A sub lease is a real property rental agreement between an existing tenant of a property and a new tenant. This sub lease arrangement must be approved by the landlord which, in the case of snow lease properties, would be the park operator.
Purchasing a snow lease property is great if you enjoy the snow and don’t want to worry about finding accommodation during the snow season. The best part is, you can earn rental income for the remainder of the year by sub-leasing the property and even earn rental income at a premium if you decide to rent it out during peak periods.
You won’t have to pay two rents or an expensive fee to get out of the lease contract and the head lessee doesn’t have to bother with having to find another tenant.
If you, as an incoming buyer, wish to block out time for your own use you need to understand that once a booking has been deposited it can be moved if and only if the traveller consents to it being moved.
We recommend dealing with lawyers who are familiar with the conveyancing of snow lease properties.
We can recommend you a great conveyancer so please call us on 1300 889 743 today!