So it isn't a complete waste, you would simply need to follow the strict reading of the law with no private clauses for consideration...I'm not sure how that plays out since technically if the lease is void, so is the tenancy meaning you could terminate anytime and not wait for the original lease expiration...I'm sure that's covered somewhere, but again I'd ask my local atty what to do given this is such a locally specific issue. 

I am originally from Huntsville.

Reaching out to all you note/CFD veterans again.It's my understanding that in certain states, for delinquent/non-performing CFD's, you must go through a standard foreclosure process (once all other methods like forbearance and modification have been exhausted).

Performance Tracking- Monitoring Metrics: We keep an eye on key performance indicators to find areas for improvement and make adjustments.- Managing Cancellations: We review cancellation patterns to minimize future issues.While managing short-term rentals may seem simple to some, it can be a lot of work behind the scenes to ensure every detail is optimized.

Originally posted by @James Rowe:I’m working on my expenses spreadsheet for purchasing my first STR cabin near Gatlinburg.

Even if it was a low performer (which it isn't), isn't it part of the game to reimagine, see the potential and make it a success? 

As for the original post, I think something like this works best if it is concrete: dates (say the last week of July and December), monetary consideration (I would suggest a separate sublet provision wherein you pay them for use, rather than working out rent credits), insurance and liability requirements, etc.

The original plan was to use the equity to build in a few years, but we were blessed with triplets so things got a lot tighter.

If it takes you two months to find a replacement renter, then the original tenant must pay you two months of rent.

It performed well last year and has a proven track record.