Contractual Details
Contractual details are managed in Step 3 of the onboarding wizard. They define the legal and financial relationship between the property owner and Inspiring Living Solutions.
All contract documents are stored securely in SharePoint.
What Is Covered
Section titled “What Is Covered”| Section | Key Data |
|---|---|
| Contract Dates | Start date, end date, contract type (Exclusive / Non-exclusive) |
| Payout Schedule | Up to 2 payout days per month |
| Registration Numbers | VAT number, DBD number (Thailand) |
| Financial Terms | Commission %, Management Fee %, Marketing Fee %, minimum stay |
| Payment Routing | Option to route through IML (Inspiring Management Ltd. ILS-HK) |
| Payment Terms | Written conditions for payouts (required) |
| Guest Policies | Cancellation policy, check-in / check-out times |
| Insurance | Provider, policy number, expiry date |
| Special Terms | Custom contract notes or exceptions |
Important Notes
Section titled “Important Notes”
- Contract dates trigger automatic renewal reminders
- Service charges are calculated on booking revenue
- Default check-in: 3:00 PM | Default check-out: 11:00 AM
For full field-by-field documentation, see Step 3 — Contractual Details.