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- You MUST HAVE This In Your Lease Arbitrage Agreement! | The STRR Podcast #72 | Tim Hubbard
You MUST HAVE This In Your Lease Arbitrage Agreement! | The STRR Podcast #72 | Tim Hubbard
Summary
This episode of Short Term Rental Riches focuses on lease arbitrage, emphasizing the crucial need for an "out" clause in the lease agreement. This allows hosts to exit penalty-free should performance not meet expectations or regulations change. Additionally, the speaker advises adding the owner as an insured to any commercial liability policies.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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