Dubai’s rental market is one of the most dynamic in the world, offering everything from luxury penthouses overlooking the Marina to compact studios near bustling business districts. For expats, one of the first questions that arises when relocating is — should I go for a short-term rental or commit to a long-term lease? Both options have their advantages, but they cater to very different lifestyles and financial goals.
With the rise of Dubai’s tourism economy and flexible work culture, short-term rentals have become popular among freelancers, entrepreneurs, and digital nomads. On the other hand, long-term rentals remain the go-to choice for families and professionals seeking stability and better cost management.
This comprehensive guide will help you understand the difference between short-term and long-term rentals in Dubai — from costs, legalities, and licensing requirements to lifestyle factors and ROI insights — so you can make the smartest decision for your stay in 2025 and beyond.
Understanding Dubai’s Rental Landscape
Dubai’s rental market is diverse and fast-moving. Expats can choose between annual tenancy contracts or short-term holiday homes. Each comes with its own rules, costs, and flexibility.
Long-term rentals are registered under Ejari, a system managed by RERA. This system protects both tenants and landlords. These leases usually last for one year and can be renewed. They suit families and professionals planning to stay longer.
Short-term rentals, on the other hand, fall under Dubai’s DET Holiday Home license. They are often listed on platforms like Airbnb or managed by agencies. These rentals range from a few nights to a few months. They are fully furnished and come with flexible payment terms.
Both rental types are in high demand in 2025. Dubai’s strong economy and growing expat population keep the market active. To choose the right option, expats must compare location, cost, and flexibility before signing a lease.
What Is a Short-Term Rental in Dubai?
Definition and Duration
A short-term rental in Dubai refers to any property rented for less than six months—usually on a weekly or monthly basis. These are typically fully furnished apartments or serviced units designed for convenience and flexibility. Regulated by the Dubai Department of Economy and Tourism (DET), short-term rentals fall under the Holiday Home License system, ensuring the property meets safety and hospitality standards before being rented out.
They are especially popular among tourists, business travelers, digital nomads, and new expats who want a temporary home without the hassle of long-term contracts. Popular areas like Dubai Marina, Downtown, JBR, and Business Bay dominate the short-term rental market, offering everything from chic studios to luxury penthouses.
Pros of Short-Term Rentals
- Flexibility: Rent for weeks or months — perfect for transient lifestyles.
- Fully Furnished: Move-in ready apartments with bills often included.
- Convenience: No Ejari registration or complex lease terms required.
- High-end Amenities: Access to pools, gyms, and concierge services.
However, flexibility comes at a cost — which brings us to the downsides of short-term rentals in Dubai.
Cons of Short-Term Rentals in Dubai
While short-term rentals in Dubai offer freedom and flexibility, they come with trade-offs that expats should consider before committing.
1. Higher Rental Costs
Short-term leases generally have higher monthly rents than long-term contracts. Landlords charge a premium for flexibility, utilities, and furnishings. For instance, a one-bedroom short-term rental in Dubai Marina might cost 30–40% more per month than a comparable long-term unit.
2. Service Fees and Hidden Costs
Unlike traditional leases, short-term rentals often include service charges, cleaning fees, and tourism taxes. These can add up quickly, especially for stays over a few months. Some platforms also charge booking commissions that increase total expenses.
3. Limited Tenant Protection
Since short-term rentals fall under DET Holiday Home regulations rather than RERA’s tenancy laws, tenants have fewer legal protections if disputes arise with property owners or agencies.
4. Uncertain Availability
High tourist demand during peak seasons (like winter or Expo periods) can make it hard to find consistent availability or stable pricing.
Despite these drawbacks, short-term rentals can be ideal for those who value mobility and flexibility over long-term financial savings.
What Is a Long-Term Rental in Dubai?
A long-term rental in Dubai refers to a property leased for one year or more, under a legally binding Ejari contract registered with the Real Estate Regulatory Agency (RERA). This system ensures tenant and landlord rights are protected, making it the preferred option for families and professionals planning to stay long-term.
1. Legal Framework and Ejari Registration
All long-term leases must be registered through Ejari, a RERA-managed platform that formalizes tenancy agreements. This registration is crucial for residency visa renewals, utility connections (DEWA), and dispute resolution. Without an Ejari, tenants cannot legally prove occupancy or file rental disputes.
