Updated over 1 year ago on . Most recent reply
Lease Agreement Scared Away Airbnb Prospect
A few days ago I finally listed my first rental property on Airbnb as a MTR (due to Long Beach regulations regarding ADUs). Today someone made a reservation request for a month-long stay. She was initially fine with a lease agreement, but cancelled once she saw it. Said it was too intense. It's just a standard lease agreement from Avail.com (which appears to be the same form from AOA), with minimal tweaks from an attorney.
That said, I kind of agree with her since it's a standard dlease (19 pages long!). Anyone here do lease agreements alongside Airbnb bookings? If so, do you use a standard lease? or is it pared down?
Super frustrated. I was excited for my first booking!
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#1 Medium-Term Rentals Contributor
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- Asheville, NC
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#1 Medium-Term Rentals Contributor
- Lender
- Asheville, NC
If you're in the 30-day stay realm, you absolutely need a lease agreement, especially in California. Do not budge on this or you're giving up any potential protections you have as a landlord and that is going to bite you. No 30-day airbnb booking is worth it. I've used the Avail leases before and a lot of those pages are dedicated to required CA disclosures like the lead paint acknowledgement. One way to state it for your potential guest is that the lease has a lot of language required by the state of CA but, at the end of the day, it protects both of you so it's a good thing. If they're not ok with that you've dodged a bullet. Some people prey on landlords who don't know any better. If you really don't want to use the Avail template, have a real estate attorney draw up a condensed version for you. But 99% of midterm guests are not going to balk at the lease you're already using. If they're renting midterms, they're used to it.