(Closed) Vacation Rental Home Questions

posted 6 years ago in Travel
Post # 3
2889 posts
Sugar bee

If you have a contract to rent the place, the contract should be sold with the house. I was looking at buying a vacation rental and talked to a realtor who mentioned that she suggests the sellers keep the place rented as it is more appealing to potential buyers to see the expected income and rent potential. If you see the house for sale, just ask what that would mean if it sells, before you sign the contract.

Post # 5
1 posts

Some of our properties that we manage as vacation rentals are also for sale. It is written into our owner contracts that, in the event the house goes to contract, a rental that has been confirmed (paid in full with rental agreement received) must be accommodated.  But, if we think a house has a good chance of selling quickly, we err on the side of caution and won’t rent it more than three months in advance (that is the typical time it takes to close on a sale here in the Catskill Mountains).

I recommend that you contact the owner or property manager and confirm that this is the case for this house. Then write an addendum to your rental agreement that your reservation is guaranteed, even if the house is sold before your reservation dates; that your rental contract will be included in the terms of the sale contract. Be sure it is signed by the owner/manager.

The house pictures with no furniture that you ssaw on Zillow might be old pictures that were taken for the site before the house was designated as a VR.  Or the furniture was removed to make the rooms look bigger on the site. Regardless of the reason, I suggest that you confirm that the furniture in the VR site that you saw is actually the furniture you will be sitting on.  And/or ask for new pictures.

Making sure a refund policy is in place is always a good idea but be clear on the terms of the refund. If you are left without a place to stay a month before your arrival, then a refund will only be so much help.. You’ll need a new place to stay… and fast. And you won’t want that stress so close to your wedding day!

If, after all your preparation, you still feel uncertain about this VR being there when you need it, I suggest you back away and go with your second choice. Anything that reduces stress  around wedding time is a good thing. Knowing that your honeymoon house is 100% guaranteed means one less thing to worry about!


Post # 6
6544 posts
Bee Keeper
  • Wedding: September 2012

I live in a resort area where most people rent beach cottages. Pretty much ALL the cottages are always for sale. They change owners a lot, for various reasons. These places rent a year out, and it’s never been an issue. I’m pretty sure there are some legal obligations to fulfilling a rental agreement when purchasing a property. So the new owner has to honor the previous rentals, but can stipulate that after a certain date no new rentals will be accepted. That being said, MOST people buying these types of properties have every intention to continue renting them anyway. That’s typically how most people afford to have a vacation home, through supplementing the costs by rentals. The only thing that they would most likely change would be deciding to rent their property through a different rental company. However, I’m still pretty sure they’d have to honor all previous rentals before changing management companies. 

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