Long-term rental is a type of residential lease. Residential leases differ from commercial leases in purpose.
Commercial leases serve business operations, whereas residential leases provide living spaces.
Long-term rental is distinguishable from short-term rental by duration. Short-term rentals typically last a few days to several weeks, examples include vacation homes.
In contrast, long-term rentals usually extend for six months or more, often seen in Bangkok apartments or houses.
Long-term rental features popular among tenants include fully furnished units, on-site security, and access to amenities. Fully furnished units offer furniture and appliances, eliminating the need for tenants to purchase these items.
On-site security ensures tenant safety 24/7. Amenities such as swimming pools and fitness centers enhance living quality.
Common features of long-term rentals encompass lease agreements, deposit requirements, and utility payments. Lease agreements detail the terms between landlords and tenants.
Deposit requirements protect landlords against damages, often equivalent to one or two months’ rent. Utility payments, covering electricity and water, typically fall to the tenant.
Unusual features in some long-term rentals include private rooftops, smart home technology, and personalized concierge services. Private rooftops offer exclusive outdoor space.
Smart home technology allows for device and utility control via smartphones. Personalized concierge services provide tailored assistance, from travel bookings to household management.
Unique features in select long-term rentals comprise automated parking systems, biometric access, and in-unit private elevators. Automated parking systems optimize parking space and enhance security.
Biometric access ensures tenant identity verification through fingerprints or facial recognition. In-unit private elevators offer direct access to apartments, ensuring privacy and convenience.
Long-term rentals prioritize stability and immersion over the transitory nature of short-term rentals. This focus appeals to individuals seeking a home-like environment in Bangkok, contrary to the often impersonal experience of short-term stays.
For additional information on real estate terms and concepts, refer to our real estate glossary.