Finding and securing a short-term rental can be a great way to make some extra income. Whether you`re a property owner or someone looking to rent a space, it`s important to have a rental agreement in place. A rental agreement protects both parties and ensures that everyone is on the same page.
Thankfully, you don`t need to spend money on a lawyer or rental agreement template. There are plenty of free, simple short-term rental agreements available online. Here`s what you need to know to create one.
What Goes Into a Short-Term Rental Agreement?
A rental agreement should cover all the basics of the rental. This includes the rental period, rent amount, security deposit, and any other fees that may be required. You should also include information about utilities, such as who is responsible for paying for them. If you`re renting out a furnished space, be sure to include an inventory of all items included in the rental.
The agreement should also include information about the responsibilities of the tenant and landlord. For example, the tenant may be responsible for keeping the space clean and notifying the landlord of any damages. The landlord may be responsible for maintaining the property and making any necessary repairs.
Finally, the agreement should include provisions for ending the rental. This should include the notice required to end the rental and any penalties for breaking the agreement early.
Why Use a Rental Agreement?
Using a rental agreement protects both parties. It ensures that everyone is on the same page about the rental details and responsibilities. If there are any disputes, the agreement can be referenced to determine what was agreed upon.
Additionally, a rental agreement can help you avoid legal troubles. If you fail to include important details in the rental agreement, you may be at risk of legal action. Having a rental agreement in place ensures that you`re following all legal requirements.
Where Can You Find a Free Rental Agreement?
There are plenty of websites that offer free, simple rental agreements. Some of the most popular ones include:
– LawDepot
– Documatica
– Rocket Lawyer
It`s important to do your research and ensure that the rental agreement you choose is legally valid in your jurisdiction. If you`re unsure, consider having a lawyer review the agreement before signing.
Conclusion
A rental agreement is an important part of any short-term rental. It helps protect both parties and ensures that everyone is on the same page. Luckily, there are plenty of free, simple rental agreements available online. By using one of these agreements, you can save money and ensure that your rental is legally valid.