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.
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Glossary Term: Svc
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An abbreviation for “Short-Term Vacation Contract Fee,” it represents the compensation paid to a short-term rental management company for their services, typically calculated as a percentage of the rental income generated.
An acronym for “Short-Term Vacation Contract Provider,” it denotes a company or individual specializing in managing short-term rentals on platforms like Airbnb and VRBO, handling tasks like listing optimization, guest communication, and property maintenance.
Stands for “Short-Term Vacation Contract Software,” referring to specialized software solutions designed to streamline and automate various aspects of short-term rental management, including channel management, booking calendars, and guest communication tools.