A property management or co-hosting agreement between a property owner and a co-host, who acts as the property manager, is incredibly important. This agreement serves as a clear guide that outlines the responsibilities of each party, ensuring that everything runs smoothly.

It covers tasks like guest communication, property upkeep, pricing, and how to handle any issues that might arise. By having this agreement in place, both the property owner and the co-host know what is expected of them, which builds trust and fosters effective communication. This, in turn, leads to a better experience for guests and helps to maximise the property’s rental potential.

In a booming short-term rental market, a well-crafted property management or co-hosting agreement is essential for a successful and profitable partnership.

Consult legal experts for personalised guidance before finalising any property management agreement.