Earn money renting out a parking space or storage
An unused parking space, garage or storage room can bring in small, regular income with almost no work. In this guide you find out whether you are allowed to rent out the space, set a price and draw up a clear contract.
You will need
- Details of the space and its size
- The housing company's house rules and parking space allocation terms
- A rental agreement template
- Photos for the listing
Steps
Check your right to rent it out
A parking space in a housing company is often rented to you by the housing company, and you may not be allowed to sublet it. Ask the property manager before you advertise.
Find out local prices
Write an attractive listing
Draw up a written contract
Take insurance into account
Check the tenant
Report the income for tax
The full guide with every step is for members. Try 7 days for €0.99.
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