A guarantee from the seller to the buyer in a real estate transaction, ensuring that the seller has the legal right to sell the property and that the title is free from defects.
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Glossary Term: Legal
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A legal doctrine requiring landlords to maintain their rental properties in a habitable condition, ensuring basic living standards like plumbing, heating, and safety.
Legal contracts outlining the terms and conditions of service between short-term rental owners and property management companies, specifying responsibilities, fees, and expectations.
The adherence to local laws, regulations, and licensing requirements governing short-term rentals, ensuring legal operation and avoiding potential fines or penalties.
Adhering to all applicable local laws, regulations, and tax requirements related to short-term rentals.
Laws and regulations designed to prevent the concealment of illegally obtained funds, which may apply to short-term rental income and require hosts to verify guest identities and transaction details.
A legal contract that protects confidential information shared between parties, often used when working with property managers or contractors.
A simple business structure where the individual owner and the business are considered a single entity for tax and legal purposes.
A clause in a lease agreement that specifies the maximum number of guests allowed to stay in a short-term rental property.
Legal rights associated with properties located adjacent to bodies of water, potentially impacting short-term rental usage and requiring disclosure to guests.
A legally binding contract outlining the terms of service and responsibilities between a short-term rental property owner and a property manager.
A legal document outlining the ownership and operational procedures for a business, especially important for short-term rental properties with multiple owners or managed by a company.