Mid-term letting

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Mid-term letting

Mid-term bookings are rental stays that are longer than three weeks but under 6 months in length. These bookings can extend to similar periods as normal long-term rental leases (6-12 months) however are distinguished by the absence of a formal lease agreement.

Similar to short-term rentals, mid-term stays are generally booked through accommodation platforms such as Airbnb. Depending on the length of stay, a lower nightly rate may be negotiated with the guest as a special offer to secure occupancy for your home. Similarly, the L’Abode management fees will vary based on the lease length in your property to secure a maximum income for you.

Bookings 21 days in length or longer represented more than 60% of L’Abode Accommodation’s total booking revenue in 2021. We are well placed to search for the best guests for your apartment. Mid-term guests are searching for well-appointed, fully furnished properties with utilities already set up. Properties we describe as ‘move in ready’.

Mid-term letting suits properties in a strata development with building restrictions and any minimum night stay restrictions (typically 90 nights). As an owner, mid-term letting can give you more peace of mind, if you would prefer one or two trusted guests rather than multiple guests coming and going from your main residence. At the same time, you can benefit from seasonal pricing, which should help boost your annual rental income to beat, or match, a traditional annual lease.

Mid-term letting

Mid-term letting enables you to secure occupancy for your apartment in accordance with minimum night stay restrictions, whilst having the flexibility to capitalise on seasonal prices.