Short Term Rental Dictionary

Words

Deeded access

A written and filed right to have complete access to a certain property. For example, if you purchase property near a lake but not on the shorefront, your house might have deeded access through the neighboring land to get to the lake.

Deeded access Read More »

Damage deposit

Sometimes called a breakage deposit or security deposit. This is a refundable sum of money (typically around $200 or 10% of the rental rate) which a property owner collects from their guests in addition to the total booking amount. The deposit guarantees that guests return the property in the same condition they found it. In

Damage deposit Read More »

error:
Scroll to Top

Can't find meaning on the site?