A short term lease or housing arrangement can benefit workers, students, couples, and families. You can use such leases to find the ideal accommodation during a vacation, short term employment, or various other reasons. Short term housing also has a few cons to consider. Here’s an overview of the top pros and cons of short term corporate housing:
Pros of Short Term Housing
If you plan to live in a specific unit for a few weeks or months, a short term lease can help. Leading renters offer flexible plans and leases to help you find a temporary residency. Below are two primary pros of short term housing:
a) Flexible Leases
Most short term leases are flexible and can last a couple of days, weeks, or months. You can end your lease or extend your stay whenever you want. All you need to do is notify the support team within the timeframe provided in your contract. You can transition from a long-term to a short term lease or end your lease early without incurring extra costs. the lease is ideal for contract workers or students who travel/relocate a lot.
b) Furnished Housing
Many short term housing arrangements feature basic furnishing and household items. You don’t need to bring your appliances and equipment to your new house. Furnished apartments can save you the cost of acquiring or moving furniture and other items. You can review the furnishing included to determine if you need to bring any special equipment. Compare different apartments to find those with everything you need for your short stay.
Cons of Short Term Housing
Short term corporate housing has many benefits but has a few disadvantages. Your options are limited to a few landlords willing to offer such living arrangements, so the housing may come at a premium. Here are two primary cons of short term housing arrangements:
a) Rising Rent
Short term housing arrangements carry more risk for the landlords because tenants can move out whenever they want. Landlords often charge more for the monthly rent to offset the potential risk. Since you can extend your lease at any time, you can stay longer than planned. Living in temporary housing for many months can cost more in the long run. The best solution is to calculate how much the rent will cost before planning your move.
b) Changing Terms
Leading short term housing plans feature stable terms, but landlords can make sudden changes. Such arrangements accommodate short notices for lease termination, meaning you could be required to move at any time. Short term leases are renewed every day, week, or month, so the landlord can choose to change the terms for the next lease. The landlord can also increase rent provided they’re within the rent control regulations of the city.
Finding Short Term Corporate Housing
Temporary housing plans exist in all states, so finding one should not be a problem. The challenge is finding a suitable apartment and lease agreement. Compare different leases to find one that aligns with your demands. The best leases offer you the freedom to extend and cancel at will and give you enough time to move away.
You can choose short term corporate housing when traveling for holiday, school, or temporary work. The apartments are also perfect when living in limbo and looking for a permanent home in the local area. You can find affordable, luxurious, and eco-friendly furnished apartments with everything you need to start living.