Vacation Rental Lease Agreement: Fill & Download for Free

What is the difference between rent and lease?When you are considering to rent out a property, you will need to decide if you wish to offer your tenant(s) a rental or a lease agreement. However, it looks that these terms are often used interchangeably, their meanings differ. Before you rent out your property, be sure to take into account the differences between a lease and a rental agreement so you can make the best choice for your situation.How are rent agreement, lease agreement, and leave and license agreement different from each other?Here are the most important differences everyone who is asking himself or herself this question should understand:Rental AgreementsRental agreements are often shorter and allow owners to rent properties that might not be desirable to long-term renters. A rental agreement differs from a lease agreement because it is not a long-term contract and usually occurs on a monthly basis. Such month-to-month lease agreement expires and then renews each month upon agreement of the parties involved. So they often have no long-term requirements. At the end of each thirty-day period, both you and your tenant are free to change the rental agreement (subject to local rental laws).Rental agreements, therefore, have more leeway. However, either the tenant or the landlord can alter the terms of the agreement at the end of the period. Think about changes like raising the rent asking the tenant to vacate the property or modifying the initial terms agreed. However, often both landlord and tenant need to mutually agree and give a period of notice before any modifications can be made. A landlord must give a proper notice to quit, however, prior to requesting the tenant leaves the property.This video shows an explanation of a sample rental agreement, that is also easy to modify for lease:Lease agreementsIn comparison to rental agreements, a lease has a set term, often for long periods of time, usually a period of 12 months, during which the tenant agrees to rent the property. A lease agreement is a contract between a landlord and a tenant that covers the renting of property, usually or more. The lease agreement is very specific in detailing the responsibilities of both parties during the lease and it includes all the necessary terms to provide protection to both parties.During the duration of the lease, both must adhere to the lease agreement. For example, tenants agree to make monthly rent payments and follow the other obligations in the lease. This ensures that the landlord cannot at random just raise the rent fee and the tenant cannot just leave the property whenever he or she wants to, without any consequence.The lease agreement is effective for the specific time mutually agreed and is then considered ended. If the tenants wish to remain in the property, both parties must enter into a new agreement. So, therefore, neither party is able to change any terms until the lease period expires. Unless both parties mutually agree to the change the terms. A lease agreement, on the other hand, is advantageous to a landlord by providing the stability of guaranteed, long-term income. It is advantageous to a tenant because it locks in the rental amount and length of lease and cannot be changed even if property or rent values rise.Leave and Licence agreementsA leave and license agreement is a specific kind of agreement wherein the licensor temporarily allows the licensee to use licensor's immovable property full or a portion of it, for the purpose of carrying business activity or residential use. A rental or lease agreement is creating a transfer of interest from the owner to the tenant. However, with a 'Leave & License,' it ensures that there is no transfer of interest from the Owner/Licensor ( person or company with exclusive legal rights over something other than selling) to the Licensee. It is a License to occupy and use the premises in the mentioned duration on mutually agreed terms.Source: Lease Rental Agreement template

You wrote in a comment:My lease mentions no subleasing without permission and landlord background check- but nothing specifically about guests or airbnbSo what is subleasing exactly? Well it depends on your state and your municipality.Subleasing Laws Vary by StateOne of the most confusing parts about subleasing is that the laws governing it vary by state. You’ll want to look up the laws for your state before you consider it.“Different municipalities have varying laws regarding subletting — where most leave it to the [property manager] to decide, some jurisdictions, such as San Francisco or New York City, have guidelines where lease agreements cannot prohibit subleasing under certain circumstances,” says Olson.Check With Your Property ManagerBefore you sublet, you’ll want to check with your property manager to make sure it’s OK with him or her.“This is referred to as a sublet permission, where the tenant will either be allowed to sublet the apartment to someone else (the subtenant) with the [property manager’s] approval beforehand or be denied the option to sublet,” says Olson. “A subtenant should open clear communication with the landlord to ensure that the tenant is following the proper rules and regulations as stated in the lease.”That way, you also can discuss what the subtenant is responsible for or not. For instance, if you’re subleasing, you may not have to pay utility bills.https://www.forrent.com/blog/apartment-hunting/subleasing-guide/If you are charging people to be in your home, they are not guests. They are subletters. So the fact that there is nothing in your lease about guests means nothing.Airbnb is a vacation rental company. Rental being the operative term.So, according to your lease, you do need to notify your landlord about anyone who will be renting your apartment prior to them taking tenancy or you will be violating your lease terms, allowing your landlord to terminate your lease.

I have read over 90% of the answers to this question and after doing that, I think *I* have the most unusual item left behind after someone moved out.In 2010, I was living overseas. But, I found a nice, two bedroom condo with an attached garage that I felt would be perfect for me to have for when I came home for vacations. I planned to store my car in the garage (years previously my sister had stored it beside her garage in Ohio) so it wouldn’t be out in the weather and I could have access to it the moment I arrived.But, the agent selling me the house said she had a client who was downsizing after the death of her husband and needed time to find a new place. She encouraged me to rent to her but said I should do it without a lease agreement and just ‘trust’ her judgment about this woman. She promised me that I wouldn’t be sorry and that this woman would take excellent care of everything.I had rented out another house years back with an agent in charge of finding me tenants and had lived to regret it, but I didn’t have much time left before *I* had to go back overseas and I needed to make a decision. I said yes. Leaving my car out for one more year would be ok.What had originally been planned as a one-year rental turned into two, when I was unable to make the move due to illness. I agreed to let her stay on so I would have the money to cover the mortgage - I was unable to work at all.Two years after she moved in, I was about to let her know that I wanted to take over the unit when she let me know she had found one to buy and was moving out. Timing couldn’t have been better. I hadn’t been able to check on the unit during those two years and had no idea what to expect when I arrived.NOTHING could have prepared me for what I saw when I opened the door. The unit looked as pristine as it had the day I bought it. Every appliance was spotless. The floors, windows and walls had no foreign blemishes. The carpets were clean and odor-free. The plumbing flowed smoothly. I couldn’t have asked for a better tenant. She never missed a rental payment and she left the house in better shape than she found it.After what I had seen my previous tenants do to my house, you could have knocked me over with a feather!