Below is a list of general questions you should answer in your lease. This will help you create a basic plan that you can then present to your lawyer – they will be able to put what you want to include in the right legal terms for the document. The week-to-week rental agreement applies to a tenant and landlord who commit to seven (7) days for the tenancy. Once such an agreement has been established, it can only be abrogated by written notice in the agreement or required by law by the laws of the relevant State. A clear record of the number of days you have rented is very important for tax purposes. The Internal Revenue Service (IRS) offers a 14-day exemption for vacation apartments (due to its wide use during the annual Masters tournament in Augusta, Georgia, also known as the “Masters-Befreiung”). If you rent your property for 14 days or less, you can collect the income without declaring it on your return. Whenever you rent your property to someone, you should have some sort of written agreement….