A legal doctrine requiring landlords to maintain their rental properties in a habitable condition, ensuring basic living standards like plumbing, heating, and safety.
Menu
Glossary Term: Legal
24 posts
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.
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.