New Mexico Short-Term Rental Agreement Template

Use our free short-term rental agreement to rent out your property for vacations or other temporary stays.

The terms of a brief stay at a rental property are outlined in a short-term rental agreement, also known as a vacation rental agreement, which is a contract between a landlord and a tenant.

Table of Contents

What Exactly Is a Short-Term Rental Contract?

A short-term rental contract, also known as a short-term lease agreement or vacation rental agreement, is a legal document that governs the terms and conditions of renting a property or accommodation for a relatively brief period. These agreements are commonly used for vacation rentals, Airbnb listings, short-term housing arrangements, or any situation where a property is rented for a limited duration, typically ranging from a few days to a few months.

Key components of a short-term rental contract typically include:

  1. Property Details: This section provides a description of the rented property, including its address, type (e.g., apartment, house, condominium), and any specific features or amenities.
  1. Rental Dates: The contract specifies the rental period, including the check-in and check-out dates and times. It also outlines whether the dates are flexible or fixed.
  1. Rent and Payment Terms: This section covers the rental rate, payment schedule (e.g., upfront payment, deposit, installment payments), and acceptable payment methods. It may also include details about any additional fees or taxes.
  1. Security Deposit: The contract may stipulate the amount of a security deposit, which is typically refundable, and the conditions under which it will be returned or forfeited.
  1. Cancellation Policy: If applicable, the contract should outline the cancellation policy, including any penalties or refunds for cancellations made by the renter or the property owner.
  1. House Rules: This section sets forth the rules and expectations for the renter during their stay, including rules related to smoking, pets, noise, and other specific property-related guidelines.
  1. Utilities and Services: The contract may specify which utilities and services (e.g., internet, cable TV, cleaning) are included in the rental and any associated responsibilities or limitations.
  1. Maintenance and Repairs: Details regarding maintenance and repair responsibilities for both the property owner and the renter may be included.
  1. Access and Entry: The contract outlines how the renter will access the property, as well as any provisions for property owner access during the rental period.
  1. Liability and Insurance: Both parties' liability and insurance responsibilities may be addressed, including requirements for renter's insurance.
  1. Termination: The circumstances under which the contract can be terminated by either party should be specified, along with any notice periods required.
  1. Dispute Resolution: Procedures for resolving disputes or conflicts related to the rental may be included, which could involve mediation or legal action.
  1. Signatures: The contract is typically signed by both the property owner (or their representative) and the renter to indicate their agreement to the terms and conditions.

Short-term rental contracts are essential for clarifying the rights and responsibilities of both parties and preventing misunderstandings or disputes. These contracts should be well-drafted, clear, and legally compliant, and they may vary in complexity depending on the specifics of the rental arrangement. It is advisable to seek legal counsel or use reputable contract templates when creating short-term rental agreements.

Uses of a Short-Term Rental Agreement

A Short-Term Rental Agreement should be used whenever you are renting out a property or accommodation for a limited duration, typically ranging from a few days to a few months. Here are some common situations when you should use a Short-Term Rental Agreement:

  1. Vacation Rentals: If you own a vacation home, cabin, or condo and want to rent it out to travelers or vacationers, a Short-Term Rental Agreement ensures clear terms for their stay.
  1. Airbnb or Home Sharing: If you list your property on platforms like Airbnb, Vrbo, or HomeAway, a Short-Term Rental Agreement helps set expectations for guests.
  1. Temporary Housing: If you're providing short-term housing to individuals or families who are relocating, traveling for work, or in between permanent residences, a rental agreement is essential.
  1. Seasonal Rentals: Properties rented out for specific seasons, such as ski chalets in winter or beach houses in summer, benefit from short-term agreements.
  1. Special Events: If you're renting out a space for weddings, parties, or corporate events, a Short-Term Rental Agreement defines the terms of use.
  1. Extended Vacations: Renting a property for an extended vacation or getaway also warrants a short-term agreement to clarify the terms and responsibilities of both parties.
  1. Guest Houses or In-Law Suites: When renting out secondary or accessory dwelling units on your property, a rental agreement is crucial.

What Should Be Included in a Short-Term Lease Agreement?

Creating a comprehensive Short-Term Rental Agreement is essential to outline the terms and conditions of the rental arrangement and protect the interests of both the property owner and the renter. Here are five simple steps to include the necessary elements in your agreement:

  1. Basic Information:
    • Begin by including the basic details of the rental, such as the property address, the names and contact information of both the property owner (or property manager) and the renter, and the rental start and end dates.
  1. Rent and Payment Terms:
    • Specify the rental rate and the total amount due, including any applicable taxes and fees. Outline the payment schedule, including any security deposit, upfront payments, or installments. Indicate the accepted methods of payment and due dates.
  1. Rules and Responsibilities:
    • Clearly define the rules and responsibilities for both parties. Include details on house rules, such as smoking, pets, noise, and occupancy limits. Specify which utilities and services are included (e.g., internet, cable TV) and any maintenance or cleaning responsibilities.
  1. Cancellation and Refund Policy:
    • If applicable, outline the cancellation policy, including any penalties or refund conditions for cancellations made by the renter or the property owner. Be specific about notice requirements.
  1. Liability and Dispute Resolution:
    • Address liability and insurance considerations. Specify any insurance requirements, such as renter's insurance. Include a section on dispute resolution, outlining procedures for resolving conflicts or disputes, which may involve mediation or legal action.

