As the popularity of short-term rental services like Airbnb continues to grow, it`s becoming increasingly important for both renters and landlords to have a solid rental agreement in place. But what should that agreement include? We`ve put together a short rental agreement sample to help guide you in the right direction.
First and foremost, your rental agreement should include the specific details of the rental arrangement. This includes the rental dates, the agreed-upon rental price, and any security deposit or cleaning fees that are required. Be sure to clearly spell out the payment terms and any penalties for late payment or cancellations.
You`ll also want to include a section on the rules and responsibilities of both the renter and the landlord. This might include things like quiet hours, smoking policies, and rules around pets or additional guests. Be sure to specifically address any issues that are unique to your property or the rental arrangement – for example, if your rental is a shared space, you`ll want to be clear on how common areas like the kitchen or bathroom will be shared.
The rental agreement should also include information on what happens in the event of damage or loss of property. This might include a detailed inventory of the property and its furnishings, as well as instructions on how to report any damage or lost items. It`s important to be clear on what charges the renter may face in the event of damage or loss, and how those charges will be assessed and collected.
Finally, consider including a section on dispute resolution. While nobody wants to think about potential conflict, it`s important to have a plan in place in case disputes arise. This might include instructions on how to report any issues to the landlord, as well as steps for mediation or arbitration if needed.
Of course, this short rental agreement sample is just a starting point – your specific rental agreement will need to be tailored to your property and your needs. But by including these key elements, you can help ensure that your rental agreement is comprehensive, clear, and easy to understand for both renters and landlords alike.