
Rental Pool
A rental pool is an arrangement commonly found in hotel apartments and serviced residence developments, where individual property owners place their units into a shared, managed rental programme. Instead of each owner renting out their own unit separately, the operator or property manager rents out all the units in the pool.
For mortgage purposes, banks may treat rental pool income differently from standard tenancy income. This is because rental pool income can depend on the operator, occupancy levels, the rental pool agreement, and the overall performance of the development.
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