A legal principle requiring both parties in a short-term rental agreement to act honestly and fairly, upholding the contract’s spirit and not undermining each other’s benefits.
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The estimated market worth of a short-term rental property, influenced by factors like location, condition, amenities, and rental income potential.
The environmental impact of a short-term rental, considering energy consumption, waste generation, and transportation.
A refundable amount collected from guests before their stay to cover potential damages or extra cleaning costs beyond normal wear and tear.
The fee charged by a property manager or management company for their services, typically calculated as a percentage of the rental income…