Identifying potential hazards and liabilities associated with renting out a property, such as property damage, liability claims, and legal disputes.
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Glossary Term: Legal Disputes
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A legal venue for resolving disputes, typically involving smaller amounts of money, that may arise between hosts and guests, such as property damage or unpaid fees.
Situations or issues that arise during the short-term rental process that cause significant stress, difficulty, or financial loss for hosts or property managers.
A minor violation of a short-term rental agreement that doesn’t significantly impact the other party’s rights or the contract’s purpose, unlikely to justify legal action or contract termination.