Short term leasing is becoming increasingly popular, particularly in apartment complexes. More and more, tenants are looking for flexibility in their living arrangements due to their lifestyle. A short term lease allows the tenant flexibility if they are seeking new work. With the salaried workforce needing to be more mobile, short term leasing fills a gap in the rental market. Upon relocation short term leasing may also be desirable allowing you to “test drive” a number of different locations in your new city. It also means that a tenant can adapt quickly to changing life circumstances and unforeseen opportunities that come their way.
- A short-term lease differs from typical leases that bound the renter for a year or more and allow rentals on a month-to-month basis or for shorter periods of less than a year
- A short-term lease is a wise option for job seekers who might have to accept a new job all the way across town or even in a different city altogether
- Short-term leases are helpful during periods of flux in a renter’s life, since they do not require long commitments and allow flexibility
“Every neighborhood has its own personality. If you’ve just moved to a new city and aren’t sure which area best suits your lifestyle, you may want to consider a short-term lease.”