SUPPORT WITH SHORT TERM RENTAL CONTRACTS
When setting up a short-term rental, having a solid contract is essential to protect both you and your guests. A well-drafted short-term rental agreement clarifies the terms, expectations, and policies for the rental. Here’s a breakdown of the key components to consider and include:
Key Elements of a Short-Term Rental Contract
1. Property Information:
- Full address of the rental property.
- Description of the property (number of rooms, features, amenities).
2. Guest Information:
- Full names of the guest(s) renting the property.
- Number of occupants and their relationship (e.g., family, friends).
3. Rental Term:
- Start and end dates of the rental period.
- Check-in and check-out times.
4. Rental Fees:
- Total rental amount.
- Breakdown of costs (nightly/weekly rate, cleaning fees, taxes, etc.).
- Payment terms (due dates for deposits and final payments).
- Accepted payment methods.
5. Security Deposit:
- Amount of security deposit.
- Conditions for withholding any part of the deposit (damage, late check-out, extra cleaning, etc.).
- Timeline and method for returning the deposit after check-out.
6. Cancellation Policy:
- Conditions under which guests can cancel.
- Refund policies (e.g., full refund if cancelled 30 days before, partial refund if closer to check-in).
7. House Rules:
- Noise restrictions (especially important for apartments or shared spaces).
- Smoking policy.
- Pet policy (if allowed, include additional fees or rules).
- Parking information.
- Use of amenities (e.g., pool, gym, laundry).
8. Occupancy Limits:
- Maximum number of guests allowed in the property.
- Penalties for exceeding the occupancy limit.
9. Damages and Liability:
- Guest’s responsibility for damages beyond normal wear and tear.
- Procedure for reporting damages.
- Owner’s or manager’s liability limits in case of injury or loss of property.
10. Cleaning and Maintenance:
- Guest’s responsibility for cleaning during the stay.
- Cleaning fees and services provided after the stay.
- Expectations for cleanliness upon check-out (e.g., dishes washed, garbage removed).
11. Access to Property:
- Whether the property owner/manager will have access during the stay (e.g., for maintenance or emergency purposes).
- Notification policy for any access during the rental period.
12. Check-Out Procedures:
- Clear instructions on check-out (locking doors, returning keys, etc.).
- Penalties for late check-out or not following the procedures.
13. Dispute Resolution:
- Process for resolving disputes (e.g., through mediation, arbitration, or small claims court).
- Jurisdiction of the contract.
14. Emergency Contact Information:
- Contact details for the property owner or manager in case of emergencies.
15. Signature and Date:
- Signature lines for both the guest(s) and the property owner/manager.
- Date of signing.
Tips for Crafting a Strong Rental Agreement:
- Customisation: Tailor the contract to the specific rules and needs of your rental property. For example, if you have special rules for outdoor spaces or pool usage, include those details. Your terms and conditions need to reflect the freehold conditions for the property and any limitations that may apply within any lease agreements.
- Legal Compliance: Ensure the contract complies with local laws governing short-term rentals. Some jurisdictions have specific rules on noise, taxes, or the length of stays.
- Digital Signatures: If you manage your rental online, using a platform like DocuSign or HelloSign can make it easier for guests to sign the contract digitally.
- Clear and Simple Language: The contract should be easy to understand to avoid confusion.
GoGold Real Estate has worked across the Dubai property sector for a number of years and we are happy to help you create the right agreement for your property.