Most real estate properties in Cambodia and anywhere else, generally have long-term lease policies which could prove to be difficult for those who will only be there temporarily. In this case, if you are looking for your next home but you’re not planning to stay long, then a short term lease is the right option for you.
A short term-lease is the ideal rental contract for those planning on staying for 6 months and less in a property. Generally, the minimum contract is 3 months for some apartments and condominium units where the owner allows it but there are serviced apartments that offer a 30-day stay and more, depending on what you need. Take note though that it’s also possible to stay for days and weeks.
Are rental fees for short-term leases expensive?
When you’re looking for your next short-term home, you need to set a specific budget since rental fees can be expensive depending on what type of property you want to rent as well as its location. Additionally, the rental price depends on how short you will be staying in the property since some owners and property managers set higher fees for shorter stays.
Moreover, short-term rental fees are usually non-negotiable. You can confirm this though with the property manager for the serviced apartment or the owner of the unit you want to temporarily rent.
Target renters for short-term leases
Generally, the usual renters for short-term leases are those who will be in a specific city in the country temporarily due to work and business trips. This is especially common these days since Cambodia is reopening the country again. Other than that, tourists who want to fully enjoy their vacation, whether they are locals or expats, also enter into this short contract.
Features of homes with short-term leases
The key thing to renting a temporary home is that it already needs to be furnished to the bone so you won’t have to worry about anything. This is usually the case for properties that offer short stays like condominiums, apartments and serviced apartments.
For condominiums and apartments, you can rent a semi or fully furnished one but take note that utilities are not included here so you have to make separate payments for it. On the other hand, serviced apartments offer fully furnished units wherein utilities, WiFi, cable TV and more are already included in the package, making it easier for you to access them!
Where to find your short-term lease home
Since short-term leases are not mostly offered in Cambodia, it can be difficult to find one, so your best option is to approach an agency like IPS Cambodia where agents can negotiate for you on your length of stay and budget. However, it is still possible to find great properties that are cost-effective as long as you know where to look. Leading real estate company IPS Cambodia has numerous high-quality listings in Phnom Penh, Siem Reap, and other provinces so check it out to find your next temporary home!