.  The fee for this is $75 per lease.


ADDRESS & PHONE NUMBER CHANGES:

 Call Bridget Orr at 800-968-1302 ext. #403  OR
 E-Mail new address or phone number   OR
 Fax new address or phone # Attn: Bridget to 231-947-0255 (fax)

 


Pinestead-Reef Resort, Traverse City, Michigan

Pinestead-Reef Resort
1265 US 31 North
Traverse City, MI 49686
PHONE: (231) 947-4010
FAX: (231) 947-0255
1-800-968-1302 | owners@pinestead.com