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Free AI property management and co-hosting agreement generator
Co-host short-term rentals or manage properties for owners? Describe the arrangement in plain English (your fee, what you handle, who pays for what) and Initialed AI drafts a complete agreement for your state in two to five minutes. Sign up free; your first full draft each month is on us.
Draft a contract, or add one to review.
Describe the agreement you need in plain English, or drop a PDF or Word file. Free to start.
- 0:00Describe the deal in a sentence
- ~1 minAnswer a few quick questions
- 2–5 minA complete, editable agreement
Drafting time varies with length. You can leave the page; the draft is saved to your account.
Is there a free AI tool to write a property management or co-hosting agreement?
Yes. On Initialed AI you describe the arrangement with the owner, answer a few questions, and get a complete agreement covering services, fees, expenses, access and termination, drafted for your state. It is free with a free account and no credit card; your monthly free credit unlocks one full draft to edit and export to Word.
Updated October 23, 2026
What’s free, exactly
| What you get | Free | Beyond free |
|---|---|---|
| Preview a contract’s top risks | Free, no sign-up | — |
| Draft a contract from a description | Free with an account (locked preview) | — |
| Full review or unlocked, exportable draft | 1 free credit every month | 1 credit each |
| Ask questions about the contract | Included | Included |
The free Starter plan is $0 forever. Extra credits and the Pro plan are on the pricing section of the homepage.
How it works
Describe the deal
For example: “A co-hosting agreement for a 3-bedroom short-term rental in Florida. $500 onboarding fee, then 20% of booking revenue. I handle the listing, guests and cleaners; the owner pays for repairs.”
Answer a few questions
Initialed AI asks only what it needs, such as the parties, the price, the dates and which state’s law applies.
Edit and export
The finished agreement opens in an editor with fill-in fields. Unlock it with your free monthly credit and export to Word.
What the agreement covers
Services and scope
Listing setup, pricing, guest messaging, cleaning and turnover, maintenance coordination: exactly what you do and what you don’t.
Fees and payouts
Onboarding fees, a flat monthly fee or a share of booking revenue, and when and how the owner gets paid.
Expenses and approvals
Who pays for supplies and repairs, and the spending limit above which you need the owner’s sign-off.
Term, termination and handover
Notice periods, what happens to bookings already on the calendar, and handing back listing and account access.
Frequently asked
Is the AI property management agreement generator free?
Drafting is free with a free account and no credit card. The draft opens as a preview, and the free plan includes one credit a month to unlock a full draft for editing and Word export. Extra drafts cost one credit each.
What should a co-hosting agreement include?
At a minimum: the services you provide, your fee and how it is calculated, who pays which expenses, a spending limit for repairs, how payouts work, guest damage and insurance, and how either side can end the arrangement. Initialed AI asks about each of these while drafting.
Can the fee be a percentage of booking revenue?
Yes. Describe the fee the way you charge it, whether that is a percentage of revenue, a flat monthly fee, an onboarding fee or a mix, and the draft spells out how it is calculated and when it is paid.
Does it cover local short-term rental rules?
Cities, counties and HOAs set their own short-term rental rules, such as permits and occupancy taxes, and they change often. You can ask the draft to say who is responsible for permits and taxes, but check the rules where the property is.
Is an agreement drafted with AI legally binding?
A contract’s enforceability depends on its terms, the parties and the law that applies, not on who typed it. Initialed AI drafts to your state’s general rules, but it is not a law firm; for a high-stakes agreement, have a qualified attorney check the final version.
Put your next owner agreement in writing today.
Describe the arrangement and get a complete draft for your state. Free account, no credit card.
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