subject: Getting to Know the Different Short Term Rental Laws [print this page]
Although short term rentals last only up to a few months, there are still various laws and ordinances that govern it. These laws are in place in order to protect the lessor, also known as the landlord, as well as the lessee, also known as the tenant. Keep in mind, however, that laws governing short term rentals vary from one state to another.
As opposed to long term rentals, landlords of short term rental apartments can change the amount of rent at any point in time by simply issuing a 30-day notice to the tenant. Properties in rent-control cities, however, are exempted from this. In long term rentals, the amount to be paid for the rent cannot be changed while the lease contract is in effect.
Regardless whether you are on a long term rent agreement or a short-term one, the tenant has the right to privacy. The only time that the landlord can enter the premises is if he or she has given a notice twenty four hours prior. Aside from this, the tenant has the right to move out anytime by simply giving a 30-day notice to his or her landlord.
On the other hand, landlords of short term furnished apartments New York has are also allowed to terminate the stay of a tenant by serving him a notice 30 days prior. In some states, a reason has to be given before the lease can be terminated. There are also instances wherein landlords are allowed to collect prorated rent especially when the tenant moves out during the middle of the month.
You also have to be aware that in certain states, short term rentals can be put on hold during a season to give long term rental apartments a chance to make a living. There are, for example, short term furnished apartments New York laws that aim to control the activities of short term apartments especially those that charge exorbitant fees as well as charge an upfront payment when there really is no space for rent.
The bottom line is, regardless of the laws in place when it comes to short term furnished apartments NYC has, going for short term rentals can still be an affordable way to go especially when you need to be on the move every now and then.
Getting to Know the Different Short Term Rental Laws
