If you`re considering hiring a property caretaker to look after your rental property, it`s important to have a written agreement in place. A property caretaker lease agreement lays out the terms of the arrangement between you and the caretaker, and can help ensure that both parties are on the same page.
Here are some things you should consider including in your property caretaker lease agreement:
1. Duties of the caretaker: Clearly outline the responsibilities of the caretaker, such as regular cleaning and maintenance tasks, landscaping, and any other tasks specific to the property.
2. Compensation: Detail how the caretaker will be compensated for their services, whether it`s a flat rate, hourly rate, or a percentage of the rental income.
3. Duration of the agreement: Specify the length of the caretaker`s term, including any renewal options.
4. Termination clauses: Include provisions for how the agreement can be terminated by either party, and any notice requirements.
5. Access to the property: Detail how the caretaker will access the property, such as via a key or code, and any restrictions on when they can enter the property.
6. Liability and insurance: Consider liability issues and whether the caretaker will be required to carry insurance, and what type of insurance is appropriate.
7. Dispute resolution: Include provisions for resolving disputes, such as mediation or arbitration.
A property caretaker lease agreement can help protect both you and the caretaker, and can provide a clear understanding of expectations. It`s important to have a lawyer review any agreements before signing to ensure they are legally sound and appropriate for your specific situation.
In addition to a written agreement, it`s also important to maintain open communication with your caretaker to ensure the property is being adequately cared for and any issues are addressed in a timely manner.