It is recommended that the landlord collect one (1) month’s security deposit in case of any damage on the premises and one rental payment (last month’s rent) in case the tenant does not pay or decides to vacate the property without notice. Both short- and long-term leases offer their own benefits and drawbacks for tenants and landlords alike. But short-term leases may also refer to other situations, they are based on a month-to-month rental agreement, which may or may not be renewed at the end of each month. Often, they may be weekly, such as a vacation rental in which a landlord rents out her property to tourists or vacationers. If flexibility is your biggest concern, or you only need a place to stay for a short time, or even less than one week in the case of vacation rentals. Although monthly agreements are the most common, a short-term lease is ideal for you.A short-term lease generally refers to a lease with a duration of less than six months. This flexibility is ideal if you work in a field that may require you to relocate with little notice. It also allows for either party to submit a notice of nonrenewal at the end of each term. This leaves little notice for the tenant to find a new residence or for the landlord to find a new renter. So is using a “good” short-term rental agreement when the facts don’t qualify you to use a short-term rental agreement.
