Mid-term Rental
Definition: What Is a Mid-Term Rental?
A Mid-Term Rental (MTR) is a furnished lease that usually runs from one month to under a year. It’s designed for guests who need more than a nightly stay—think traveling nurses, relocating families, interns, graduate students, film crews, or remote workers—without the 12-month commitment of a traditional lease.
Unlike most short-term rentals, MTRs typically bundle utilities and Wi-Fi, reduce turnover frequency, and favor clear house rules over hotel-style services. Compared with a long-term rental, they remain furnished and flexible, with defined start/end dates and a simpler move-in experience.
Why Hosts & Guests Choose MTRs
- Flexibility: Fixed dates (e.g., 3–6 months) match assignment lengths and academic terms.
- Convenience: Furnished, turnkey, utilities included, fast onboarding.
- Economics: Higher yield than LTRs with fewer turns than STRs; steadier occupancy in shoulder seasons.
Typical Features of a Mid-Term Rental
- Furnishings: Full bed setup, living seating, work-ready desk/chair, blackout shades, stocked kitchen basics.
- Inclusions: Utilities (electric, gas where applicable), high-speed Wi-Fi, basic streaming; caps disclosed in the agreement.
- Operations: Turnover every few months; scheduled mid-stay cleaning/maintenance; clear check-in procedures.
- Policies: Guest limits, pet rules, parking, mailbox/parcel handling, and noise/quiet-hours compliance.
Where MTRs Fit in Your Strategy
- Seasonality smoothing: Backfill off-peak months at lakes and resort towns when nightly demand dips. See Seasonality.
- Channel mix: Balance demand from monthly segments (healthcare, corporate, education) with STR peak weeks. See Booking Window.
- Pricing & promos: Use Dynamic Pricing to set base floors, then offer length-of-stay discounts (30, 60, 90+ nights).
Compliance & Practical Considerations
- Local rules: Many cities reclassify 30+ nights as “non-transient.” Verify licensing, HOA bylaws, and occupancy standards.
- Taxes: Transient occupancy taxes may not apply to 30+ nights, but sales/VAT or lodging rules can vary—confirm thresholds and filings.
- Agreement type: Lease or occupancy license reflecting furnished, utility caps, cleaning cadence, pet deposits, and early-termination terms.
- Screening: ID verification, employment or assignment letters (e.g., hospital contracts), and deposits to reduce risk.
- Insurance: Ensure your policy covers extended stays; STR endorsements sometimes exclude MTR exposures.
Examples
- Corporate housing: A consultant rents a furnished condo for 5 months, utilities included, with monthly cleanings and a capped electricity allowance.
- Relocation: A family lands a 90-day lakehouse lease while house-hunting; the host provides garage storage and flexible move-in timing.
- Clinical assignment: A travel nurse books 13 weeks; the lease includes a quiet-hours clause and desk setup near a window with strong Wi-Fi.
Related Terms
- Short-Term Rental (STR)
- Long-Term Rental (LTR)
- Corporate Housing
- Furnished Rental
- Lease Agreement
- Turnover Management
- Booking Window
- Seasonality
- Dynamic Pricing
Frequently Asked Questions
What length should I set for a “mid-term” minimum?
Many hosts set a 30- or 31-night minimum to align with local non-transient definitions and tax thresholds. Add 60/90-night discounts to attract longer stays.
Should I use a lease, a license, or my STR terms?
Use a written lease or license tailored to MTRs. STR house rules are helpful, but a 30+ night agreement should cover utilities, inspections, deposit, and early termination.
How do I handle deposits and cleaning?
Require a refundable security deposit (or card hold) and define mid-stay cleanings (e.g., every 30–45 days) in the agreement. Clarify pet deposits and move-out expectations.
What gear matters most for MTR guests?
Reliable Wi-Fi, ergonomic desk/chair, blackout shades, quality mattress, full kitchen kit, washer/dryer, and climate control. For lake homes, add secure gear storage and outdoor maintenance schedules.
Can I run both STR and MTR on the same property?
Yes—many operators STR peak weeks and MTR shoulder/off-season. Keep calendars clean, price by season/LOS, and confirm your permit/HOA allows mixed use.
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