Luxury condos, as opposed to the standard vacation rental, are the new way many people are choosing to spend their vacations. When you consider why you take a vacation, it’s because you’re trying to get away from the busy world you inhabit day in and day out. You are also taking a vacation from your usual world, and this includes your own home. A luxury condo places you in a world that has a bit of spice and adventure because it feels like you are a world away.
This is vacationing in style, but this means you’re paying a little more money than usual, and the last thing you want to do on vacation is lose money. Travel experts insist that the number one way vacationers lose money on luxury condo rentals is that they don’t take the time to think about the baggage (figurative, not literal; too, if any) that comes with it. type of rental contract.
Here are five things to consider before signing on the dotted line:
1. Rental Agreement – Look for any additional fees and details about the rental price. Also, check to see if there are any issues with the rules and restrictions that bind you financially. It wouldn’t hurt to have a third party review any paperwork in case you missed something.
2. Documentation: Review and verify your rental for problems, whether simple or serious. These need to be addressed as soon as possible. Being able to tour the property should be an option. If not, you may need to make sure you have a backup plan in case you have to leave.
3. Ask about the ‘friendliness’ of the condo: If you know you’ll be bringing your family, you’ll want to know ahead of time if you can move things in your condo to avoid an accident. If there is any damage, do not cover anything.
4. Cleaning? – You’re on vacation and the last thing you want to do is keep up with the chores, especially when you’re in a luxury condo. Knowing ahead of time if there is a need to maintain a super clean environment per the lease can hinder your style and be one reason why renting a particular condo may not be for you.
5. Know your rights: Tenants can be left out and feel like they have no rights. The fact is, renters have rights as consumers, and while this can vary from state to state, you also need to do some homework. The last thing you want to do is get ripped off or painted in a corner on your rental agreement.
Because you’re thinking of renting any number of luxury condos, you may be spending a little more than you normally would. As such, please keep a record of any correspondence you have regarding any part of your rental transactions. Also, be a smart consumer and be tired of anything that seems too good to be true.
