If you`re planning to rent out your vacation home or property on VRBO (Vacation Rental By Owner), having a solid rental agreement in place is crucial. A rental agreement outlines the terms and conditions of the rental and helps protect both you and your renters. Here are some key elements to include in your VRBO rental agreement:
1. Property details: Start by including detailed information about your property, including its address, the number of bedrooms and bathrooms, and any special features or amenities. This will help ensure that renters know exactly what they`re getting.
2. Rental dates and rates: Clearly spell out the rental dates and the rental rates, including any taxes, cleaning fees, or other charges. Be sure to specify the payment schedule, including any deposits or partial payments required.
3. Guest expectations: Outline your expectations for guests, including any restrictions on smoking, pets, or parties. You may also want to include rules for noise levels, parking, and use of common areas or equipment (like pool or grill).
4. Damage and liability: Specify the renter`s responsibility for any damage to the property, including items like furniture, appliances, and accessories. You may also want to include a liability waiver that releases you from any responsibility for injuries or accidents that occur on the property.
5. Cancellation and refund policy: It`s important to have a clear policy in place for cancellations and refunds. Consider how far in advance of the rental date you will offer refunds (if at all), and whether you will charge a cancellation fee.
6. Contact information: Include your contact information (and an emergency contact, if possible) so renters can get in touch with you if they have questions or concerns. You may also want to provide some basic information about the area, including local attractions, restaurants, and other points of interest.
Overall, a well-written rental agreement can help ensure a positive experience for both you and your renters. Take the time to carefully consider the terms and conditions you want to include, and don`t be afraid to consult with an attorney or other professional if you have any questions or concerns. By taking these steps, you`ll be well on your way to a successful and stress-free VRBO rental experience.