When it comes to renting out your bed and breakfast (B&B), having a rental agreement in place is crucial. This document outlines the terms and conditions of the rental agreement and ensures that both parties are aware of their rights and responsibilities.
Here are some key elements to include in a B&B rental agreement:
1. Rental period: Specify the dates of the rental period, including check-in and check-out dates and times. Also, include any late check-in or early check-out policies.
2. Rental rates: Clearly state the rental rates, including any additional fees such as taxes, cleaning fees, or security deposits. Specify the payment schedule and accepted methods of payment.
3. Cancellation policy: Detail the cancellation policy for the rental, including any penalties or fees for cancellations.
4. Occupancy: State the maximum occupancy for the rental, including the number of guests allowed to stay and any restrictions on additional guests.
5. House rules: Outline any house rules that guests must abide by, including rules on smoking, pets, noise, and use of amenities such as the pool or hot tub.
6. Property condition: Specify the condition of the property at the start of the rental period and detail any damages that may result in additional fees or charges.
7. Liability: Clarify the liability of both parties in the event of accidents or damages that occur during the rental period.
8. Indemnification: Include an indemnification clause that protects the property owner from any legal claims or lawsuits arising from the rental period.
By including these key elements in a B&B rental agreement, both the property owner and the guest can feel confident in their rental experience. It is always advisable to seek the advice of legal counsel when creating a rental agreement to ensure its completeness and enforceability.