Important Points to Know About a Vacation Rental Agreement

  • What is a short-term rental:
    • A short-term rental refers to the temporary rental of a property or accommodation for a limited duration, typically ranging from a few days to a few months. These rentals are commonly used for vacation stays, Airbnb listings, and temporary housing arrangements, providing flexibility for both property owners and renters.
  • Short-term rental lease agreement in Florida:
    • In Florida, a short-term rental lease agreement is a legal contract that governs the rental of a property for a limited duration. It includes specific terms required by Florida law and addresses issues such as rent payments, security deposits, maintenance responsibilities, and adherence to state and local regulations.
  • Short-term rental agreement free:
    • A free short-term rental agreement is a template or sample rental contract that can be accessed and used without charge. These documents are often available online and provide a basic framework for creating a short-term rental agreement. Users can customize them to meet their specific rental needs while ensuring legal compliance.

How to Write a Short-Term Rental Agreement for Vacation or Temporary Stays

Here are simple steps to create a comprehensive agreement:

  1. Title and Parties:
    • Start by titling the document as a "Vacation Rental Agreement" or "Short-Term Rental Agreement." Identify the parties involved, including the property owner (or property manager) and the renter, with their full names and contact information.
  1. Property Details:
    • Provide a detailed description of the rental property, including its address, unit number (if applicable), and any specific features or amenities.
  1. Rental Dates and Duration:
    • Clearly specify the rental start and end dates, as well as the check-in and check-out times. Indicate whether these dates are flexible or fixed.
  1. Rent and Payment Terms:
    • Outline the rental rate and the total amount due for the stay, including any applicable taxes and fees. Define the payment schedule, including any required upfront payments, security deposit, or installments. Specify accepted payment methods and due dates.
  1. Rules and Responsibilities:
    • Define the rules and responsibilities for both parties. Include details on house rules, such as smoking, pets, noise restrictions, and occupancy limits. Specify which utilities and services are included (e.g., internet, cable TV) and any maintenance or cleaning responsibilities.
  1. Cancellation and Refund Policy:
    • If applicable, detail the cancellation policy, including any penalties or refund conditions for cancellations made by the renter or the property owner. Clearly state the notice requirements.
  1. Liability and Dispute Resolution:
    • Address liability and insurance considerations. Specify any insurance requirements, such as renter's insurance. Include a section on dispute resolution, outlining procedures for resolving conflicts or disputes, which may involve mediation or legal action.
  1. Signatures and Acknowledgment:
    • Include signature lines for both parties, the property owner (or property manager), and the renter. Request that both parties sign and date the agreement to indicate their understanding and acceptance of the terms.

FAQs About Short-Term Rental Agreements

Is a Short-Term Rental Agreement legally binding?

Yes, a Short-Term Rental Agreement is a legally binding contract between the property owner (or property manager) and the renter. It outlines the terms and conditions of the rental arrangement and is enforceable in court if either party fails to fulfill their obligations.

Do I Need a Short-Term Rental Agreement for Every Rental?

It is advisable to have a Short-Term Rental Agreement for every rental, even if it's a brief stay. Having a written agreement helps clarify expectations, protect both parties and minimize misunderstandings or disputes.

What Should Be Included in the Cancellation Policy of a Short-Term Lease Agreement?

A cancellation policy in the agreement should specify the conditions under which a renter can cancel their reservation, any applicable penalties or fees, and the timing of cancellations (e.g., notice period). Common types of cancellation policies include flexible, moderate, strict, or non-refundable options.

Is There a Maximum Limit for Security Deposits in California?

Yes, in California, the maximum security deposit amount is generally limited to two months' rent for unfurnished properties and three months' rent for furnished properties.

Can I Include Additional Rules in a Short-Term Rental Contract?

Yes, you can customize a Short-Term Rental Agreement to include additional rules, terms, or clauses that are relevant to your specific rental situation. These may include rules about security deposits, access to the property, property condition, and more.

Is a Verbal Agreement Sufficient for Short-Term Rentals?

While verbal agreements may be considered valid in some cases, it is highly recommended to have a written Short-Term Rental Agreement. A written agreement provides clarity, protects both parties, and serves as legal documentation in case of disputes or conflicts.

What Information Should Be Included in a Rental Agreement in California?

A comprehensive rental agreement in California should include details such as the names of the landlord and tenant, the property address, the amount of rent, the due date, the duration of the lease, security deposit terms, and any specific rules or provisions agreed upon by both parties.

How Long Is the Typical Duration of a Monthly Rental Agreement in California?

The duration of a temporary housing contract varies, but it is generally for a short-term period, such as one to six months. The exact timeframe is specified in the contract.

Short-Term Rental Agreement Sample Template

A short-term rental agreement sample is a template document that outlines the terms and conditions of a short-term rental arrangement. It includes details such as property information, rental dates, payment terms, rules, and responsibilities. These samples serve as a starting point for creating customized rental agreements.

Vacation Rental/Short-Term Lease Agreement Example

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