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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
In many jurisdictions (including India, Spain, Australia, United Kingdom and the United States) rent paid in a trade or business is tax-deductible, whereas rent on a dwelling is not tax-deductible in most jurisdictions. Financial inadequacy, such as renting a house when one is unable to purchase, i.e "renting by necessity".
Vacation rental bedroom in Liesing, Austria. A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel.
Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K Apartment Across the Hall (Exclusive) ... US monthly house prices rise further in August.
Self-storage facilities rent space on a short-term basis (often month-to-month, though options for longer-term leases are available) to individuals (usually storing household goods; nearly all jurisdictions prohibit the space from being used as a residence) or to businesses (usually storing excess inventory or archived records). [2]
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