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 ?
In addition to the premium location and spectacular sea views this project offers, investors can enjoy the option to become part of our rental pool.
We have a rental pool there and we use that as an opportunity for speaking to people about investing.
Ashtead Technology, a global leader in marine technology and subsea services has expanded its equipment rental pool following a significant investment in a state-of-the-art subsea navigation system which has been proven to deliver faster, more accurate results in the toughest environments.
That's partly because changing home-buying behavior has kept higher earners in the rental pool longer, Willett said.
9 property management contracts, short term rental pool homes, in good locations offered for sale.
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.
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.
However, a rental pool arrangement is not a simple contractual arrangement.
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.