Trade Market Rentals?

[Kim H.]

Has anyone ever rented a property to individual trade market booths (i.e. crafts, boutique shops, etc)? I have a small office building in a rural area outside of the DFW area that I can't sell and I can't get another tenant in. However, the building is next door to a large trade mart that is open only on the weekends and draws a big crowd. My parents have been using the building between tenants to sell re-sale antiques (free rent of course, but saves me from having to have vacant property insurance). Several of their customers have come in and asked if I would rent individual spaces so they can sell their goods.

I have calculated that renting each office to individuals on a monthly, or even weekly (setup, take down) basis, will make a lot more $$$ than I was making with my last tenant.

Has anyone ever done this? Are there any special rules or guidelines? I know that each individual booth needs to provide proof of a state issued re-sale certificate, but what else?