A legally binding contract outlining the responsibilities and compensation structure between a primary host and a co-host.
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Glossary Terms
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Specific guidelines and regulations set by the homeowners association or management of a community where a short-term rental is located.
A shared swimming pool within a complex or community that is accessible to guests staying at properties within that community.
The speed and efficiency with which hosts or property managers respond to guest inquiries and messages.
The preferred methods and frequency of communication that guests can select, allowing for personalized guest experiences.
A record of all interactions and communications with guests, including inquiries, booking confirmations, and issue resolutions.
The various platforms or methods used to communicate with guests, including email, SMS, messaging apps, and phone calls.
The different tiers or levels of commission fees that a property management company might charge based on factors like booking volume or property type.
A percentage of the booking revenue charged by property management companies or platforms like Airbnb and VRBO for their services.
Insurance that protects the physical assets of a business, such as the building, equipment, and inventory, from covered perils like fire, theft, and natural disasters.
A type of insurance policy that provides coverage for businesses against claims of bodily injury, property damage, and personal injury.
A type of insurance policy specifically designed for short-term rental properties, covering potential risks such as property damage, liability, and loss of income.