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Updated almost 8 years ago,
Using Master Lease to Ensure Short Term Tenants
Can someone tell me if this is okay?:
- My PM company (or just me as a person) signs a Master Lease for 1-5 units.
- I sublet each unit (or room) to short term tenants.
- Do they have to leave at the end of their short term, or are they protect by Rent Control?
- If I only pay the owner when I make sub-tenant revenue could the city claim I was trying to avoid rent control laws?
- Is it okay to hold multiple master leases in multiple buildings?