As you are aware, each owner has the choice to either sign or not sign a Rental Management Agreement (RMA). This agreement is strictly between the individual residential-unit owner and Vail Resorts Rental Management. By signing an RMA, the owner has agreed that Vail Resorts Rental Management is the "exclusive" rental-agent; hence the owner would lose all rights and benefits by using a third-party agency.
VAIL RESORTS RENTAL MANAGEMENT PROGRAM
Renting Your Unit
Fee Structure and Disbursement of Rental Income:
To compensate Manager for Rental Services, owner will pay Manager 45% of the Adjusted Gross Unit Revenue. "Adjusted Gross Unit Revenue" means adjusted gross rental fees collected and generated from the unit at the rental rates established by Manager, less rental expenses.
Owners who are in our rental management program participate in the 4% fund. The intent of this fund is to pay for many of the common and often replaced unit items, and some of the minor and routine maintenance labor.
Four percent (4%) of the room rental for every reservation will be deducted (prior to the Owner/Rental Agent split). This fund is intended to cover the cost to replace or repair items less than $50, as an example, not limited to: interior light bulbs, kitchen glassware, silverware, stoneware, flatware, coffee carafes, toasters, pots & pans, universal TV remote controls, shower curtain liners, kitchen and bathroom cleaning tools, blankets, pillows, mattress pads and hangers as the Rental Agent deems necessary.
4% Fund is also intended to cover: the repair and/or replacement of: remote control batteries, plus small and minor items, less than $50.