What is a short-term lease?

Category: Leasing Questions

An apartment with a short-term lease is a rental unit that is available for rent for a limited period of time, typically for several months or less. This type of lease agreement is often used for temporary housing solutions, such as for those who are relocating for work, traveling, or in between permanent housing arrangements.

Short-term leases are typically more flexible than traditional, long-term leases, as they allow renters to move out after a shorter period of time without incurring the costs and penalties associated with breaking a long-term lease. However, short-term leases can also be more expensive than long-term leases, as landlords may charge a premium for the added flexibility and convenience.

It’s important to carefully review the terms of a short-term lease agreement, including the length of the lease, the monthly rent, and any additional fees or restrictions. Some short-term leases may also require a security deposit, and may have specific rules regarding subleasing, renewals, or early termination.