SAMPLE VACATION RENTAL AGREEMENT
THIS IS A VACATION RENTAL AGREEMENT UNDER THE NORTHCAROLINA VACATION RENTAL ACT. THE RIGHTS AND
OBLIGATIONS OF THE PARTIES TO THIS AGREEMENT ARE DEFINED BY LAW AND INCLUDE UNIQUE
PROVISIONS PERMITTING
THE
DISBURSEMENT OF RENT PRIOR TO TENANCY AND EXPEDITED EVICTION
OF TENANTS. YOUR SIGNATURE ON THIS AGREEMENT,
OR
PAYMENT OF MONEY OR TAKING POSSESSION OF THE PROPERTY AFTER RECEIPT OF THE AGREEMENT, IS EVIDENCE OF YOUR ACCEPTANCE OF THE AGREEMENT AND
YOUR
INTENT TO USE THIS PROPERTY AS A VACATION RENTAL.
1.
Premises. (Description of individual
house entered here).
2.
Term. (Description of dates and
times entered here).
3.
Rent. Tenant agrees to pay
rent for the Premises
in accordance
with
paragraph 4 below.
4.
Financial Terms. (Description of individual rental entered here)
*If trip interruption insurance is
not desired, deduct cost from Total
above and initial here: .
NOTE: Tenant's decision with respect to the purchase of trip
interruption insurance will affect Tenant's right in the event of a mandatory evacuation.
See
Paragraph 12 below.
**Initial here to decline non-refundable Damage Waiver
and elect to pay
refundable Security Deposit:
***Tax rates are calculated
as of the
time
of
this Agreement. Tenant
shall be
responsible for payment
of
all applicable taxes according to rates in effect at
the time
of occupancy.
5. Disbursement of Rent and Third Party Fees. Tenant authorizes Agent to disburse up to fifty percent (50%) of the rent set forth in paragraph 3 above to the owner (or as the owner directs) prior to Tenant's occupancy of the Premises, and the balance of the rent upon
the
commencement of the tenancy, a material breach of this Agreement by Tenant, or as otherwise permitted under the Vacation Rental Act. Tenant agrees to pay a $25.00 processing fee for any check of Tenant that may be returned by the financial institution due to insufficient funds or because Tenant did not have an account at the financial institution. Tenant also authorizes Agent to disburse prior to Tenant's occupancy of the Premises any
fees owed to third parties to pay for any
goods, services, or benefits procured by
Agent for the benefit of Tenant, including but not limited to any fees set forth herein payable to Agent for reservation, Transfer or cancellation of Tenant's tenancy.
6. Security Deposit Protector/Security Deposit. Karichele is now offering a non-refundable Security
Deposit Protector which protects you from accidental damage to leased premises
or contents during your stay. The cost
of the Security Deposit Protector has been included in your Agreement. A brief description of the Security Deposit
Protector is included in your Lease Agreement. PLEASE READ IT CAREFULLY. Should
you elect not to purchase the Security Deposit Protector, please initial the
Agreement where indicated and subtract the amount from your 2nd
payment. You may elect to take either the non-refundable Security Deposit
Protector or pay the refundable Security Deposit applicable to the property you
are leasing. Any security deposit provided for in paragraph 4 above may be applied to actual damages caused by Tenant as
permitted under the Tenant Security Deposit Act. In addition, Agent may deduct from the security deposit the amount of any unpaid
long distance or per call telephone charges and cable television charges that are not specifically described in this Agreement (including
any addendum hereto) as being included with the Premises. Agent shall apply, account for, or refund Tenant's security deposit within
45 days following the end of the
tenancy.
7. Trust Account. Any
advance payment made by
Tenant shall be deposited in a trust account with
Bank of Currituck located
at
Moyock, NC . Tenant agrees that any advance payment may be deposited in an interest-bearing trust account and that any interest thereon shall
accrue for the benefit of, and shall be paid to, the owner (or as the owner directs) as it accrues and as often as is permitted by the
terms of the
account.
8. Tenant Duties. Tenant agrees to comply with all obligations imposed by the Vacation Rental Act on Tenant with respect to maintenance of the Premises, including but not limited to keeping the Premises as clean and safe as the conditions of the Premises permit
and causing
no unsafe or unsanitary conditions in the common areas and remainder of the Premises that Tenant uses; and notifying Agent in writing of the need of replacement of or repairs to a smoke detector, and replacing the batteries as needed during the tenancy. Tenant agrees not to use the Premises for any activity or purpose that violates any criminal law or governmental regulation.
Tenant's breach of any duty contained in this paragraph shall be considered material, and shall result in the termination of Tenant's tenancy.
9.
Agent Duties. Agent agrees to provide the Premises in a fit and habitable condition. If at the time Tenant is to begin occupancy of the Premises, Agent cannot provide the Premises in a fit and habitable condition or substitute a reasonably
comparable property
in such condition, Agent shall refund to Tenant all payments made by Tenant. Agent shall conduct all brokerage activities in regard to this Agreement without
respect to the race, color, religion, sex,
national
origin,
handicap or familial
status
of any tenant.
10.
Cancellation. In the event of a cancellati