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Updated almost 3 years ago on . Most recent reply
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Renting a house with a pool
I have a house with a pool and we are looking to upgrade to a larger home in the same city as we live in. I hear about liabilities for home owners renting a house with a pool. Is there some kind of clause that we can add to the rental agreement that will protect home owners in case of an accident? We have a gate installed around the pool for safety but there are always ways for children to go past it. In case it matters, the house is worth between 900k to 1M and currently has a loan balance of 75k. I would take a cash-out refinance in the event we buy another house and decide to rent this house. Please let me know the pros and cons of renting vs selling the house.