Laws and regulations specifically pertaining to short-term rentals, addressing aspects like licensing, taxation, safety standards, and neighborhood impact.
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Glossary Term: Short-Term Rental
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The percentage of time a short-term rental property is booked during the summer months, typically considered a peak season for travel.
The economic landscape of the short-term rental industry, encompassing factors like supply and demand, pricing trends, and competitive dynamics.
A bathroom that is directly connected to a bedroom, typically found in hotel suites and higher-end short-term rentals.
The percentage of time a short-term rental property is booked and occupied by guests over a specific period, indicating the property’s rental performance.
Using environmentally friendly cleaning products and methods to maintain the cleanliness of a short-term rental property while minimizing harm to the environment and guests’ health.
An online platform or marketplace that connects short-term rental property owners or managers with potential guests, facilitating bookings and communication.
A comprehensive list of all the items stored in a dedicated storage area within a short-term rental property, including cleaning supplies, linens, toiletries, and maintenance tools.
Rules and guidelines imposed by local authorities or platforms like Airbnb and VRBO that govern the operation of short-term rentals, covering aspects like safety, noise, and parking.
The oversight and management of external vendors and contractors hired to provide services related to a short-term rental property, such as cleaning, maintenance, or property management.
The income generated from renting out a property on a short-term basis, typically calculated on a nightly or weekly basis.
Programs and policies implemented by governments, organizations, or short-term rental platforms to promote responsible and sustainable tourism practices within the short-term rental industry.