What Are Mid Term Rentals

Looking for a temporary housing solution that falls between short-term rentals and long-term leases? Learn more about the benefits of mid term rentals in our article.

Mid term rentals, also known as medium-term rentals, are a type of accommodation that falls between short-term rentals (such as vacation rentals) and long-term rentals (typically leases of one year or more). These rentals are typically for a duration of one month to six months, although the exact length can vary depending on the specific agreement between the landlord and tenant.

Mid term rentals offer a unique housing option for individuals who may need temporary accommodation for a longer period of time than a traditional short-term rental, but do not want to commit to a long-term lease. This type of rental is particularly popular among expats, students, and professionals who are relocating to a new city or country for work or study and need a place to stay for a few months while they get settled.

There are several advantages to choosing a mid term rental over other types of accommodation. For one, mid term rentals offer more flexibility than long-term leases, as tenants are not tied to a contract for an extended period of time. This can be particularly beneficial for individuals who are unsure of how long they will need to stay in a certain location or who may need to move unexpectedly.

Additionally, mid term rentals are often fully furnished, making them a convenient option for individuals who do not want to deal with the hassle of moving and setting up a new home. This can save tenants time and money, as they do not have to worry about purchasing furniture or household items for a short-term stay.

From a landlord's perspective, mid term rentals can also be a lucrative option. By renting out a property on a medium-term basis, landlords can generate income from their property while still maintaining the flexibility to use it for their own purposes or rent it out on a long-term basis in the future.

In recent years, the popularity of mid term rentals has been on the rise, particularly in major cities and tourist destinations where short-term rentals are heavily regulated or restricted. Platforms like Airbnb and Booking.com have made it easier for tenants to find and book mid term rentals, further contributing to the growth of this market.

Overall, mid term rentals offer a convenient and flexible housing option for individuals who need temporary accommodation for a longer period of time. Whether you are a tenant looking for a short-term solution or a landlord looking to maximize the potential of your property, mid term rentals can be a beneficial choice for both parties.