Letting someone rent your home – or a room in your home, as discussed in the article – on a handshake is asking for trouble. A 2015 San Francisco Chronicle article, “Setting Up an Informal Rental,” is a good reminder that it’s good practice to formalize short-term rental agreements of all kind in writing.
One reason is that it’s all too easy for both you and the guests to remember the same conversation or interpret vague notes in an email message differently. You need a written short-term rental agreement that spells out the key terms, including the dates of the rental, when rent payments are due, how many people can stay in your home, whether you allow smoking or pets, and more. [Read more…] about Put Short-Term Rental Agreements in Writing!