Advice required from anyone with similar experience / lawyer-types...
Moved house recently to a rental property in Bath. We are super close to the centre (like 5 mins walk) and train station (3 mins ).
It has come to my attention that parking in Bath is severely limited and like any good capitalist I'm toying with the idea of renting out our parking space for a few months, as we don't currently have a car.
Our landlord is up for it, but understandably wants a contract in place between us, him and and the space renter to say that if any damage is caused, it will be paid for by the renter of the space (or us as tenants).
I've seen some templates on the internet, but none cover a 3-way contract, or whatever you would call this. Also I'm wondering how enforceable a contact would be that simply states that the renter is liable for damage caused. Would this stand up in court if they knocked down a wall for example? Or dented the garage door?
Would I be better creating a single contract with the renter that states they're liable (with photos of current condition) and maybe taking a reasonable damage deposit up front?
Then also creating some sort of contract between us and our landlord to say that we'll cover /reclaim any money owed for damages and deal with any repairs ourselves?
Or is this all too much faff for not much gain and too much risk?
Any advice appreciated.
(also I realise I will have to pay tax on any earnings)