Airbnb Lease Agreement

As the sharing economy continues to thrive, many homeowners are turning to Airbnb as a way to earn extra income by renting out their space to travelers. However, before listing your home or apartment on Airbnb, it’s important to have a solid lease agreement in place that protects both the host and guests.

Here are some key things to consider when drafting an Airbnb lease agreement:

1. Short-term rental purpose: It’s important to clarify that the lease agreement is for short-term rentals only, meaning the guest is only renting the space for a limited amount of time. This can be specified in the lease agreement by listing the exact dates of the rental period.

2. Rental fee: The rental fee should also be clearly defined in the lease agreement. This can be a flat rate per night or a set amount for the entire rental period. It’s also important to specify whether the rental fee includes additional fees such as cleaning or taxes.

3. Security deposit: To protect against damages or extra cleaning fees, hosts should require guests to provide a security deposit. This deposit should be clearly stated in the lease agreement and can be returned to the guest at the end of the rental period if no damages occur.

4. House rules: It’s important to establish house rules to ensure both the host and guest have a clear understanding of what is expected during the rental period. House rules can include things such as noise restrictions, pet policies, smoking policies, and maximum occupancy limits.

5. Liability: The lease agreement should also include a liability waiver that protects the host from any accidents or injuries that may occur during the rental period.

6. Insurance: Hosts should also ensure they have adequate insurance coverage. Airbnb offers a Host Protection Insurance policy that provides up to $1 million in liability coverage for hosts, but hosts should also review their own homeowner’s insurance policy to ensure they have proper coverage.

By having a comprehensive Airbnb lease agreement in place, hosts can protect themselves and their property while also ensuring a positive experience for their guests.