A rental agreement for a property extending for a longer duration, typically 30 days or more, often with different legal and pricing considerations.
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Glossary Term: Lease Agreement
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A strategy where someone rents a property long-term and then sublets it as a short-term rental for a higher price.
A lease agreement where the tenant is responsible for paying property expenses like taxes, insurance, and maintenance in addition to rent.
Legal regulations governing the relationship between landlords and tenants, which can impact short-term rentals depending on local jurisdictions. These laws often address lease agreements, eviction processes, security deposits, and tenant rights.
A clause in a lease agreement that specifies the maximum number of guests allowed to stay in a short-term rental property.
A strategy where an individual rents a property long-term and then sublets it on platforms like Airbnb or VRBO for a higher nightly or weekly rate, profiting from the difference.
A common lease or rental agreement provision that protects tenants’ or guests’ right to reasonable peace and quiet in their rental unit.
The section of Ohio law that specifically addresses landlord-tenant relationships, including provisions relevant to short-term rentals.
A legal document served to tenants, including short-term renters, requiring them to leave the property by a specific date for reasons outlined by law.
A public official who can witness and authenticate signatures, sometimes required for legal documents related to short-term rentals.
A lease agreement that has been signed by a notary public, verifying the identities of the parties involved and the legitimacy of their signatures.
A strategy where an individual rents a property long-term and then sublets it on short-term rental platforms for a profit.