Legal contracts outlining the terms and conditions of service between short-term rental owners and property management companies, specifying responsibilities, fees, and expectations.
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Glossary Term: Property Management Agreement
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Short for “Short-Term Vacation Contract,” it refers to the legally binding agreement between a property owner and a short-term rental management company outlining the terms of service, responsibilities, and financial arrangements.
A legally binding contract between a property owner and a property manager outlining the terms and conditions of their professional relationship.
A legal document that outlines the responsibilities, compensation, and expectations between a short-term rental host and an individual or company assisting with management tasks.
A legally binding contract outlining the terms of service and responsibilities between a short-term rental property owner and a property manager.
A legally binding contract between a property owner and a property manager outlining the terms of their business relationship. This agreement defines responsibilities, fees, liabilities, and other essential aspects of the arrangement.
A feature offered by some property management companies where they guarantee a minimum number of bookings or revenue for a property within a specific timeframe.
The process of welcoming and integrating new short-term rental owners who have hired a property manager or management company. This typically involves gathering property details, setting expectations, and establishing communication protocols.
A legal contract where a property owner appoints a property manager or management company to act as their agent in managing and renting out their short-term rental property.