Timeshare rental rules - what do you need to be aware of?
When you as a landlord want to rent out your property on a fixed-term basis, there are certain rules you need to follow. It's important to be aware of these rules to avoid potential legal issues in the future.
First of all, it's important to point out that only in special cases is fixed-term letting of an owner-occupied property allowed. You must have a valid reason for limiting the rental period and this reason must be stated in the rental contract.
The reasons that are generally accepted are the following:
- The landlord has an expectation of living in the property themselves
- The landlord has a desire to sell the property later
- If the landlord needs to work temporarily abroad or elsewhere in the country.
- The landlord is travelling
- If the condominium or co-operative has a condition in their bylaws that only allows rentals for a limited period of time
However, it is important to emphasise that these are not the only reasons that can be approved. It is always a case-by-case assessment, and there may be other circumstances that can justify a fixed-term rental of an owner-occupied property.
If you want to time-limit the rental of your owner-occupied property, you can do so under certain conditions. However, always make sure you have a valid reason and write it in the rental contract to avoid any problems later on.
Of course, this will only be a problem if the tenant challenges the time limit and if you find a tenant who has no intention of staying, there are no challenges. At LejeMægleren we have a large network of companies, embassies and expats who need rental properties for 1 to 5 years, so with this profile of tenant, you're unlikely to face any challenges in gaining control of your property.
