When it comes to apartments, residential rentals can be in the form of formal lease agreements between building-represented landlord and tenant, or informal situations commenced with a simple handshake.
Some of the most common reasons people seek agreements for short term rent apartments include:
• Traveling for business. Many people seek to rent an apartment short-term when they are traveling for business purposes and will be in that location for a short period of time. A short-term rental agreement is ideal for them since they still need to have a comfortable living space for the time being.
• In between places. Sometimes renters need a place to stay while looking for a more permanent living situation. This may be due to recently selling a house, having a home built, or just moving to a new place. This allows for people to feel secure and at home while waiting for their actual home.
• Vacationing. Not quite as common but still frequently sought, short-term rentals are desirable for people who want a home-away-from-home while on vacation. In these types of situations, some vacationers want to rent on a weekly basis while others are looking to rent by the month.
• Students. A large portion of the renters seeking short-term leases are college students. Many students are not from their college town or do not plan to stay there. It’s therefore very common for them to require a short-term lease in order to have a place to stay for one or two semesters.
Short-term leases are not a rarity in the world of apartment renting and are fairly easy to obtain. Offering a short-term lease is something you may want to consider when renting space.
Have you ever had a short-term rental apartment? Share your reason for needing a short-term lease.