The Short Term Rental Management Agreement serves as a comprehensive framework for delegating property management responsibilities in the growing short-term rental market. This document is essential when property owners wish to engage professional management services for their vacation rentals or short-term rental properties in the United States. It addresses key aspects including booking management, guest communications, maintenance, cleaning services, financial reporting, and regulatory compliance. The agreement is particularly relevant given the increasing regulation of short-term rentals across different jurisdictions and the need for professional management to ensure compliance and optimal property performance.
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1. Parties: Identification of property owner and management company
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of management company's responsibilities
5. Term and Termination: Duration of agreement and termination conditions
6. Compensation: Fee structure and payment terms
7. Insurance and Liability: Required insurance coverage and liability allocation
1. Marketing Services: Optional section detailing promotional activities and marketing responsibilities
2. Property Maintenance: Optional section covering maintenance responsibilities and procedures when included in service scope
3. Guest Services: Optional section detailing guest communication and support protocols when direct guest interaction is included
1. Schedule A - Property Details: Detailed description of the property and inventory
2. Schedule B - Fee Schedule: Detailed breakdown of all fees and charges
3. Schedule C - House Rules: Property-specific rules and guidelines for guests
4. Schedule D - Service Level Agreement: Specific performance metrics and service standards
Relevant legal definitions
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