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Updated about 4 years ago,
Do I need to include "transient tax" within lease agreement?
Hi,
I have a condo unit in Miami and I know if I get a rental through Airbnb/VRBO they collect this "transient tax" (short term rental tax) on my behalf. However, now I got a rental for less than 6 months, so I have to collect/report "transient tax" on my own to the city of Miami.
My question is, do I need to list the total "transient tax" amount within my lease agreement? Or would I just list the monthly lease amount on the lease agreement, along with, security deposit amount only? Or should I write a clause in the lease agreement stating that 13% tax will be collected from the total lease agreement that will be paid to the city of Miami?
Also, should I collect the total "transient tax" amount upfront? Or just collect it with each monthly rental payment? My tenant is looking to stay for a 4 month lease.
Thank you!