Monday, 14 March 2011

When to Pay For A Rental Home

By Dan Eduard White


Before booking vacation home rentals there are many nuances which must be fully understood. Almost all are related with cash. Specifically, the deposit and then paying for the whole stay before you get to the home. It's my understanding that several countries around the world operate on a pay-when-you-get-there system, yet in the us, for the most part, it can be different. You pay for the entire stay prior to leaving your own property. This informative article talks about what you need to expect concerning your deposit money when going into the holiday leasing transaction.

Dependant on the period of time, there are normally two sets of monies sent: First will be the down payment, including booking, cleaning, pet, and damage. The 2nd will be the "remaining balance."

In relation to accommodations free rental listings, renters will probably be obligated to send in the above mentioned deposits at one time and then submit the remaining balance at another. If you're booking the vacation home within 60 days of travel you'll, most probably, be paying the whole thing in a single fail swoop. Basically, you'll be sending money to cover the deposit(s) and the accommodation amounts all at one time.

Consequently, should you have your heart set on a certain property, the houses for rent agent will ask you for the deposit, the remaining balance and a signed rental contract. If you want to move ahead with the rental agreement then get right down to the specifics as to how they can receive money from you.

How this works to you, as the renter, is that when you will decide to remain at a certain property, it's important to send some cash to the owner/agent to take the real estate off the market and reserve it for your stay. Dependant on how far out you are booking, it may be a deposit only then the remaining balance or it might be both simultaneously.

Once you send money, in any format (credit card, check, paypal) you should think of itemizing what the money will be used for and when they will be returned. However you send your money, send an email together with a return receipt request. In that email itemize the dollar amounts.




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