Short-term rental: Difference between revisions
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{{Short description|Dwelling rented for brief periods}} |
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'''Short-term rental''' describes furnished self-contained [[apartment]]s that are rented for short periods of time, usually by the month as opposed to annual rentals in the unfurnished apartment rental market. They are seen as an alternative to [[hotel]]s.<ref name=nyt/> "Short Stay" rentals are an offshoot of the [[corporate housing]] market. Popular uses include [[vacation rental]]<ref name=nyt>{{cite news|url=http://travel.nytimes.com/2006/07/09/business/yourmoney/09flat.html|title=For Short Stays, a Home Away From the (Costly) Hotel|last=Dempsey|first=Bobbi|date=9 July 2006|work=New York Times|accessdate=11 July 2010}}</ref> and relocation.<ref>{{cite news|url=http://www.croydonguardian.co.uk/news/427726.shortstay_renting/|title=Short-stay renting|last=Bramley|first=Pat|date=30 October 2003|work=Croydon Guardian|accessdate=11 July 2010}}</ref> |
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'''Short-term rental''' ('''STR''') describes furnished self-contained [[apartment]]s or houses that are rented for short periods of time.<ref name=sas>{{cite web | last=Sas | first=Nick | title=The influence of Airbnb on Australia's rental crisis, as experts call for focus on 'real issues' at play | website=ABC News |publisher =[[Australian Broadcasting Corporation]] | date=28 December 2022 | url=https://www.abc.net.au/news/2022-12-29/influence-of-air-bnb-on-australian-rental-crisis/101809556 | access-date=28 December 2022}}</ref> They are usually seen as an alternative to [[hotel]]s. "Short stay" rentals are an offshoot of the [[corporate housing]] market,<ref name=nyt>{{cite news|url=http://travel.nytimes.com/2006/07/09/business/yourmoney/09flat.html|title=For Short Stays, a Home Away From the (Costly) Hotel|last=Dempsey|first=Bobbi|work=New York Times|access-date=11 July 2010}}</ref> and are also offered by private owners and investors via online platforms such as [[Airbnb]].<ref name=sas/> |
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Popular uses include [[vacation rental]]<ref name=nyt/> and relocation.<ref>{{cite news|url=http://www.croydonguardian.co.uk/news/427726.shortstay_renting/|title=Short-stay renting|last=Bramley|first=Pat|date=30 October 2003|work=Croydon Guardian|access-date=11 July 2010}}</ref> |
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| ⚫ | This industry is seen as the most affordable option for month-long stays |
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| ⚫ | This industry is seen as the most affordable option for month-long stays. They might be 25–50% cheaper than a hotel room, and the apartments typically offer additional amenities such as kitchen/kitchenettes, washer and dryer. Some companies permit pets. Booking procedures may include credit checks, damage and holding deposits, and departure cleaning fees.<ref name=nyt/> Rentals from online platforms such as Airbnb are a common form of access to these rentals.<ref name=sas/> Contact with the landlord or agent is recommended, as online photographs and descriptions can be misleading.<ref>{{cite news|url=https://www.nbcnews.com/id/wbna36035101|title=Vacation rental? Ask questions|last=Levin|first=Ann|date=28 March 2010|publisher=NBC News|access-date=14 November 2023}}</ref> |
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The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. Through short-term rental, landlords can make upwards of 20% more than they would on a rent controlled property. Thus landlords convert their properties into short-term rental units, and there are less long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income.<ref name=":4">{{Cite web|url=http://www.keepneighborhoodsfirst.org/what_is_short_term_rental_abuse|title=What is Short-term Rental Abuse?|last=|first=|date=|website=Keep Neighborhoods First|access-date=}}</ref> One of the effects of this is that diversity in the neighborhood decreases as no one can move in anymore.{{Original research inline|date=May 2020}} Neighborhood community groups voice concern that these temporary residents do not have a stake in the community and therefore are less likely to be conscientious about how their behavior effects those around them.<ref name=":4" /> Governments are taking measures to combat the rise in short-term rentals—for example, [[London]] is now restricted to 90 days for any property on the short-term rental market.<ref>{{Cite web|url=https://www.lettingagenttoday.co.uk/breaking-news/2019/4/airbnb-backs-call-for-mandatory-registration-system-for-short-let-properties|title=Airbnb backs call for mandatory registration system for short let properties|website=Letting Agent Today|language=en|access-date=2019-11-25}}</ref> |
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The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals.<ref>{{Cite web |date=28 December 2022 |title=Most Airbnb-style short rentals in Tasmania used to be long-term leases, study finds |url=https://www.theguardian.com/australia-news/2022/dec/29/most-airbnb-style-short-rentals-in-tasmania-used-to-be-long-term-leases-study-finds |access-date=29 January 2023 |website=the Guardian |language=en}}</ref> Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property.{{cn|date=November 2023}} Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income.<ref name=":4">{{Cite web|url=https://www.keepneighborhoodsfirst.org/what_is_short_term_rental_abuse|title=What is Short-term Rental Abuse?|website=Keep Neighborhoods First}}</ref> In Australia, short-term rentals have contributed to the rental crisis occurring in 2022, although STRs diminished during the 2019-2022 [[COVID-19 pandemic in Australia|COVID-19 pandemic]].<ref name=sas/> |
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| ⚫ | Short-term rental properties place the responsibility of following zoning and municipal requirements onto residents using short-term rental services like [[Airbnb]]. This leads to illegal short-term rentals that violate many of these codes. Fire codes, safety codes, workers' benefits, and transient occupancy taxes are often avoided by illegal short-term rentals.<ref name=":4" /> |
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Neighborhood community groups have voiced concern that these temporary residents do not have a stake in the community and therefore are less likely to be conscientious about how their behavior effects those around them.<ref name=":4" /> |
