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 Mix Development and Short Term Rental, daily rental

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xl2778
post Jun 19 2015, 10:05 AM

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I have seen below clause in Deed of Mutual Covenant, does it mean short term stay is allow

The Vendor hereby fully reserves it absolute right and liberty, as it sole discretion, to use and or convert the SOHO, wholly or partially, into a hotel, guest house, hostel or inns regardless of whether the vendor shall operate the hotel on its own or through another or through an outright sales of the SOHO, wholly or partially , to another for this purpose.

The purchaser agrees and accepts that it is the vendor sole and unquestionable right, privilege and liberty to use and convert the SOHO, wholly or partially into a guest house, hostels or inns or any commercial entity at its sole discretion.

 

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