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Renting out car space - a few Q's?

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  • 19-07-2009 7:40pm
    #1
    dave13
    Registered Users Posts: 811 ✭✭✭


    Hi
    I'm planning on renting out my car space in the city centre. Can anyone advise on a few questions?

    1. Is a formal lease expected, or can I just say its a certain amount a month cash in hand?
    2. What ID etc. should I be asking for?
    3. Is there tax implications to the income?

    Thanks.


Comments

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    #2
    Victor
    Registered Users Posts: 78,400 ✭✭✭✭Victor


    There are some agencies that handle stuff like this. They'll have leases, procedures, etc. in place.
    Ares wrote: »
    1. Is a formal lease expected, or can I just say its a certain amount a month cash in hand?
    Well what happens if there is, say, a fire? Who's responsible? A lease would be handy is such a case.
    2. What ID etc. should I be asking for?
    thats really for you to decide, depending on the type of property. there is only so much that can go wrong.
    3. Is there tax implications to the income?
    You just declare it at the end of the year.


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    #3
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Are you in an apartment development. If so your lease won't allow you to rent the space out and your tenant may get clamped.


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    #4
    Ste.phen
    Registered Users Posts: 2,808 ✭✭✭Ste.phen


    athtrasna wrote: »
    Are you in an apartment development. If so your lease won't allow you to rent the space out and your tenant may get clamped.
    That depends on what the residents have agreed with the clamping company, plenty of places do allow the spaces to be sublet (though i wouldn't agree with it myself if i lived in such a place - wouldn't want people coming and going from the carpark if they're not residents)


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    #5
    dave13
    Registered Users Posts: 811 ✭✭✭dave13


    Lease doesnt mention it, but there are a lot being rented out in my building(3 currently on daft).
    Anyone know where I could get a sample lease as i've no idea how it should look?
    Thanks.


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    #6
    jmcg2011
    Closed Accounts Posts: 1 ✭jmcg2011


    http://www.moneysavingexpert.com/shopping/cheap-parking-rental#1

    PDG agreement on here


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