rental pool

rental pool

An arrangement in which condo owners or other such ownerships in a large community agree to make their units available for rental by a common leasing agent or property manager according to the good business judgment of that agent and then to all share in the overall revenues and expenses according to a predetermined formula. The arrangement may constitute a security under federal securities laws and require registration and appropriate disclosures.

References in periodicals archive ?
Becoming part of Unique Group will allow us to invest further in our rental pool and ensure that we have all the skills and equipment to meet our clients' needs now and in the future.
Mr Moroney said: Becoming part of Unique Group will allow us to invest further in our rental pool and ensure that we have all the skills and equipment to meet our clients needs now and in the future.
Each unit will be fully serviced, including a fitted kitchen, and can be placed in the company's rental pool programme.
In addition to the fully furnished units, with concierge, restaurants, gymnasium and a children's play area, units within Naia Tenora can also be added to a rental pool, offering a fully managed solution for investors looking to tap into Dubai's tourism and hospitality market.
Two already constructed cabins on the rental pool will be combined with any sale.
Citing the fact that Damac Maison Dubai Mall Street has 226 of its 355 units in the rental pool already after just 16 months of operations (at the time of going to press), Niall McLoughlin, senior vice president -corporate communications and investor relations at Damac Properties reflects on the company's transition into hospitality as a success.
com)-- Crowdinvesting real estate company Property Pool opened its first rental pool, letting individual investors access the Single Family Rental (SFR) space for the first time.
Developer's quality design and craftsmanship, combined with its convenient on-site management and rental pool programs, make for extraordinary investment opportunity--
Damac further said that investors can also enter their unit into a rental pool, fully managed by Damac Maison, the luxury hospitality division of Damac Properties, and earn rental returns on their residence.
Finally, for those who want to buy a strong property asset abroad largely for investment purposes, the approach of targeting a globally branded project such as the Champneys Marbella Spa Resort and placing your investment into a managed rental pool might be the ideal way to invest.
The action is against Ashford Castle Holdings Ltd, Ashford Castle Owners Association Inc and Ashford Castle Rental Pool Inc.
The rental pool has all ongoing costs built in - from management fees to maintenance and even any refurbishment required.