Serviced Apartment Space: Long Vs Short Lease

When you decide to rent a serviced exclusive condo, you have to determine what type of lease you want to sign. There are long term leases and short term leases, and some leases can be signed for arranged periods of time. Some properties may also be flexible if you are not sure how much time you may need in the space. Others are not so flexible and may need to be ruled out early on in your search if they do not offer the type of lease that you are seeking.

Long Term Leases

You should go with a longer term lease if you are sure that you will need your serviced luxury residence kl for more than a month or two. You would prefer not to get into a more extended rent if there is an opportunity you won’t require the condo following a month, yet you likewise would prefer not to be compelled to move out of a loft if your momentary circumstance all of a sudden goes long haul. This is the reason it tends to be hard to sign a rent for an adjusted loft.

Think about the situation at hand and the maximum period of time that you could need your apartment. If it is more likely that you will need your serviced luxury condo kl for a longer period of time than a shorter period of time, then you are probably safe to sign a longer term lease. You just may not want to sign for the maximum period of time possible for your trip.

It is best to find a flexible lease where you will have the option of extending your lease if needed. You can then rent the serviced apartment for a reasonable period of time, extending the lease if needed. If you end up not needing the apartment before the lease is up, at least you won’t be locked into paying for it for a very long period of time. You will, however, need to let the property management know as soon as you are aware of your need for an extension.

Short Term Leases

Short term leases are typically used when you know the length of time you will need the space, or when you aren’t confident in your need for a longer term lease. It is best to sign a shorter lease with a flexible management team if you think it is more likely that you will only need the apartment for a short period of time. If something does happen to extend your stay, you should be able to extend the lease to cover the unexpected change in events.

If you don’t have a guaranteed time of stay, then it can be tricky to determine what type of serviced apartment lease to sign. If you find a management team willing to work with you and make it your responsibility to keep them informed as to your intentions with the property, then you should be able to go with a short to medium length lease that has the option of extending if necessary.