9:43 AM, 27th July 2022, About 2 months ago 11
Hello fellow hard-working property providers, We have a holiday let (5 bed 2 bathrooms) next door to where we live. Currently on Airbnb and doing well. Purchased by us (not in a company structure).
We’ve been offered the opportunity to have the (reputable) golf club across the road ‘manage it’ (still early talks but effectively sub-let it I’m guessing would be the best way to go). They want it for tournaments, wedding guests etc… handy for golfing holidays…
I, therefore, imagine from an insurance point of view that it would be us/holiday let seen as a business renting to another business. Are there any pitfalls ref insurance we should look out for? Any brokers who deal with this kind of thing?
Contract-wise, any good templates…. And is it a good idea? At the moment we can offset our mortgage payments using the holiday let tax relief structure… would that change?
We have managed long-term lets for years but this is a new one for me and I fear I may be missing something obvious…
By the way, is there a contract that allows us to use the property for a handful of days a year? And any clauses re noise/disturbance you know are robust. As you can see I’m all at sea….