2. Payment Structure
Long-term rentals usually require annual payments, split across 1–4 post-dated cheques, depending on negotiation. Many landlords now offer monthly payment options to stay competitive. Rent does not typically include utilities, maintenance, or chiller fees, unlike short-term stays.
3. Tenant Rights and Stability
Tenants under long-term leases enjoy price stability and renewal rights under RERA laws. Rent increases are regulated by the Dubai Rent Index, preventing arbitrary hikes. Additionally, landlords cannot evict tenants without valid legal reasons.
Long-term rentals offer stability and predictability, making them a better fit for expats planning to live in Dubai for a year or more.
Pros of Long-Term Rentals in Dubai
Long-term rentals are a popular choice among expats, professionals, and families who plan to settle in Dubai for an extended period. They offer a stable lifestyle, predictable costs, and strong tenant protection under Dubai’s property laws.
1. Cost Efficiency and Savings
Compared to short-term rentals, long-term leases are significantly more affordable. Monthly costs drop by 25–40%, depending on the area and property type. Because these rentals exclude service fees and tourist taxes, tenants pay only for essentials like rent, DEWA, and maintenance — reducing overall living expenses.
2. Legal Protection Under RERA
All long-term contracts are governed by the Real Estate Regulatory Agency (RERA). This ensures clear rules around rent increases, eviction notices, and maintenance responsibilities. Tenants can also file complaints through the Rental Dispute Center if conflicts arise, offering peace of mind that short-term tenants don’t enjoy.
3. Stability and Community Living
Long-term rentals allow tenants to build roots — becoming part of local communities, enrolling kids in nearby schools, and enjoying stable housing arrangements. Neighborhoods like JVC, Mirdif, and Al Barsha are known for such expat-friendly environments.
4. Negotiation Power and Better Deals
Landlords prefer stable, long-term tenants. As a result, renters can often negotiate better annual rates, request minor renovations, or ask for flexible payment terms, especially in slower market periods.
Cons of Long-Term Rentals in Dubai
While long-term rentals in Dubai provide financial stability and legal security, they also come with certain limitations that may not suit everyone—especially newcomers, freelancers, or short-stay expats.
1. Less Flexibility and Commitment
Long-term leases usually lock tenants into a one-year commitment under an Ejari-registered contract. Breaking the lease early can result in penalties, typically two months’ rent or more, unless both parties agree to terminate amicably. This can be restrictive for people whose jobs, visas, or lifestyle may change unexpectedly.
2. Upfront Financial Requirements
Unlike short-term rentals, long-term agreements often require security deposits, agency fees, and post-dated cheques. Some landlords demand 3–4 cheques upfront, adding to the initial financial burden. Additionally, utility deposits for DEWA or district cooling may apply.
3. Maintenance and Utility Costs
Tenants are usually responsible for DEWA bills, internet, and air conditioning charges, while landlords cover structural repairs. However, maintenance requests can take time to process, especially in older buildings with shared management.
4. Limited Furnishing Options
Most long-term rental properties come unfurnished, meaning tenants must invest in furniture, appliances, and decor. This adds to setup costs and effort compared to fully serviced short-term units that include everything.
Long-term rentals are ideal for stability seekers—but less suitable for those prioritizing flexibility or short residency durations.
Cost Comparison — Short-Term vs. Long-Term Rentals in Dubai
When deciding between short-term and long-term rentals in Dubai, cost is often the biggest factor. While short-term stays provide flexibility and convenience, long-term leases offer greater value for money. The comparison below breaks down the key financial differences expats should consider before renting.
| Factor | Short-Term Rentals (Monthly Basis) | Long-Term Rentals (Annual Ejari Contract) |
| Average Rent (1-Bedroom Apartment) | AED 8,000–12,000/month (Downtown/Marina) | AED 6,000–8,000/month equivalent annually |
| Payment Terms | Paid monthly or weekly via online platforms | Paid annually in 1–4 cheques |
| Utilities (DEWA, Chiller, Internet) | Usually included in rent | Usually excluded – paid separately |
| Maintenance & Cleaning | Included – managed by property host | Tenant responsibility for minor issues |
| Deposit | Typically 10–20% or refundable damage deposit | 5% of annual rent (security deposit) |
| Agency Fee | Often none (booked online) | 5% of annual rent (through agent) |
| Flexibility | High – can cancel anytime | Low – early exit penalties apply |
| Furnishing | Fully furnished, serviced | Usually unfurnished |
| Ideal For | Tourists, short-term expats, freelancers | Families, professionals, long-term residents |
Insights:
- Short-term rentals cost 20–40% more overall, mainly due to flexibility, furnishings, and included utilities.
