Archive for April, 2011

Tips For Preparing A Vacation Home Rental Agreement

I have encountered many vacation home owners who rent without a written contract. They do so at their own risk. Although the majority of vacation renters are very good, and go out of there way to keep your property in order, it just takes one bad renter incident or one misunderstanding that can really spell trouble.

For example, I had an experience where 12 people showed up to rent an island rental home that only specified an occupancy limit of 6 in the advertising and contract. A dozen people in a smaller place can put a lot of wear and tear on the property, not to mention utility use. If there had not been an occupancy limit in the contract, it would have been more difficult to enforce, and ask the additional people to find another place. Another reason to have an occupancy limit is to restrict large parties in the vacation home. You many not want renters to hold parties of fifty people in your 4-6 capacity person home for weddings, reunions, etc.

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Precisely What Insurance Coverage Can A Renters Insurance Policy Propose For You?

Individuals often presume that it is just your possessions that are covered under a renters insurance policy yet this is not generally the case. As with all insurance plans certain policies are better than others so it pays to read the fine print.

Some insurance policies of this sort will provide you with cash towards your expenses in case you need to be moved due to a fire or other dilemma in your present accommodation. We insure our belongings in case they are damaged by fire yet if our home was damaged too, exactly where would we live? It helps considerably if your insurance policy will deal with the rent payments in a new home while you are waiting for the older one to come to be habitable once more.

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