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Making a Timeshare Lease
As a landlord, timeshare properties can be lucrative, but if you're welcoming numerous people onto your property, you need to make sure that it's properly cared for, that rent is paid on time, and that your rules are followed. By making a Timeshare Lease, you can safeguard yourself when you are offering your property for rent. With signatures from the tenant and the property owner, this document can help to set appropriate expectations and reduce the risk of disagreements. When ready, you can click the button that says "Make document" to check out our Timeshare Contract example.
As with any other legal agreement, Timeshare Leases are not legally binding until they are signed by the landlord and all tenants. This is not a run-of-the-mill Timeshare Lease template. Any Timeshare Rental Agreement under a Rocket Lawyer membership is supported by Document Defense®, an optional benefit designed to help enforce your rights.
Regardless of whether your property is new or many years old, it's crucial to keep track of all rentals with a lease. The following list of benefits might help to inform your decision to use one:
Some consequences of not signing this document may include late rent, damaged property, unauthorized tenants, and inconvenient move-out dates.
To complete your Timeshare Lease, you'll need:
As you might hope, the Timeshare Leases that you build using Rocket Lawyer also include legal language about late rent, smoking and/or drug use, short- or long-term guests, pets, and moving out before the rental period ends. In the process of building your document, you also will be able to include information about maintenance procedures, furnishings, and insurance requirements. With the Rocket Lawyer document tool, you have the ability to implement additional custom edits, as well.
Fortunately, you won't have to start from scratch when putting your agreement in writing. With the document tools on Rocket Lawyer, anyone should feel empowered to draft a free Timeshare Lease very easily. Your agreement is built piece by piece, so you can be sure that it has all of the appropriate information that you'll need. Typically, given the level of personalization, you might end up paying a traditional law firm a few hundred dollars, if not more, in fees.
When you are ready to complete your Timeshare Lease, it will need to be signed by both parties. With RocketSign®, you can do this online. As a best practice, make sure that the tenant receives copies of your fully executed agreement. With a Premium membership, you also may save it in PDF format or as a Word file, make a copy, and print it out when needed. Also, feel free to take a look at our entire selection of real estate legal documents.
The law continually evolves over time and it can vary from town to town. If you have any particular hesitations or concerns about local rental laws, ask an attorney. The answer will vary depending on whom you ask, but quite often some lawyers may not even agree to review your rental contract if they weren't the author. A more favorable approach might be to request help from the Rocket Lawyer On Call® attorney network. If you sign up for a Premium membership, you have the ability to ask for a contract review from an experienced lawyer or send other questions related to your Timeshare Rental Agreement. We are always here to support you.