What to Include in Your Corporate Housing Lease Agreement

Admin
Published Date: 2024-03-16

When you offer corporate rentals, a lease agreement is an important thing to have available. It lays down your expectations and rules for those who choose to stay at your property. However, knowing you need this document and deciding what to include in it are two very different things.

Today, we’ll be sharing the most important things to include in your lease agreement for short-term rental apartments.

Information to Include in a Lease Agreement

It’s important to include the right information in a lease agreement since it is legally binding. When writing this document, make sure the first section includes information about the tenant, such as their contact information and reservation number.

You also want to add a section describing your property. The phone number and address are important, but you want to include details about parking access, how many bedrooms and bathrooms are in the unit, and similar information, as well.

Part of the lease agreement will focus on the terms of the situation, including the following:

• When the tenant will arrive and leave
• Check-in and check-out times
• Policies on extending the lease
• Deposit amount if applicable
• Cleaning costs if applicable
• Monthly rental rate
• Departure fees if applicable
• Pet policy specifics

You should note when the rent is due and other details as needed. If you need assistance with crafting your lease agreement, you can also seek out a legal professional to help. They will have experience creating these documents and can make sure nothing important goes unsaid.

Other Needed Documentation

A lease agreement isn’t the only documentation you’ll want to have for your corporate rentals. First, a renter will submit an application. At that point, if approved, you’ll want to provide the following documents:

• Confirmation of the booking
• A rental agreement
• An invoice for the initial payment
• Additional information, such as pet or cleaning policies

Now that you know what should be included in a lease agreement for short-term rental apartments, you’re that much closer to having tenants. When you’re ready, make sure you post your listing on CHBO with all the information a guest could need. It’s a great way to get people into your corporate rentals quickly and easily.