If you`re planning on renting out your property on Vacation Rentals By Owner (VRBO), it`s crucial to have a solid lease agreement in place. A VRBO lease agreement outlines the terms and conditions of your rental agreement, and it helps protect both you and your guests.

Here are some important aspects to consider when drafting a VRBO lease agreement:

1. Rental Dates and Rates

Your lease agreement should clearly specify the dates of the rental period and the corresponding rental rates. Make sure to include any taxes or fees that are applicable.

2. Deposits and Payments

Specify the amount of deposit required and when it’s due, as well as the payment schedule for the rental. Also, clarify the cancellation policy in case of unforeseen circumstances.

3. Property Rules and Regulations

Include all the rules and regulations pertaining to your property, such as maximum guest occupancy, restrictions on smoking, and policies on pets. Make sure to outline any penalties for violating these rules and regulations.

4. Liability and Insurance

Make it clear that the guests are responsible for their actions while on the property and that they should carry their insurance policy. The lease agreement should also outline your liability, and you should consider obtaining insurance for your property.

5. Maintenance and Property Condition

Clarify the responsibilities of both parties regarding the maintenance and upkeep of the property. Specify the condition in which the property should be left at the end of the rental period.

6. Dispute Resolution

Include a section on dispute resolution in case of any conflicts between the parties. This can include mediation, arbitration, or litigation.

In conclusion, a VRBO lease agreement is an important document to protect both you and your guests. Ensure that it is comprehensive and covers all the necessary details to avoid any potential misunderstandings or legal issues. Take the time to draft a strong lease agreement or consult with a legal professional to help you.