Are Short-Term Leases an Option for Tenants?
While some tenants stayed and worked from their existing homes during the pandemic, others changed locations. Why stay stuck in an apartment in a city if you have the option to work from a mountain cabin for a few months and then do the same in Florida? This experience has shown that some jobs can be done from anywhere, and some tenants do not want to commit to a 12-month lease. As a result, there is growing trend in short-term leases as an option for some traditional tenants.
What is a short-term lease?
- Flexible 1-12 months; falls between Airbnb/hotel and a traditional apartment.
- Rate is higher than a traditional lease.
- The longer you stay, the lower the rent.
- May not require Security Deposit.
- Application process: pay stubs, photo id, background check, credit check.
- Fully furnished options.
- Starting in higher-end, big cities.
Advantages of a short-term lease
Flexible
- Try something new: big city, beach community, mountain town, etc.
- Lease month-to-month.
- Move-in/move-out quickly.
Work/Life Balance
- Live somewhere that makes you happy while keeping your job.
- Live in affordable areas while working for a company based in an expensive city.
Who provides short-term listings?
Summary
- Furnished: including smart TVs, stocked kitchens, linens/towels, and toiletries.
- Min. stay of 30-days
Region
- 15 cities in U.S., Europe, and the Middle East
Summary
- Furnished, unfurnished, partially furnished
- Shared apartment option targeting younger generations.
- Stay 1-18 months without a lease
Region
- 6 major cities in U.S.
Summary
- Furnished: including smart TVs, stocked kitchens, linens/towels, and toiletries.
- Stay 1-12 months without a lease.
- Transfer between properties in the Landing network in the U.S through the Landing Membership.
Region
- 200 cities in U.S.
Checkout info on Late Fees and Saving Money Before Signing a Lease
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