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rental pool |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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