Common use of Question Clause in Contracts

Question. What happens if my unit does not rent? Answer: If there are any days in your week that do not rent, you may remove them from the rental program at anytime prior to the arrival date to utilize yourself, but you must call in advance to notify us so proper arrangements can be made. Question: Am I required to pay taxes on rental proceeds? Answer: Rental proceeds are taxable per the Internal Revenue Service. For U.S. Citizens, gross rental income of $600 or more will be reported to the IRS on Form 1099-MISC. For Non- Resident Aliens, all gross rental income will be reported to the IRS on Form 1042-S. Question: Am I guaranteed rentals? Answer: No, unfortunately we cannot predict the rental demand. We use the power of a national rental program to provide national, regional and local advertising programs to our client resorts to maximize rental inquiries. However, some time periods rent better than others, and some resorts are in higher demand. Therefore, rental results will vary.

Question. What happens if my unit does not rent? Answer: If there are any days in your week that do not rent, you may remove them from the rental program at anytime prior to the arrival date to utilize yourself, but you must call in advance to notify us so proper arrangements can be made. Question: Am I required to pay taxes on rental proceeds? Answer: Rental proceeds are taxable per the Internal Revenue Service. For U.S. Citizens, gross rental income of $600 or more will be reported to the IRS on Form 1099-MISC. For Non- Non-Resident Aliens, all gross rental income will be reported to the IRS on Form 1042-1042- S. Question: Am I guaranteed rentals? Answer: No, unfortunately we cannot predict the rental demand. We use the power of a national rental program to provide national, regional and local advertising programs to our client resorts to maximize rental inquiries. However, some time periods rent better than others, and some resorts are in higher demand. Therefore, rental results will vary.

Question. What happens if my unit does not rent? Answer: If there are any days in your week that do not rent, you may remove them from the rental program at anytime prior to the arrival date to utilize yourself, but you must call in advance to notify us so proper arrangements can be made. Question: Am I required to pay taxes on rental proceeds? Answer: Rental proceeds are taxable per the Internal Revenue Service. For U.S. Citizens, gross rental income of $600 or more will be reported to the IRS on Form 1099-MISC. For Non- Non-Resident Aliens, all gross rental income will be reported to the IRS on Form 1042-S. Question: Am I guaranteed rentals? Answer: No, unfortunately we cannot predict the rental demand. We use the power of a national rental program to provide national, regional and local advertising programs to our client resorts to maximize rental inquiries. However, some time periods rent better than others, and some resorts are in higher demand. Therefore, rental results will vary.