Can the property be rented or leased?
Yes! There are no restrictions on leasing or renting your property out. In fact, many of the homes in this area are rented out during the year for a week or month at a stretch. This is actually an excellent opportunity to recoup the cost of the property, or at very least cover the overhead cost of maintaining the property. If you check on weekly or monthly rental property in Rio or timeshare costs, you will see that properties in this area generate between $2000-$5000 USD / month. The rates, of course, increase depending on the location (OCEAN FRONT OR LAKE FRONT PROPERTY) and the time of year (Carnival is typically in late January or February). However, the climate in Rio is sufficient to generate interest year-round.
Related Questions
- In order to bullfrogpower my leased or rented premises, will I need to convince my property manager and fellow tenants to also become bullfrogpowered?
- Who is responsible for music licenses for rented/leased areas such as meeting/banquet rooms, reception halls, or ballrooms?
- Can the property be rented or leased?