- Long-term leases are cheaper and legally protected, making them the smarter choice for residents staying 6 months or more.
- Neighborhoods like Business Bay, JVC, and Dubai Hills offer balanced mid-term options with flexible landlords.
Best Areas in Dubai for Short-Term vs. Long-Term Rentals
Dubai offers a diverse mix of neighborhoods suited for every lifestyle and budget. Whether you’re an expat seeking flexibility through short-term stays or a professional planning to settle long-term, the location you choose can make a major difference in rent, amenities, and convenience.
Best Areas for Short-Term Rentals in Dubai
Short-term rentals thrive in tourist-friendly and high-demand districts where convenience and luxury meet lifestyle. These areas are perfect for visitors, freelancers, and digital nomads.
1. Downtown Dubai
- Home to Burj Khalifa, Dubai Mall, and Dubai Fountain.
- Offers premium serviced apartments with flexible short-term leases.
- Ideal for business travelers and tourists seeking proximity to attractions.
2. Dubai Marina / JBR
- Popular among expats and vacationers for its beachfront lifestyle and marina views.
- Offers fully furnished apartments, often chiller-free and bill-inclusive.
- Well-connected via tram and metro (Red Line).
3. Business Bay
- Great for short-term corporate stays due to its central location and premium amenities.
- Easy access to Downtown and DIFC.
- Features high-rise buildings offering monthly furnished options.
4. Palm Jumeirah
- The go-to destination for luxury short-term rentals and holiday homes.
- Offers beachfront villas and serviced apartments.
- Popular for Airbnb listings and DET-licensed holiday homes.
5. Dubai Creek Harbour
- An emerging hub offering short-term options near Dubai Festival City and airport.
- Ideal for people seeking modern living close to central Dubai.
Best Areas for Long-Term Rentals in Dubai
Long-term rentals are concentrated in family-friendly and affordable communities that offer stability, schools, and essential services.
1. Jumeirah Village Circle (JVC)
- Among the most affordable and well-connected areas for long-term tenants.
- Offers a mix of studios, 1BHKs, and villas at moderate prices.
- Great for families and single professionals.
2. Al Barsha
- Close to Mall of the Emirates, schools, and hospitals.
- Spacious apartments with easy metro access and multiple yearly lease options.
3. Mirdif
- Ideal for families preferring villas or townhouses.
- Quieter, suburban lifestyle with community parks and good connectivity.
4. Dubai Hills Estate
- Offers long-term luxury living with modern apartments and villas.
- Great for expats seeking green spaces and premium schools nearby.
5. International City / Silicon Oasis
- Known for budget-friendly rentals with long-term contracts.
- Best for expats working in tech zones or business parks.
Pro Tip:
If you’re planning to live in Dubai for less than 6 months, short-term rentals in Downtown or Marina are practical. But if you aim to stay longer, JVC, Al Barsha, or Dubai Hills offer excellent value with annual leases.
Legal Rules and Documentation for Short-Term vs. Long-Term Rentals in Dubai
Whether you’re renting a property for a few months or signing a yearly contract, Dubai’s rental laws are clear, structured, and expat-friendly. However, the legal process differs significantly between short-term and long-term rentals, depending on the duration, property type, and registration requirements.
Short-Term Rentals in Dubai (Below 6 Months)
Short-term rentals — often known as holiday homes or serviced apartments — are strictly regulated by the Dubai Department of Economy and Tourism (DET).
Legal Requirements:
- Holiday Home Permit:
- Landlords must obtain a DET Holiday Home License before leasing a property for short stays.
- Platforms like Airbnb, Bayut, or Property Finder require the license number for listings.
- Landlords must obtain a DET Holiday Home License before leasing a property for short stays.
- Furnished Units Only:
- Short-term rentals must be fully furnished, equipped with basic amenities and utilities.
- Short-term rentals must be fully furnished, equipped with basic amenities and utilities.
