Ensuring A Safe Transaction When Renting Your Home For the World Equestrian Games

Put Everything In Writing:
The best way to protect yourself and your guest is to require all renters to sign a rental agreement well before the rental date that includes specific rules regarding cancellation and refund policies. Do NOT accept deposits without having signed copies of your documents in hand (faxed signatures are acceptable).

Take A Security Deposit:

Many homeowners require a minimum security deposit of $200 or 15% of the total rental, whichever is greater. Be sure to process all deposits right away. Bounced checks signal trouble.

Only Accept Safe, Traceable Methods of Payment

The safest methods for accepting payment from your guests for a one-time event are PayPal (an online payment service) and personal checks. Certified/cashier's checks, money orders, and untraceable wire transfers are commonly used by scammers and should be avoided.

PayPal: Many travelers like the convenience of this service, since money is transferred automatically over the Internet, directly from their credit card or personal checking account. This service does require you to open up your own account, but the process is quite simple.

Personal Checks: If your guest chooses to pay by personal check, cash the check immediately. Make sure you give the check ample time to clear before giving that guest access to your property.

Get All Monies Before Sending Directions or Keys

The final balance should be paid 14 - 30 days prior to the rental date. This provides plenty of time for funds to clear before you send directions, keys, or lockbox codes.

The Bottom Line:
Prevent potential disasters by getting your proverbial ducks in a row before renting your primary home for the World Equestrian Games.