Last updated on 20th August 2020
Question: I have only been able to let my local lodging unit during the high season. There is now a potential tenant who wishes to rent the apartment from October to May. Can I do this by concluding a contract for the period and then move forward with weekly or biweekly lets in the summer season?
Yes, such a hybrid solution is possible. You will need a rental contract, defining the duration of the agreement as well as delimit any other conditions. In essence, this arrangement is compatible with your proposed summer “AL” activity. However, you will not be able to deduct expenses as you would with a conventional long-term lease.
Dennis Swing Greene
info at madeira-weekly.com