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| ⚫ | |||
| ⚫ | Short-term rental properties place the responsibility of following zoning and municipal requirements onto residents using short-term rental services like [[Airbnb]]. This leads to illegal short-term rentals that violate many of these codes. [[Fire code|Fire codes]], safety codes, workers' benefits, and transient occupancy taxes are often avoided by illegal short-term rentals.<ref name=":4" /> |
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| ⚫ | Short-term rentals can pose a policy challenge to local lawmakers, who have to find a way to mitigate the problems that they cause for permanent residents. For example, in [[Santa Cruz, California]], local [[Board of supervisors|supervisors]] have discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from staying there, and prioritize the local residents' ability to park.<ref name=":11">{{Cite news |url=http://www.santacruzsentinel.com/article/NE/20170330/NEWS/170339963 |title=Santa Cruz County supervisors want rules for hosted rentals |last=Gumz |first=Jodi |date=30 March 2017 |work=Santa Cruz Sentinel |url-status=dead |archive-url=https://web.archive.org/web/20180704034801/http://www.santacruzsentinel.com/article/NE/20170330/NEWS/170339963 |archive-date=4 July 2018}}</ref> Some governments have taken measures to combat the rise in short-term rentals—for example, as of 2019, [[London]] short-term rentals were restricted to 90 days.<ref>{{Cite web|url=https://www.lettingagenttoday.co.uk/breaking-news/2019/4/airbnb-backs-call-for-mandatory-registration-system-for-short-let-properties|title=Airbnb backs call for mandatory registration system for short let properties|website=Letting Agent Today|language=en|access-date=25 November 2019}}</ref> |
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==See also== |
==See also== |
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*[[Vacation property]] |
*[[Vacation property]] |
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*[[Serviced apartment]] |
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==References== |
==References== |
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{{Reflist}} |
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<references/> |
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{{Real estate developments}} |
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{{DEFAULTSORT:Short Stay Apartment}} |
{{DEFAULTSORT:Short Stay Apartment}} |
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[[Category:Apartment types]] |
[[Category:Apartment types]] |
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[[Category:Renting]] |
[[Category:Renting]] |
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[[Category:Alternative housing]] |
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{{tourism-stub}} |
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Latest revision as of 14:46, 15 February 2024
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time.[1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market,[2] and are also offered by private owners and investors via online platforms such as Airbnb.[1]
Popular uses include vacation rental[2] and relocation.[3]
This industry is seen as the most affordable option for month-long stays. They might be 25–50% cheaper than a hotel room, and the apartments typically offer additional amenities such as kitchen/kitchenettes, washer and dryer. Some companies permit pets. Booking procedures may include credit checks, damage and holding deposits, and departure cleaning fees.[2] Rentals from online platforms such as Airbnb are a common form of access to these rentals.[1] Contact with the landlord or agent is recommended, as online photographs and descriptions can be misleading.[4]
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals.[5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property.[citation needed] Thus landlords convert their properties into short-term rental units, and there are fewer long-term housing options available to permanent residents. Landlords also sometimes pressure and coerce people out of their homes, particularly if residents are of low-income.[6] In Australia, short-term rentals have contributed to the rental crisis occurring in 2022, although STRs diminished during the 2019-2022 COVID-19 pandemic.[1]
Neighborhood community groups have voiced concern that these temporary residents do not have a stake in the community and therefore are less likely to be conscientious about how their behavior effects those around them.[6]
Short-term rental properties place the responsibility of following zoning and municipal requirements onto residents using short-term rental services like Airbnb. This leads to illegal short-term rentals that violate many of these codes. Fire codes, safety codes, workers' benefits, and transient occupancy taxes are often avoided by illegal short-term rentals.[6]
Short-term rentals can pose a policy challenge to local lawmakers, who have to find a way to mitigate the problems that they cause for permanent residents. For example, in Santa Cruz, California, local supervisors have discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from staying there, and prioritize the local residents' ability to park.[7] Some governments have taken measures to combat the rise in short-term rentals—for example, as of 2019, London short-term rentals were restricted to 90 days.[8]
See also[edit]
References[edit]
- ^ a b c d Sas, Nick (28 December 2022). "The influence of Airbnb on Australia's rental crisis, as experts call for focus on 'real issues' at play". ABC News. Australian Broadcasting Corporation. Retrieved 28 December 2022.
- ^ a b c Dempsey, Bobbi. "For Short Stays, a Home Away From the (Costly) Hotel". New York Times. Retrieved 11 July 2010.
- ^ Bramley, Pat (30 October 2003). "Short-stay renting". Croydon Guardian. Retrieved 11 July 2010.
- ^ Levin, Ann (28 March 2010). "Vacation rental? Ask questions". NBC News. Retrieved 14 November 2023.
- ^ "Most Airbnb-style short rentals in Tasmania used to be long-term leases, study finds". the Guardian. 28 December 2022. Retrieved 29 January 2023.
- ^ a b c "What is Short-term Rental Abuse?". Keep Neighborhoods First.
- ^ Gumz, Jodi (30 March 2017). "Santa Cruz County supervisors want rules for hosted rentals". Santa Cruz Sentinel. Archived from the original on 4 July 2018.
- ^ "Airbnb backs call for mandatory registration system for short let properties". Letting Agent Today. Retrieved 25 November 2019.
