Key Takeaways. Rental pools are agreements between multiple parties to divide the use of a resource. Rental agreements are typically created in real estate for tax purposes because it enables participants in a pool to deduct taxes from passive income.
You would need to have an attorney review your lease. Most leases prohibit the tenant from installing ``fixtures'' to the rented property without the landlord's permission. A swimming pool can be considered such a fixture and a landlord may be within her rights to prohibit the installation.
Depending on where you live, your home association may prohibit you from renting your pool. And some local ordinances may fine you for doing so. For example, officials in Toms River, a township in New Jersey, handed out $2,000 fines for homeowners who listed their pools.
Typically, rental pool agreements, the terms of which vary, are commonly associated with real estate. The arrangements resemble timeshares, in that multiple parties divide up the use of the property as well as any associated expenses, such as rent and maintenance.
Boosting the Value of Your Short-Term Rental with a Pool. A pool isn't just a water feature; it's an investment in your property's value. From increased booking rates to positive reviews and repeat guests, a well-maintained pool can be a game-changer.
The answer is yes but there are a few key considerations to remember. While a swimming pool is a unique selling point and enhances the appeal of your rental property, it also comes with significant responsibilities.