If you are looking to rent out your vacation home on VRBO (Vacation Rental By Owner), it`s important to have a lease agreement in place to protect yourself and your property. A lease agreement is a legally binding contract between you and your renters that outlines the terms and conditions of the rental. This helps to ensure a smooth and hassle-free rental experience for both parties.
At its core, a lease agreement should include the basic details of the rental such as the rental period, rental amount, and security deposit. However, it should also include additional clauses to protect your property and outline your expectations for the renters. Here are some key clauses that should be included in a VRBO lease agreement:
1. Occupancy Limits
This clause outlines the maximum number of people allowed to stay in the property during the rental period. This helps to prevent overcrowding and ensure that your property is not damaged due to excessive use.
2. Pets
If you allow renters to bring pets, this clause should outline any restrictions or additional fees associated with pet ownership. This helps to prevent any damages caused by pets and ensures that your property is in good condition for future renters.
3. Smoking
If you prohibit smoking in your property, this clause should outline the consequences for renters who violate this rule. This helps to prevent any damage or odor caused by smoking and ensures that your property is in good condition for future renters.
4. Maintenance
This clause outlines the responsibilities of both you and the renters for maintenance and repairs during the rental period. This helps to ensure that any damages or issues with the property are addressed in a timely manner, preventing any further damage or liability.
5. Liability
This clause outlines the responsibility of the renters for any damages or injuries that occur during the rental period. This helps to protect you from any liability or legal issues that may arise from the rental.
Having a lease agreement in place is essential for any VRBO rental. While there are many customizable templates available online, it`s important to ensure that the agreement is tailored to your specific property and needs. By including the above clauses in your lease agreement, you can help to protect yourself and your property, and ensure a smooth and enjoyable rental experience.