Short-term rental leases are generally different from traditional residential leases. Unlike traditional leases, short-term rental agreements are usually for a shorter duration, typically less than 30 days, and can be renewed on a regular basis.
Here are some key differences between short-term rental leases and residential leases:
- Lease duration: As mentioned, short-term rental leases are for a shorter duration than traditional residential leases.
- Payment terms: Short-term rental leases typically require payment in full upfront, while traditional leases require a monthly rental payment.
- Cancellation policy: Short-term rental leases may have a more flexible cancellation policy than traditional leases, as guests may need to change their travel plans at the last minute.
- Amenities and furnishings: Short-term rentals are usually fully furnished and equipped with amenities like toiletries, linens, and kitchen appliances, while traditional residential leases may be unfurnished or partially furnished.
- Property use: Short-term rental leases may restrict the use of the property to vacation or business purposes only, while traditional residential leases allow tenants to use the property for their primary residence.
- Maintenance and repairs: Short-term rental leases usually require the owner or property manager to take care of maintenance and repairs, while traditional residential leases may require the tenant to handle some of these tasks.
It’s important to note that short-term rental leases may also be subject to specific laws and regulations, such as local zoning laws or vacation rental ordinances. If you’re considering renting out a property as a short-term rental, it’s important to consult with a legal professional to ensure that you’re in compliance with all applicable laws and regulations.
