Are you planning on renting out your property for a short period of time? Whether it`s a vacation rental or a temporary living arrangement, it`s important to have a clear and concise rental agreement in place. Not only does it protect you and your property, but it also sets expectations for your guests.
Here are some key things to include in your rental agreement for short term rentals:
1. Rental term and payment: Make sure to specify the exact dates of the rental period and the amount of money that the guest will be paying. It`s also important to outline any fees such as cleaning, pet, or security deposits.
2. Guest responsibilities: It`s important to specify the guest`s responsibilities during their stay. This can include things like maintaining the property, not causing damage, and following any rules or regulations set in place.
3. Property access: Specify who will have access to the property and under what circumstances. Will the guest have access to all areas of the property, or will certain areas be off-limits?
4. Cancellation policy: Make sure to outline your cancellation policy in case the guest needs to cancel their reservation. This can include any fees or penalties for cancellations made within a certain timeframe.
5. Liability and insurance: It`s important to specify who will be responsible for any damages or injuries that occur during the rental period. It`s also recommended to require guests to have their own liability and/or renters insurance.
6. Noise, smoking, and other restrictions: If there are any restrictions on noise, smoking, or other activities, make sure to clearly outline them in the rental agreement. This helps to prevent any misunderstandings or conflicts during the guest`s stay.
By including these elements in your rental agreement for short term rentals, you can protect both yourself and your property while also setting clear expectations for your guests. Make sure to have your rental agreement reviewed by a legal professional to ensure that it complies with all applicable laws and regulations.