What to Include in a Short-Term Rental AgreementĪ basic short-term rental agreement should include the following: This is especially relevant if you need to prove tax exemption from some of your rental income or claim a deduction on business expenses. If you rent your property out for more than 14 consecutive days, you will need to pay taxes on rental income, so it’s essential to have detailed short-term rental contracts. If you are using an online rental platform like Airbnb or Vrbo, you may have to create a rental agreement.Įven if rental platforms do not require a short-term rental agreement, it is always a good idea to provide additional legal protection in case of a dispute. When to Use a Short-Term Rental Agreement Rental agreements clearly define the owner’s and guests’ expectations and protect both parties in case of damages or cancellation. Completing a rental agreementis essential when renting your property, even if guests only stay for a short time.
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