What Is a Short Term Rental?

A short term rental could also be a short-term leasing agreement between a property owner and a tenant. In this case, the tenant would be allowed to rent the property for a specified period of time. If this time period is not satisfied, the landlord may decide to put the dwelling unit up for rent again. In the meantime, the tenant will pay the landlord for rent. Most landlords prefer that a short term rental is a single month's rental. This ensures that the property does not become a liability for more than a single month.