Dear forum members,
I am new to this forum. Here is the case:
I would like to start a business that is based on renting. I
would like to rent a property from the owner (or property manager) for e.g.: $ 1900
and rent it to tenant (s) for $2500. (I basically believe I can manage to get
better money from tenants than the owner )
To do a single deal I think I will have to have:
a)
Contract with the landlord with his consent to
my intention to rent his house to smb. else than myself (I am not going to live it
that house even a day. This is not `sublease` or `assignment of contract` case, so I can not use it)
b) B) A few contracts with `my tenants`
Q: Did anyone try this type of business model?
Does anyone know more about legal structure of this type of
contract with the landlord? And the tenant?
Thank you in advance for sharing!
David B
I am new to this forum. Here is the case:
I would like to start a business that is based on renting. I
would like to rent a property from the owner (or property manager) for e.g.: $ 1900
and rent it to tenant (s) for $2500. (I basically believe I can manage to get
better money from tenants than the owner )
To do a single deal I think I will have to have:
a)
Contract with the landlord with his consent to
my intention to rent his house to smb. else than myself (I am not going to live it
that house even a day. This is not `sublease` or `assignment of contract` case, so I can not use it)
b) B) A few contracts with `my tenants`
Q: Did anyone try this type of business model?
Does anyone know more about legal structure of this type of
contract with the landlord? And the tenant?
Thank you in advance for sharing!
David B