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Renting Out Your Holiday Home: A Guide to Maximizing Use and Income

Owning a holiday home offers the best of both worlds—a private retreat and the potential to generate extra income. If you're looking to rent out your property for part of the year while keeping it available for your own holidays, there are some flexible options that can suit your needs.

One popular choice is to opt for a short fixed-term tenancy. This allows you to rent your property for a specific period, such as 90 days or less, with the tenancy ending automatically at the agreed-upon date. This arrangement ensures that no further notice is required to end the tenancy—the property becomes available for your personal use as soon as the term ends.

To set this up, both you and your tenant must agree in writing before the tenancy begins that it will end on a specific expiry date. This offers peace of mind, knowing exactly when the property will be available for your holiday plans.

Additionally, other rental options exist to help you strike the right balance between income and personal use, so you can enjoy your holiday home when it suits you.