Glossary

Fee Basis — The amount on which our fees are calculated: the rent actually collected, net of platform fees, excluding cleaning fees and tourist tax.

Endorsement — A written and signed amendment to the contract. A premium on the contract itself.

Mobility Lease — A furnished lease lasting one to ten months, non-renewable, reserved for certain groups of people who are in training, on assignment, or being transferred.

Change of Use — A permit required by certain municipalities to convert a residential unit into a furnished vacation rental. Not currently required in Toulon.

Co-host — An access role for a platform account that allows the user to perform tasks without owning the account.

Payment Delegation — A mechanism through which the platform pays us directly the amount owed to us, thereby reducing your debt by that amount. This is not a payment collected on your behalf.

Joint Inspection Report — Inventory prepared and signed by both parties, including photographs. Reference document for any subsequent damage.

DPE — Energy Performance Certificate. Classes A through G. A minimum rating of D will be required as of January¹, 2034, for furnished vacation rentals.

Exclusive Marketing Agreement — Commitment to market the property on a short-term basis only through us. Does not apply to personal use, free loans, or long-term use after termination.

Integration Package — One-time setup service, starting at €360 (including tax), photo shoot included.

Hoguet Act — Act of January 2, 1970, regulating real estate professions. The property management contract is not subject to this Act.

LMNP — Non-professional furnished rental. General tax regime for most property owners.

Classified furnished rental — A furnished vacation rental that has been awarded a star rating. This qualifies the owner for a 50% deduction under the micro-BIC tax regime, compared to 30% without a rating.

Micro-BIC — Flat-rate tax system, with no accounting requirements, featuring a tax deduction and a revenue cap.

Obligation of Means — A commitment to exercise all due diligence, without any guarantee of results.

PNO — Non-Occupant Homeowners Insurance.

Actual Tax Regime — A tax regime that requires bookkeeping, allows for the deduction of actual expenses, and permits depreciation of the asset.

Revenue per Available Room Night — A metric that combines occupancy rate and average rate. The only one that truly matters.

Payment Split — Automatic distribution of a payment among multiple recipients as soon as it is received.

Visitor Tax — A tax collected from travelers on behalf of the local government. Collected by booking platforms; your responsibility for direct bookings.