STR Management Termination Clause

[Gabe Capoferri]

I'm curious of the language people use in their termination clause for STR management. Specifically in reference to what is owed if a client terminates services.

I had a client unexpectedly terminate (they are being forced to come back to the US for visa reasons) and they are going to manage the property moving forward. I get it...why pay someone to do it if you're around and can do it yourself. 

However, I just lost a ton of money on future bookings! I have a 30 day notice that requires I be paid my rate for any of the bookings within that window and I would continue my services during that time. Since we are in Maine and we are coming out of the winter season I've been spending time marketing and getting the property booked for the Spring/Summer. The house is opening back up in April and it is almost fully booked, but I won't see a penny of it. 

Any thoughts on how to reword my contract?

[Troy Radtke]

I do 90 day notice and 10% commission for all bookings outside the 90 day window. I haven't had a cancellation yet, but I probably won't always take the full 10%. However, if I spend a lot of time and effort getting a property up and running and then, after a few months, the owner cancels, I'm probably taking the full 10%.