Short Term Leasing

1. Short Term Leasing Short term leasing has become a popular way of renting accommodation. Short term lease of a home or an apartment is a mutually beneficial arrangement. Benefits of short term renting to the tenant: • The tenant can get a home away from home. • Short term lease apartments are more economical than hotels for a duration of a week or longer. • Short term house lease works perfectly when a group of people visit a city and want to stay together. • Most apartments leased for short term are furnished apartments. Hence, they are fully equipped and the tenant finds it convenient. • Families on a vacation prefer short term lease homes as they can stay together in one unit. They also have laundry facilities. • Executives prefer short term lease furnished apartments as it has separate living room and bedroom. Hence, they can work and relax comfortably. • Most short term lease accommodation come with free Wi-Fi.

2. Benefits of short term rental lease to an owner: • The owner has the flexibility to lease the space as per his convenience. • The owner can rent out his furnished apartment for a short term lease when he is away on vacation. This way he will be able to earn an income from space that was idle. • The owner has the flexibility to charge a rent of his choice. He can hike up the rent during the holiday season and reduce it otherwise. There is a need for short term leasing of accommodation and there are people with apartments or houses which can be rented. Hence, there is a need for a channel to connect providers of space with seekers. One such channel is Smarter Spaces. It is a portal which helps in linking space seekers with space providers. People with any kind of excess space can list their space on the site and find tenants for it. For more information, visit – Smarter Spaces