A clause in a rental agreement that prohibits parties or large gatherings at the property, helping to prevent noise complaints and potential damage.
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Glossary Term: Liability
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Insurance coverage that protects the personal belongings of tenants, including short-term rental guests, from covered perils such as theft, fire, or vandalism. It is important for guests to have this coverage, especially if they are bringing valuables to the rental property.
Represents the legal and regulatory aspects of short-term rental management, ensuring compliance with local laws, taxes, and insurance requirements.
Insurance or security deposit options that protect hosts from financial losses due to accidental or intentional damage to their property by guests.
Insurance policies or security deposit options that safeguard hosts against financial losses resulting from accidental or intentional damage to their property by guests during their stay.
A term used to describe a contract that is very strong and difficult to break. Having an ironclad rental agreement is crucial for protecting both hosts and guests in the short-term rental industry.
Guidelines outlining procedures for replacing damaged, lost, or stolen items within a short-term rental property, typically covering responsibilities and associated costs.
Claims made by guests alleging injury or damages due to the host’s failure to adequately maintain the property, highlighting the importance of regular upkeep and prompt repairs.
In the context of short-term rentals, agreement inferred from a guest’s actions or inactions, such as using provided amenities, that suggests acceptance of house rules or terms not explicitly stated in writing.
A chronological record of any incidents, accidents, damages, or complaints that occur at a short-term rental property. Important for liability protection and identifying recurring issues.
The legal responsibility of a short-term rental host for any illegal activities that occur on their property, which can vary depending on local laws and the host’s knowledge of the activity.
The use of fireworks on a short-term rental property, which may be prohibited by local ordinances or fire codes and pose a safety risk, potentially leading to property damage, injuries, and liability for the host.