Rules and Regulations for Use of Vacation Condo | Mexico
Write up a set of Rules and Regulations for users of a time-share vacation condo with this comprehensive template for resort condos in Mexico.
The Rules and Regulations establish how the time-share condo is to be used by members, including:
- an explanation of the condominium project's Points System,
- how to acquire, transfer, exchange and sell Points to other users,
- how to use the project's reservation system,
- general rules and restrictions on use,
- unacceptable behavior of users and guests,
- cleaning and maid service,
- furnishings and equipment in the condo.
This template is provided in MS Word format, and is fully editable.
Right of Use Agreement for Vacation Property
Do you own a vacation property in common with one or more other owners? Set out the rights and obligations of the co-owners with this Right of Use Agreement.
- The Agreement outlines the use periods for each co-owner / tenants in common during the calendar year.
- Each co-owner has the right to sublease the vacation property to someone else during their assigned use period if they are unable to use it.
- Procedures for leasing to third parties during the balance of the year.
- Provisions for retaining a property manager to look after the property during those times when the co-owners are not there.
- Allocation of payment of taxes, costs and expenses among the co-owners.
- Procedure for selling, mortgaging or dealing with a co-owner's interest if the other co-owners have no pre-emption rights.
- If there are pre-emption rights, the other co-owners have a right of first refusal before any co-owner can deal with his/her percentage interest.
- The Right of Use Agreement can be used for vacation properties almost anywhere in the world.
- Available in MS Word format and fully customizable to meet your specific needs.
Property Management Agreement for Vacation Properties
Do you manage vacation or time share properties on behalf of the owners? Easily create your Property Management Agreements with this ready-made template.
With this customizable template, you can easily create a comprehensive contract for the owners outlining all responsibilities and expectations. The agreement template can be used for individual owners, or for a group of owners in a resort or condominium.
Scope of Property Manager Duties
The property manager’s responsibilities include marketing the vacation property to attract potential renters, securing rental agreements, collecting rental payments and other applicable fees, and distributing the proceeds to the property owner.
Additionally, the manager will arrange cleaning / laundry services and necessary repairs and maintenance, and ensure the property is maintained to a high standard.
Compensation and Expenses
The property manager’s compensation consists of a percentage commission based on rental income, a monthly allowance to cover routine expenses, and reimbursement for the actual costs of cleaning, repairs, and maintenance.
Financial Reporting
Each month, the property manager will pay the collected rental fees to the owner and provide detailed statements of income and expenses. These statements will itemize all revenues and expenses incurred during the month, offering clear financial transparency.
Owner Occupancy Arrangements
Owners are required to coordinate their own occupancy of the vacation property directly with the manager, and must provide advance notice to ensure availability and prevent double-booking.
Promotional Usage by Property Manager
The property manager will be granted a specified number of complimentary nights each year for promotional purposes, supporting marketing efforts and property exposure.
Template Format and Use
This Property Management Agreement template is provided in Microsoft Word format, allowing for full editing and reuse. It is a generic agreement, not country-specific, and can be adapted for use in multiple countries.
