Rental Agreements

If you are planning to buy a rental home, or you're thinking about what to do with one you have just acquired, this is the place for any questions about starting out in the rentals business.
keywestmodern
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Rental Agreements

Post by keywestmodern »

Hi. My husband and I are just starting out. We were wondering about Signed Rental Agreements. Is it good to give a tight legal-ese documents or is it better to be on the casual side?

Also, does anyone use a service that enables renters to "electronically" sign the agreement?

In advance, thanks for your advice, Kim
Margaret
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Post by Margaret »

We don't bother. The guests submit the rental booking from our site and we email back a booking confirmation. But I think a lot of people do go for signed agreements. I am sure others will be here to comment soon.
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Mountain Goat
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Post by Mountain Goat »

We think it makes sense to have an agreement, even if it may not be enforceable. It basically outlines what we expect of guests and vice-versa.

When things go wrong, as they will, it's useful to have something to refer to, especially if there's a security deposit involved.

There are some very sensible, succinct agreements around - ours is over-the-top. If you're non-smoking for instance, think about clean-up costs - we've had this twice over the last winter season. Cancellations can be interesting as well, and your policy needs to be clear.

MG
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Mouse
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Post by Mouse »

We don't bother with signatures either or booking forms...but I do have T&Cs on the booking confirmation/receipt form I email to them and state that payment of the deposit shows acceptance of the T&Cs.

easy-peasy

Mouse
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Austria
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Post by Austria »

When guests make a booking via our website, they agree to the terms and conditions, in making the booking.

Never had to refer to them, but in the event of a cancellation, or late payment, it sets out the obligation on both sides, the deposit acts as an incentive to leave the apartment in good order.
keywestmodern
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Joined: Sun Jun 06, 2010 9:22 pm

Thanks so much

Post by keywestmodern »

Hi: really appreciate the replies.

Kim
polly
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Post by polly »

Hi I'd send them a booking form with your terms and conditions on and ask them to sign it. It just saves any grey areas so to speak- if people know where they stand before they book, it's probably best, but at the end of the day it's down to personal choice. Good luck!
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