- Tourism Fee & Taxation:
- DET imposes a Tourism Dirham Fee, typically AED 7–20 per room/night, depending on the category.
- DET imposes a Tourism Dirham Fee, typically AED 7–20 per room/night, depending on the category.
- Insurance & Safety:
- Mandatory property insurance and adherence to civil defense and safety standards.
- Mandatory property insurance and adherence to civil defense and safety standards.
- Tenant Documentation:
- Tenants must present passport and visa copies; no Ejari registration is required.
- Tenants must present passport and visa copies; no Ejari registration is required.
Authority Involved:
- Department of Economy and Tourism (DET)
- Dubai Municipality for health and safety inspections
Long-Term Rentals in Dubai (6 Months or More)
Long-term rentals fall under RERA (Real Estate Regulatory Authority) supervision and are governed by Law No. 26 of 2007, protecting both landlords and tenants.
Legal Requirements:
- Ejari Registration:
- Mandatory for every annual tenancy contract in Dubai.
- Registered through Dubai REST App or Ejari Centers.
- Provides legal recognition and ensures rental dispute protection.
- Mandatory for every annual tenancy contract in Dubai.
- Tenancy Contract Details:
- Must clearly state duration, rent amount, payment schedule, and responsibilities.
- Must clearly state duration, rent amount, payment schedule, and responsibilities.
- Security Deposit:
- Typically 5% for unfurnished or 10% for furnished apartments.
- Typically 5% for unfurnished or 10% for furnished apartments.
- Renewal Rules:
- Tenants must be notified 90 days before rent changes or contract termination.
- Tenants must be notified 90 days before rent changes or contract termination.
- RERA Rent Calculator:
- Used to determine legal rent increase limits per market conditions.
- Used to determine legal rent increase limits per market conditions.
Authority Involved:
- Dubai Land Department (DLD)
- Real Estate Regulatory Authority (RERA)
Documentation Checklist
| Type | Tenant Must Provide | Landlord Must Provide |
| Short-Term Rental | Passport copy, Visa copy | DET License, Property ownership proof |
| Long-Term Rental | Emirates ID, Passport, Visa, Cheque copies | Title Deed, Ejari Registration, Contract |
Key Difference:
- Short-term rentals operate under tourism regulations and are ideal for flexible, temporary stays.
- Long-term rentals fall under tenancy laws, offering legal stability, tenant protection, and renewal rights.
Financial ROI Comparison — Which Rental Type Performs Better for Landlords and Expats?
Dubai’s real estate market offers diverse earning potential depending on whether a property is leased short-term or long-term. While short-term rentals attract higher yields, long-term leases offer stable, predictable income. The best option depends on your investment goals, property type, and risk appetite.
ROI for Landlords — Short-Term vs. Long-Term Rentals
| Factor | Short-Term Rentals (Holiday Homes) | Long-Term Rentals (Annual Tenancy) |
| Gross Yield | 10–15% annually (varies seasonally) | 6–8% annually (stable) |
| Occupancy Rate | 60–80% depending on season | 90–95% average |
| Flexibility in Pricing | Dynamic pricing (Airbnb model) | Fixed annual rent |
| Maintenance Costs | High (frequent guest turnover) | Moderate (tenant covers minor issues) |
| Management Fees | 15–25% of rent (if managed by property firm) | 5–7% typical agency fee |
| Payment Frequency | Monthly or per stay | Annual or quarterly cheques |
| Legal/License Requirements | DET Holiday Home Permit | Ejari Registration |
| Ideal For | Investors seeking short-term cash flow | Landlords preferring long-term stability |
Insight:
Short-term rentals may generate higher returns, especially in premium locations like Dubai Marina, Downtown, or Palm Jumeirah. However, they require constant management, marketing, and licensing renewals. Long-term leases are simpler, more stable, and ideal for investors focused on consistent occupancy rather than quick gains.
ROI Perspective for Tenants (Expats)
| Factor | Short-Term Rental | Long-Term Rental |
| Upfront Costs | Low (no big deposits or cheques) | Higher (security deposit + agency fee) |
| Overall Rent | Higher monthly rate | Lower average annual rate |
| Utility Bills | Often included | Separate |
| Flexibility | High – easy to move | Low – early exit penalties apply |
| Best For | Freelancers, tourists, contract-based employees | Families, professionals, long-term residents |
Insight:
Expats staying under 6 months save more with short-term rentals since utilities and maintenance are covered. But if you’re staying longer, annual leases significantly reduce expenses, especially when using Ejari-registered contracts that protect against arbitrary rent increases.
