Insurance or legal services that protect landlords and property managers from financial losses due to non-paying guests or eviction-related expenses.
Glossary Term: Legal Protection
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A legally binding agreement between the host and the guest outlining the terms and conditions of the stay.
A legal document signed by guests acknowledging the risks associated with using pools, hot tubs, or water features at short-term rentals and releasing the host or property manager from liability.
Strategies and measures taken to safeguard personal and business assets from potential liabilities and lawsuits. This is particularly important for short-term rental owners who may face risks associated with property damage or guest injuries.