Friday, February 24, 2012
State : Texas
I'm looking into renting an apartment or condo in a prime area, the problem is I will not be there often and would love to rent it out as a vacation rental ( VRBO .com) or as corporate short-term housing while I am not using it. Is this possible if I am not the owner?
Any advice on what to look for in a contract? Also insurance coverage?
I understand sub-leasing is generally acceptable, but what about short-term vacation rentals?
Thank you!|||Sub-leasing is generally prohibited; it's not acceptable very often. Check your rental/lease agreement.
If your renters trash the place, YOU are responsible for damages as the primary lessee. I don't think you can even find renters insurance that covers sub-leasing.
Good luck.|||Actually subleasing is typically illegal. This would only be allowed if the landlord agreed to it.
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