Pros and Cons — Short-Term vs. Long-Term Rentals in Dubai (Comprehensive Comparison)
Both short-term and long-term rentals in Dubai have unique advantages depending on your lifestyle, goals, and investment strategy. Below is a detailed comparison highlighting the practical, financial, and lifestyle differences to help you make an informed decision — whether you’re a tenant or a property owner.
Comparison Overview
| Criteria | Short-Term Rentals (Holiday Homes / Serviced Apartments) | Long-Term Rentals (Annual Ejari Contracts) |
| Lease Duration | Days to 6 months | 6 months to 1 year (renewable) |
| Legal Requirement | DET Holiday Home License | Ejari Registration under RERA |
| Furnishing | Fully furnished (mandatory) | Can be furnished or unfurnished |
| Utilities & DEWA | Usually included in rent | Paid separately by tenant |
| Maintenance | Covered by property management | Shared between tenant and landlord |
| Deposit & Fees | No or minimal security deposit | 5–10% security deposit + agency fees |
| Flexibility | Very high (easy check-in/out) | Low (penalty for early termination) |
| Rent Amount | Higher per month | Lower per month |
| Occupancy Rate | Seasonal (60–80%) | Steady (90–95%) |
| Ideal Tenant | Tourists, freelancers, short-term workers | Families, professionals, expats on long visas |
| Best Areas | Downtown, Marina, Palm Jumeirah | JVC, Al Barsha, Silicon Oasis |
| Profitability for Landlords | Higher yields but fluctuating | Steady income and tenant retention |
Key Takeaways for Tenants
Short-Term Rentals
- ✅ Ideal for expats on short assignments or digital nomads.
- ✅ Offers flexibility and convenience with furnished units.
- ❌ Higher monthly rent and limited privacy compared to long-term stays.
Long-Term Rentals
- ✅ Better for families and residents planning to stay 1+ year.
- ✅ Legal protection via Ejari and predictable monthly expenses.
- ❌ Requires larger upfront payment (security deposit, agency fee, DEWA setup).
Key Takeaways for Landlords
Short-Term Rentals
- ✅ Potentially higher annual yield (up to 15%) in prime zones.
- ✅ Flexibility to adjust rent per season or event demand.
- ❌ Requires active management and compliance with DET regulations.
Long-Term Rentals
- ✅ Stable tenants, fewer vacancies, and lower management costs.
- ✅ Predictable returns and easier property maintenance.
- ❌ Less flexibility in rent adjustment due to RERA caps.
Expert Tip:
For landlords — if your property is in a tourist hotspot (Downtown, Marina, Palm), short-term rentals may be more profitable.
For tenants — if you’re planning to stay over 8–10 months, a long-term Ejari lease saves significantly on total annual costs.
Final Verdict — Which Option Is Better for Expats in 2025?
Choosing between short-term and long-term rentals in Dubai ultimately depends on your lifestyle, duration of stay, and financial priorities. Dubai’s rental market in 2025 offers unparalleled flexibility for both expats and investors, but the right choice can make a big difference in comfort, stability, and returns.
For Expats Moving to Dubai Short-Term (Less than 6 Months)
Short-term rentals are the clear winner.
They’re move-in ready, fully furnished, and include utilities — no paperwork, Ejari registration, or long-term commitment. You can easily find properties on Airbnb, Bayut, or Dubizzle in areas like Downtown Dubai, Dubai Marina, or Business Bay.
Advantages:
- Perfect for contract-based jobs, freelancers, or trial stays before committing to permanent relocation.
- Utilities, Wi-Fi, and maintenance are included, removing administrative stress.
- Flexible exit options with no penalties.
Drawbacks:
- Monthly rent is 30–40% higher than long-term leases.
- Seasonal demand can cause price spikes during events like Expo or peak tourism months.
For Expats Planning to Stay Long-Term (6+ Months)
A long-term Ejari lease offers better financial value and legal protection.
Expats planning to stay longer should consider annual tenancy agreements in family-friendly communities such as Jumeirah Village Circle (JVC), Al Barsha, Dubai Hills Estate, or Silicon Oasis.
