Hosting an Airbnb as a renter is similar to subleasing, where you remain a tenant while assuming landlord-like responsibilities. The main difference is that short-term rentals through third-party platforms come with additional hosting responsibilities.
An Airbnb rental agreement is a legal contract between you and your guests, which sits outside of the Airbnb platform, giving you additional legal protection in any guest malpractice event. But what should you put in the rental agreement? How do you send it to your guests? And what are the downsides?
While Airbnb provides a basic agreement structure, hosts often find that crafting a more personalized agreement brings an added layer of security. To create the perfect Airbnb rental agreement, bear in mind Airbnb's guidelines, your property's unique features, and any local regulations.
Instead of taking this chance, you should talk to the landlord and get his or her permission before you ever list your apartment on Airbnb or another short-term hosting site. (See How to Sublet a Rental Unit for more on the subject.)
Adding an addendum to a residential lease agreement is a straightforward process, but it should be done carefully to ensure clarity and enforceability.
Explanation: Airbnb primarily deals with two types of contracts; the rental agreement with the hosts, and the host-guest agreement. These contracts act as agreements to define rights, obligations, and responsibilities in their business model. Insurance is also a crucial part of the Airbnb model.
Duration of Stay and Residency Typically, short-term guests are considered visitors, while those with extended stays may gradually acquire tenant status. This transition can vary by jurisdiction, with some areas stipulating specific timeframes that distinguish guests from tenants.
But does Airbnb allow rental agreements? Yes! As a host, you have the power to require guests to sign an agreement before their stay. However, the terms of this contract must be fully disclosed in your listing description and communicated in your direct messages with the guest.