Have you ever wondered what mid-term rentals are? Then continue reading, and you will learn the answer to your question.
To help you understand the meaning of medium-term rentals we will first explain what long-term lease agreement is.
Long-term rentals are the oldest type of lease, which substitutes own housing for tenants. This type of rental is most often sought by people who need a roof over their head, but cannot take out a mortgage for their own housing, or do not even want to have their own housing.
Long-term leases are most often based on a lease agreement, which defines the rights and obligations of the parties (owner and tenant).
Apartments that are rented for a long time are then unfurnished, which gives tenants the opportunity to equip their housing according to their taste and preferences, and affordable, which is mainly due to the absence of equipment. Long-term rentals are then ideal for those apartment owners who do not need the housing for their own use, but at the same time do not want to sell it, and some "extra money" will also come in handy.
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Short-term rentals, on the other hand, as we know it now, responds extensively to the needs of tourists, who much more welcome the possibility of accommodation in a home environment than in a hotel.
The initial vision was to provide short-term accommodation to those who could not afford hotel prices. Although no one probably dreamed of it at the beginning, nowadays this type of accommodation is a big business and the owners (or apartment managers) can come up with big money thanks to the short term.
However, the cost per night is currently comparable to or higher than the cost of a hotel. However, the owners still have a homely atmosphere and a friendly approach, which hotels don't have. Therefore, tourists continue to look for this style of accommodation.
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And exactly between these two shores are medium-term rentals that respond to the needs of those who need to live longer than a few nights but at the same time less than a year. Medium-term rentals are ideal as a student accommodation, working people on internships or working people in general, young professionals, digital nomads who are used to work from different parts of the world, or individuals/families renovating their existing housing or looking for/building their own housing.
A frequent case of people who use medium-term rentals is also those who are looking for a long-term lease and need housing to bridge the period they will be looking for it. In addition, medium-term leases combine the best of both edge spheres (ie short-term and long-term leases).
Tenants can thus enjoy fully furnished apartments, which is the prerogative of short-term rentals in particular, together with rentals based on a contractual document (which is typical for long-term rentals). In addition, the owners take a break from the hustle and bustle of short-term rentals (especially through the frequent rotation of tenants, which is associated with the need to prepare the apartment for other tenants and thus higher time/financial costs), but earn more money than long-term rentals (shorter period rent + equipment requirements mean a higher rent that the tenant has to pay on a medium-term lease).
Whether you are a tenant who is looking for housing for a few months or an owner for whom medium-term rentals are the real thing, try Flatio - we have been operating in the medium-term rental market since 2016, when the medium-term rental market began to take shape for which we (among other things) have a great deal of credit. That is why we have a lot of experience, thanks to which we have honed our service almost to perfection.
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