Advantages:
- Lower rent per month with stable payments.
- Full legal coverage under RERA and the Dubai Land Department.
- Ability to customize or furnish your own space.
Drawbacks:
- Requires security deposit and agency fees upfront.
- Less flexibility if your job or circumstances change mid-contract.
For Property Owners & Investors
If your property is located in tourist-heavy zones like Palm Jumeirah, Marina, or Downtown, short-term rentals can deliver up to 15% annual ROI when managed efficiently.
However, investors prioritizing low vacancy and consistent rent flow should focus on long-term leasing, especially in mid-market areas with year-round demand.
🌟 Verdict Summary
| Profile Type | Recommended Option | Why It Works Best |
| Short-Term Visitors / Freelancers | Short-Term Rental | No paperwork, fully furnished, flexible exits |
| Families / Professionals | Long-Term Rental | Stability, lower rent, legal protection |
| Investors (Downtown, Marina) | Short-Term | High seasonal ROI, global demand |
| Investors (JVC, Al Nahda) | Long-Term | Steady occupancy, less management |
Final Expert Insight
In 2025, Dubai continues to balance premium short-term rental demand with affordable long-term housing growth.
If you’re an expat testing life in the city — go short-term.
If Dubai feels like home — lock in a long-term lease.
Either way, you’ll find the flexibility, transparency, and infrastructure that make Dubai’s rental market one of the most advanced in the world.
FAQs — Short-Term vs. Long-Term Rentals in Dubai (2025 Edition)
Below are the most searched and asked questions from Google’s “People Also Ask” section, answered clearly and concisely for expats, investors, and tenants looking to make informed rental decisions in Dubai.
1. What counts as a short-term rental in Dubai?
A short-term rental in Dubai typically refers to a lease lasting less than six months, often booked on a daily, weekly, or monthly basis. These are fully furnished units regulated under the Dubai Economy and Tourism (DET) holiday home permit system.
2. Which is better — short-term or long-term rental in Dubai?
If you value flexibility and convenience, choose a short-term rental.
If you prefer lower costs and stability, a long-term lease under Ejari registration is better. The choice depends on your duration of stay and financial goals.
3. How much higher is short-term rent compared to long-term in Dubai?
Short-term rentals cost about 30–50% more per month than long-term leases.
However, they include utilities, Wi-Fi, and maintenance, making them cost-effective for short stays. Long-term contracts have lower rent but separate DEWA and maintenance bills.
4. Do I need a license for short-term rentals in Dubai?
Yes. Property owners must obtain a Holiday Home License from the Dubai Economy and Tourism (DET) department. It ensures the property meets safety, quality, and hospitality standards before being rented to guests.
5. Can I cancel an annual lease early in Dubai?
Yes, but early termination typically incurs a penalty of one to two months’ rent, depending on your tenancy contract.
Always check your Ejari-registered agreement and provide written notice as per UAE tenancy law to avoid disputes.
6. Are utilities included in short-term rentals in Dubai?
Most short-term rentals include DEWA, chiller, Wi-Fi, and maintenance costs in the rent. Long-term tenants, however, must pay these separately by setting up their own DEWA and internet connections.
7. What is Ejari registration for long-term leases in Dubai?
Ejari is a mandatory tenancy registration system by the Dubai Land Department (DLD) that legalizes your rental contract. It protects both tenants and landlords under UAE law, ensuring transparency and rent dispute resolution rights.
8. Is it legal to list my Dubai apartment on Airbnb?
Yes, but only if you have a DET-issued Holiday Home License. Listing without a license is illegal and can lead to fines.
Licensed units are subject to tourism fees, maintenance standards, and inspection regulations.
9. Do landlords prefer long-term or short-term tenants?
Most landlords in mid-range communities prefer long-term tenants for consistent income and minimal vacancy. However, in tourist hotspots like Downtown, Marina, or Palm Jumeirah, many landlords opt for short-term leasing to earn higher seasonal returns.
10. What are the risks of short-term rentals in Dubai?
The main risks include fluctuating occupancy rates, higher maintenance costs, and license renewal requirements.
Without professional property management, owners may face inconsistent income or guest-related damages.
✅ Pro Tip:
For maximum return and peace of mind, work with licensed real estate agencies or property management companies that handle Ejari, maintenance, and licensing—especially if you’re an overseas landlord.
