An official document issued by a local government that allows a property owner to legally operate a short-term rental.
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Glossary Terms
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A law or regulation enacted by a local government that specifically addresses short-term rentals, often covering aspects like registration, licensing, zoning, and permitted usage.
The act of making a property safe for children by securing furniture, covering outlets, and removing potential hazards.
The specific instructions provided to guests for how to check out of the property, including returning keys, locking up, and disposing of trash.
The designated time by which guests are required to vacate a short-term rental property at the end of their stay.
The designated time at which guests are permitted to access a short-term rental property upon arrival.
A guest who books a short-term rental property for a specific period, typically for vacation or leisure purposes.
In the context of short-term rentals, this refers to the percentage of guests who do not return for a repeat booking within a specific timeframe.
Features and amenities that make a rental property suitable for families with children, such as high chairs, cribs, toys, and safety gates.
A list of instructions provided to guests outlining the steps they need to take before departing a rental property, such as returning keys, locking doors, and disposing of trash.
A process that allows guests to access a property without in-person interaction with the host or property manager. This typically involves using smart locks, keypads, or lockboxes.
A financial professional who can provide valuable tax and accounting advice to short-term rental owners and managers.