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Before you buy a second home, get clear on how you want to use the property. ... You could buy a home to flip and sell for a profit or use it as a short- or long-term rental property. Vacation ...
Laws and regulations surrounding short-term rentals can vary by location, so it's important to research and consider potential limitations before purchasing a second home to lease out. While a ...
Purchasing a vacation home or secondary residence often seems like a dream come true. But before getting carried away in fantasyland, prudent buyers must do the legwork. Doing so helps ensure your...
The lease purchase agreement expounds upon what responsibilities the tenant/buyer and landlord/seller undertake during the course of the lease. This contract should describe any option fee and how much of the monthly payment will be credited to the down-payment for the purchase of the home at the end of the lease. At the end of the lease-term ...
A holiday cottage, holiday home, vacation home, or vacation property is accommodation used for holiday vacations, corporate travel, and temporary housing often for less than 30 days. Such properties are typically small homes, such as cottages , that travelers can rent and enjoy as if it were their own home for the duration of their stay.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the rental, and the ...
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