What type of earnings on my property can I make?
- Periodic – A periodic tenancy refers to an arrangement in which the tenant occupies a property on a periodic The tenancy may be set on a week-to-week, month-to-month, or year-to-year basis. For example, if the owners live out of the country for a certain amount of months and the home is unoccupied it can then be rented for that period until their return.
- Short Term – A short term rental refers to an agreement in which the tenant occupies a property for a minimum of 1 week up to 6 months. The rental cost is typically higher than a long term rental due to the short stay.
- Long Term – A long term rental refers to where at least a 1 year commitment is agreed upon.