Short-Term Rental Agreement

Short & Mid-Term Rental Agreement

1. The client’s designated tax representative remains fully responsible for all tax-related matters, specifically:

• Obtaining and maintaining the client’s Portuguese tax identification number;

• Registering and licensing the property(ies) under the client’s name for short & mid-term rental activity.

2. PTKeys Management will be responsible for managing the short & mid-term rental operation of the property(ies), namely:

• Conducting guest check-in and check-out procedures;

• Cleaning the property after each stay;

• Advancing payments for minor maintenance or repair expenses caused by guests;

• Managing and safeguarding all sets of keys delivered, ensuring their return to the owner (or legal representative) upon termination of this agreement and after all confirmed reservations are completed;

• Developing and managing the pricing strategy according to market conditions;

• Creating and managing property promotion materials, including photos and descriptions;

• Advertising and distributing the property(ies) through online travel agencies and payment solution providers to ensure optimal occupancy;

• Requesting and managing the security deposit for all guest reservations;

• Providing a detailed monthly report, to the client by the 15th of each following month.

3. The client must notify PTKeys Management in advance whenever they intend to use the property, so availability can be confirmed.

Notifications must be sent to: [email protected]

4. PTKeys Management will provide the client with a calendar link displaying all reservations in real time.

5. PTGVI charges a 30% management fee, which is deducted from the rental income generated by the property. PTGVI will also provide the tax invoicing service, issuing all mandatory invoices related to short & mid-term rental operations and ensuring correct reporting to the tax authorities.

6. If PTKeys Management is sold or comes under new ownership or control, the existing management will take full responsability in all the current responsabilities with the exact terms initially agreed.

7. If the owner sells the property, they must ensure that all reservations made prior to the sale—and prior to PTKeys Management receiving written notice of contract termination—are fully honored.

8. The client is responsible for:

• Reporting any visible damage found during their personal stay at the property;

• Paying all utility bills, condominium fees, insurance, and all property-related taxes.

9. PTKeys Management will be responsible for filing the income tax, VAT (IVA), and property tax (IMI) related to the short & mid-term rental activity.

For tax payments related to the client or the property, the tax representative may deduct the necessary amounts directly from the rental income.

PTKeys Management is authorized to deduct from the rental income any amounts owed for tax payments or utility bills supplied by the client.

10. To terminate this agreement, the client must:

• Notify their tax representative at least 30 days in advance;

• Inform PTGVI of the intention to terminate the cooperation by email;

• Continue to fully comply with this agreement until the last confirmed reservation at the time PTKeys Management receives the termination notice has been completed.

Important

These terms are considered automatically accepted by both parties upon the generation of the first reservation.