Medium Term lease agreement

Rental Property Investor · Dayton, OH · Member since 2018 · 108 posts · 48 votes

Hey guys,

Should a lease for a medium term rental be drastically different than it is for a standard long term lease? If someone has a medium term lease that you use, could you share? Thanks!

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Nathan GesnerBusiness Member

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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes

Quote from @Ian Gilligan:

Hey guys,

Should a lease for a medium term rental be drastically different than it is for a standard long term lease? If someone has a medium term lease that you use, could you share? Thanks!

My current goal in life is to educate the masses that "medium-term" is a made-up name that does nothing to solve anyone's problems and only creates confusion. Your question is a great example.

Medium-term rentals are month-to-month rentals. They are typically furnished and include utilities, just like a short-term rental, but they are rented long-term (more than 30 days). They've existed forever and were always referred to as long-term or month-to-month rentals. Someone wanted to sell a book and make some YouTube videos, so they created a new term. Zoning still sees them as long-term. The law sees them as long-term. Use the same lease, follow the same laws, market on the same websites.

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
3y
Quote from @Ian Gilligan:

Hey guys,

Should a lease for a medium term rental be drastically different than it is for a standard long term lease? If someone has a medium term lease that you use, could you share? Thanks!

My current goal in life is to educate the masses that "medium-term" is a made-up name that does nothing to solve anyone's problems and only creates confusion. Your question is a great example.
Medium-term rentals are month-to-month rentals. They are typically furnished and include utilities, just like a short-term rental, but they are rented long-term (more than 30 days). They've existed forever and were always referred to as long-term or month-to-month rentals. Someone wanted to sell a book and make some YouTube videos, so they created a new term. Zoning still sees them as long-term. The law sees them as long-term. Use the same lease, follow the same laws, market on the same websites.
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Will FraserPro Member
Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
3y
But Naaaaaate . . . . I've never read a book touting the astronomical benefits of month-to-month leases . . . .
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Matthew Masoud
Investor · Orange County, CA · Member since 2014 · 363 posts · 408 votes
3y
I have a contract I can send over to you. We have a management company that works exclusively with short-term and medium-term rentals property. Let me know.
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Jonathon YoungPro Member
Hutto Texas · Member since 2022 · 4 posts · 1 vote
3y
Quote from @Matthew Masoud:

I have a contract I can send over to you. We have a management company that works exclusively with short-term and medium-term rentals property. Let me know.

Hi Matthew, any chance you could send me that contract for the month to month property? Thanks!
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Anthony McEvoyPro Member
Investor · Champaign, IL · Member since 2018 · 160 posts · 114 votes
3y
@Matthew Masoud I'd like to see it, too. I'm curious if it is much different than my long term lease or has a few extras.
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Garland McMurray II
New to Real Estate · San Diego, CA · Member since 2018 · 2 posts · 0 votes
3y
@Matthew Masoud If you could ever so kindly send me over such a document I'd be greatly appreciative. Im also curious to see the difference. Thanks!
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David Brus
Member since 2022 · 1 post · 0 votes
3y
@Matthew Masoud

would you be willing to send a copy of the lease document to me as well? Thank you! I would appreciate it very much!
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