Top 15 Questions To Ask When Viewing A House
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If you are letting short-term accommodation or a holiday let, then having an agreement in place between yourself and your tenants is essential. Holiday lets are a popular form of property investment that can be very lucrative, but many landlords aren’t sure what kind of agreement to use and what it should include. Having an agreement helps to avoid any confusion or disappointment from either party involved, and helps protect you and your property. You can use our holiday let template below, adapt it to your own needs, and use it as many times as you need.
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ToggleA holiday let agreement is a type of tenancy agreement used for short-term or holiday lets. These are used for lets where the tenants are staying in the accommodation on a short-term basis, e.g. for a holiday or other short visit to an area, and their main residence is somewhere else. Unlike Assured Shorthold Tenancies or AST, there is no standard legal format that a holiday let agreement should take, but you should still create one for you and your tenants’ legal protection and peace of mind.
It’s recommended to have a holiday let template that will set out the exact details of the holiday let that both the landlord and tenants agree to. The holiday let agreement can help to avoid disputes between tenants and landlords, and if there are any disagreements or misunderstandings, this agreement can help to prove that the tenants were aware of the tenancy length and property rules in advance of their stay. Much like other agreements, they become a legally binding contract once signed by both parties, although they must be reasonable and not in breach of consumer laws. A holiday let template establishes that the occupancy is for short-term purposes only, which prevents tenants from acquiring rights under the Housing Act of 198, making sure that you, as the landlord, maintain control over the property and can regain possession easily when the tenancy ends. The agreement also establishes clear payment terms, including deposits, the responsibilities of both parties regarding property maintenance and who is responsible in the case of any damages.
Much like a regular tenancy agreement, it sets out clear expectations for you and your tenants, detailing how long their stay will be, the tenant’s details, including contact information and their home address, details of the holiday let property, rules for use of the property, cancellation information, and more. See below for our full template.
You can make your own holiday let agreement that is tailored for your specific property and can be used again and again for every tenant who stays in your holiday let.
See below for our holiday let agreement template. This is just a template and may not cover everything relating to your specific property, so please read it through carefully, add any extra clauses that you need, and have a legal professional check it over before use to ensure it is suitable for your needs.
This agreement is for a holiday let only. The tenant may occupy the property solely for holiday purposes, and this does not provide any security of tenure under the Housing Act 1988. If it becomes clear the lease is not for a holiday, e.g. due to a long stay, the Courts may treat it as an Assured Shorthold Tenancy. The rental terms are set out in this agreement.
Date of Agreement: | ||
Property address: | ||
Landlord: | ||
Landlords address: | ||
The Tenant(s) details: | ||
Lease term (in days): | ||
Start date/end date: | DD/MM/YY | DD/MM/YY |
Rent (per day/week) | £ | |
Payable in advance? | Weekly/in advance | |
Deposit: | £ |
Signed by the landlord: | DD/MM/YY |
Signed by the tenant(s): | DD/MM/YY |
You can include your terms and conditions for your property here. Consider including:
You can include more terms and conditions here as they relate to your specific property and amend these as you see fit. You should get a copy of this agreement signed by yourself and your tenant, and provide a copy to both parties. You could also include a property inventory, detailing all furniture and other items included in the property, as there are often more items included holiday rental property than a residential let which should be accounted for. Guests may expect towels, bedding, kitchen items, pots, pans, cutlery, plates, etc., as they wouldn’t usually bring these from home while on holiday.
You don’t need a holiday let agreement for your insurance to be valid, but I strongly recommend having one. It can help prevent future disputes and make things much easier if issues arise with guests. While holiday let insurance isn’t a legal requirement, it’s highly advisable. Without it, you could end up covering the cost of any damage that you can’t prove was caused by tenants. I’d also recommend taking out contents insurance to protect the items inside your property.
To learn more about investing in holiday lets or other kinds of property, learn from our team of property gurus at one of Assets For Life’s FREE property events – just click the button below to sign up or find out more.
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