Now that you`ve made your lease all here, nine tips I`ve learned are the hard way when it comes to renting: creating a vacation rental contract may not be glamorous, but is an essential part of protecting your interests when renting your property. The short-term or vacation lease is a tenancy agreement between a landlord and a tenant between 1 and 30 days. The agreement is most common for high quality real estate, to outline the precise conditions of the rental term. The agreement must follow all applicable government laws, and if the residential structure was built before 1978, it must be implemented at the same time as the Lead-Based Paint Disclosure Form. Over the years, I have downloaded my rentals from two websites. Both are excellent companies that have kept me in compliance with the law. The Rock Solid Lease ™ contains rental conditions X that reduce or eliminate the ability of your tenants to sue you in person. If your leasing is thorough, it acts as a way to manage situations. Your lease becomes an impartial third party with which your tenant cannot argue – because he signed it! If your lease describes how certain problems are to be dealt with, then it becomes the “bad guy,” and you are just another person following the procedures. For example, if your lease explicitly says it is the tenant`s responsibility to pay for a plumber, then if the problem arises, simply follow the protocol, instead of arbitrarily telling the tenant that it is their cost. You can also always meet your guests in the accommodation and have them sign the contract before handing over the keys. It is important not to surprise your customers with a lease.

Tell them in advance that they are required to sign the agreement. Most people will expect to sign something. You must also ensure that you and the tenant have a signed copy of the contract. Once responsibilities are listed, a good lease also lists penalties for violating one of the rules. It may give you the right to cancel a reservation or force the tenant to pay your repair costs for damages resulting from their breach of contractual terms. Your options for obtaining a lease include: a “free” lease on the Internet, other online leases, Texas Real Estate Commission Leases and Texas Apartment Association Leases. The acts and omissions of tenants that constitute a default are clearly defined. All notifications required by state and federal law are contained and the lease is governed by Texas law.

The annual review of changes to the National and Federal Tenants Act ensures that our leases are current. As an experienced landlord (aka jaded) I learned that the key to treating my rents as a business is a fantastic lease. For me, the key to a fantastic lease is a narrow contract that is very specific and leaves no doubt about that.