Tips for Preparing a Vacation Home Rental Agreement

I have encountered many vacation home ownersdecor is not allowed".
who rent without a written contract. They do so atAs owner of a couple of vacation homes rental
their own risk. Although the majority of vacationwebsites, I thought it was important to provide
renters are very good, and go out of there way tocontract tips that may be beneficial to property
keep your property in order, it just takes one badowners. All rental agreements may differ a little, but
renter incident or one misunderstanding that canthere are some items that should be essential to
really spell trouble.your vacation rental contract:
For example, I had an experience where 12 peoplePayment Terms
showed up to rent an island rental home that onlySecurity Deposit & Refund Policy
specified an occupancy limit of 6 in the advertisingCancellation Policy (to include no-shows, late arrivals &
and contract. A dozen people in a smaller place canearly departures)
put a lot of wear and tear on the property, not toCheck-in and Check-out times
mention utility use. If there had not been anOccupancy Limit
occupancy limit in the contract, it would have beenCare of Property, Furniture, Appliances (don't move
more difficult to enforce, and ask the additionalfurniture around)
people to find another place. Another reason to haveCleaning Policy, Trash Removal
an occupancy limit is to restrict large parties in thePolicy of Keeping Home Secure (locked when away)
vacation home. You many not want renters to holdOther considerations might be a pet policy or a
parties of fifty people in your 4-6 capacity personsmoking policy.
home for weddings, reunions, etc.I recommend that you always consult with an
Rely on personal experiences to help customize yourattorney first to review your rental contract to make
contract. I did have a short-term renter once whosure it is in compliance with local and state
re-arranged the furniture around and put all thegovernment regulations or any association regulations,
knickknacks in the closet. It was a hassle to moveand to make sure it covers all necessary issues to
everything back to its original order. Now I include theprotect yourself as a property owner.
phrase in our contracts, "re-arranging the furniture or