A lot of people are highly interested in travelling to faraway places such as visiting other states or going to other countries. Since they are nowhere near their home, they need a place to stay. With the number of tourists and travellers rising every year, many landlords who own multiple properties let travellers rent their properties for a period of time. However, renting a property is much more than just a renter to book and pay; there are also terms and conditions that need to be agreed upon by both parties to proceed with the rental. Read the article to find out how to make a vacation rental lease agreement.
10+ Vacation Rental Lease Agreement Samples
1. Vacation Rental Lease Agreement
2. Vacation Rental Short Term Lease Agreement
3. Sample Vacation Rental Lease Agreement
4. Vacation Rental Lease Security Agreement
5. Standard Vacation Rental Short Term Lease Agreement
6. Vacation Rental Property Lease Agreement
7. Printable Vacation Rental Lease Agreement
8. Landlord Vacation Rental Lease Agreement
9. Vacation Rental Lease Agreement Addendum
10. House Vacation Rental Lease Agreement
11. Vacation Rental Tenancy Lease Agreement
What is a Vacation Rental Lease Agreement?
A vacation rental agreement is a contract between the property owner and the guests renting the property. The lease agreement is similar to an apartment lease agreement, except that a vacation rental agreement only allows renters to move into the property for a short period of time. A vacation rental agreement must list down the responsibilities and conditions of the owner and of the renter to maintain the good condition of the property and avoid doing anything illegal in it. If any of the conditions listed in the agreement is violated, a list of penalties is written down.
How to Make a Vacation Rental Lease Agreement
1. Rental Property Details
The first part of the agreement must have a clear description of the property. This section should explain all of the amenities that are included inside your rental. In this section of your short-term rental agreement, you should make a list of all the amenities that are available in your house. Go into detail about every piece of furniture and equipment on your property. Don’t forget to mention any outdoor areas or services that your guests will have access to.
2. Rental Parties
List all of the guests who will stay at your property during the dates of the rental. Write down the guest’s full name, home address, and phone number. You may also want to mention the maximum occupancy of your property to avoid having unannounced guests accessing your property. If you have to, explain the sleeping arrangements for each guest.
3. Rental Period and Rental Rules
This part of the agreement should identify the date of arrival of the guests and their departure. You can also include here your outline of house rules for your property. Give instructions to your guests on how to leave your property upon departure. If you charge any penalties for breaking the rules, be sure to highlight them. Another important thing to highlight is explaining to the guests how they will enter your property. Instruct them on where to obtain their keys and where to return them once their stay has ended. Don’t forget to outline a key policy for them to follow.
4. Payment Details
This section should cover everything related to payment. Write down the agreed-upon rental rate and the payment due dates. if you charge extra fees, such as the payment for services obtained by guests; define the cost, purpose, and required payment dates. Another thing to include is the security deposit terms.
5. Limitation of Liability, Violation of Agreement, and Cancellation Details
The limitation of liability is a clause that limits your responsibility if accidents or injuries occur when the guests are staying on your property. This clause must be reasonable and drafted carefully, so consulting legal advice from an attorney or letting them review your agreement terms is a smart thing to do. A section where you explain what will happen if either party violates the agreement should also be included. And finally, if a guest is having cold feet and decides to back out from booking your property, add a section that will explain how a guest can cancel the agreement.
What is the best website for vacation rentals?
The best websites for vacation rentals are Airbnb, Booking.com, Expedia, Hotels.com, Tripadvisor, and Vrbo.
Are vacation rentals cheaper than hotels?
Vacation rentals are cheaper compared to booking hotels especially the highly-rated hotels.
Are vacation rentals profitable?
Vacation rentals are profitable in the long run since they can be a great source of income once you’ve maintained your rentals and get a steady stream of visitors in your rentals.
Before you proceed to create your lease agreement for future renters, format your contract that is logical and easy to understand; you can do this by making the format look clean and organized by providing numbered sections with bold headings and using plain language that is understandable. If you are concerned about the laws regarding leases and rental units in your area, consult an attorney to help you understand any jurisdiction-specific contract provisions. To help you create your own vacation rental lease agreement, download our free sample templates provided above!
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