ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL FOR

COMMERCIAL PROPERTY

ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL

Stability

A long term rental of a commercial property implies a stable deal, which might be functional for several years. The negotiations made at the time of the preparation of lease are acknowledged to be followed more or less without any change. It facilitates the property owner to focus on other investments as well.

ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL

Certainty

A long term rental ensures a permanent source of income for the property investor. The monthly inflow of rents is ensured, which is not possible in case of a short term rental policy as it faces multiple non-occupancy periods.

ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL

Accumulation of goodwill

A long term association between a landlord and a tenant increases the value of the property significantly. A seemingly permanent occupancy proves the worth of occupancy of the property, which helps in enhancing the goodwill of the property

in the market.

ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL

No hidden cost

A short term rental implies multiple occupancies within a certain period of time. Every change in occupancy demands additional costs like advertisements,

renovation, renewal of services and documentation expenses. A long term rental minimizes these recurring costs of real estate property management.

ADVANTAGES OF LONG TERM RENTAL OVER SHORT TERM RENTAL

Preservation

The tenants, who have entered a long term occupancy lease, become responsible for the preservation of the structural and operational integrity of the property, which

greatly benefits the property owner’s endeavors to maintain the quality of the commercial property and the commercial property management as well.

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