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A Short-Term Lease Agreement, sometimes also called a Short-Term Rental Agreement, is a document that outlines the responsibilities of the person renting out the physical space, often called a Lessor, and the short-term tenant often called a Guest. In all Lessor-Guest relationships, even including those that exist between friends or family members, having a written lease that outlines all of the terms and conditions of the rental is a necessity. Regarding rental properties, having everything agreed in writing may help deal with disputes.
In short-term rentals, the property is leased for temporary or seasonal use, and not for any other use such a commercial or residential use. A short-term rental is different from a Subtenancy Agreement, as the latter is for residential purposes. Because of the nature of a short-term rental, like a vacation rental, a short-term rental agreement is usually different than a full lease. In this lease, as is any type of lease, the lessor gives the basic information about the rental property: how much it will cost, when and how the payments should be made, and what the term is. In addition, in short-term rental, there are usually also more day-to-day details included, like any specific rules for the rental (what areas can and can't be used, whether pets are allowed, whether smoking is permitted, etc.) and more specific information (down to even how the trash gets disposed of).
A good short-term lease agreement should have as much information possible to let the guest know what is expected and how to behave and also ensure the lessor is protected in case things go wrong.
Short-term lease agreements can be very short, like a week or less, or up to a few months. It depends on what is appropriate for the lessor's needs.
If the situation is a traditional longer-term lease, like an apartment lease, for example, a standard residential lease agreement is likely the document needed.
How to use this document?
Before using this document, it is preferable that the Lessor verifies with the municipality in which the rental property is located that short-term rentals are allowed. Some municipalities have restrictions and rules regarding short-term rentals.
This Short-Term Lease Agreement will help a Lessor create a document that has all the information and rules required for a Guest to undertake a short-term rental of the Lessor's property. Here, Lessor can list basic information, such as guest names and addresses, dates of the rental, and check-in/check-out times. The lessor will also be able to include more detailed information, such as a list of specific rules for the rental of the space.
The Lessor will also be asked to outline the means and method of payment. Overall, this short-term lease agreement will provide everything needed between the parties to ensure a good relationship between Lessor and Guest.
Once the document is filled out, all the parties (guest(s) and lessor) must sign the agreement in order for it to be valid.
Lease Agreements in Canada are generally subject to territorial and provincial laws. Provincial and territorial laws will cover general contract principles, but also the specifics of lease agreements between two parties.
Short-Term Lease Agreements are also subject to municipal laws, as some municipalities prohibit or restrict short-term rentals.
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