Updated almost 3 years ago on .
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Rental Arbitrage Contract
For the first time I am leasing a property I own to a business who is looking to lease our property and then turn around and do short term rentals with it. The municipality allows it but I am looking for additional terms to put in the lease that will protect the Landlord given the nature of the business and having many sub-tenants. Does anyone have any experience with this and what types of provisions should I make sure are included? Thanks in advance.
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Interesting scenario.
I would personally not allow this in my properties, as I wouldn't have control over who is coming and going. However, I would consider this if the lessee pays me a premium.
Just my take on it, I've heard of others who have done it and it has gone well.