The Short Term Rental Management Agreement serves as the foundational document for property owners seeking professional management of their short-term rental properties in England and Wales. This agreement is particularly relevant in the growing short-term rental market, including holiday lets, serviced apartments, and temporary accommodations. It defines the scope of management services, fee structures, operational procedures, and respective responsibilities of both parties while ensuring compliance with relevant UK property and consumer protection legislation. The document is essential for protecting both parties' interests and establishing clear operational guidelines.
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1. Parties: Identification of the property manager and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of management services provided
5. Fees and Payments: Management fees, commission structure, and payment terms
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of Manager: Manager's responsibilities and duties
8. Obligations of Owner: Owner's responsibilities and duties
1. Insurance Requirements: Specific insurance obligations and requirements for both parties
2. Marketing Services: Details of property marketing approach and advertising responsibilities
3. Maintenance Provisions: Specific maintenance arrangements and procedures
4. Guest Services: Specific guest handling procedures and service standards
1. Schedule 1: Property Details: Detailed description of the property and inventory
2. Schedule 2: Fee Structure: Detailed breakdown of all fees and charges
3. Schedule 3: Service Level Agreement: Detailed service specifications and standards
4. Appendix A: House Rules: Rules and guidelines for guests
5. Appendix B: Emergency Procedures: Emergency contact information and procedures
Relevant legal definitions
Clauses
Relevant Industries
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