24-hour apartment rental; 3 million tomans! – Tejarat News
According to Tejarat News, the apartment rental market in Tehran has introduced a new phenomenon to customers, during which the owner rents his unit to applicants on a daily basis and in periods of less than a year. These files, which are introduced by ad posting sites, are often offered furnished and are located in various sizes and in different areas of Tehran. Of course, it should be noted that some daily rental ads are also posted by real estate consultants on websites or presented to applicants in person.
A brief comparison between the cost of short-term apartment rental and the traditional way of renting – which is usually one year – suggests the theory that this apartment rental model is probably cheaper for tenants. For example, while the full mortgage of an apartment unit in Ferdous Boulevard is about 580 million tomans on average, the short-term rental of the same unit on a daily basis can fluctuate between 700 and 800 thousand tomans!
Based on this, the tenant pays more than 1,600,000 Tomans per day and 48,000,000 Tomans per month in the initial state, i.e. traditional tenancy, but in the new method, he has paid only 700 to 800,000 Tomans per day and 24,000 Tomans per month. He pays millions of tomans. On the other hand, the cost of buying and transporting furniture has been removed from the tenant’s expenses.
However, this method also has important drawbacks for the tenant, and that is paying rent in cash and not saving money as a deposit. This is despite the fact that if the owner has rented the apartment for one year, he must return 580 million tomans to the tenant at the end of the year, which has been removed in daily rent.
However, it seems that this new style is the favorite of some housing rental applicants; It should be noted that in some cases it is observed that all the units of a residential complex are completely rented in this way. In some rental files, the decoration of different units of a complex has been designed in various and different ways in order to attract the taste and expectations of different customers, which shows that this type of rental has a good and profitable market for the owners.
Type and objectives of demand
The target community of this type of supply is usually the applicants who intend to stay in Tehran for a short time; People who either went to Tehran for personal matters or traveled to Iran from across the borders and will have a short-term or even long-term stay in Tehran, but less than one year.
Although this rental model has similarities with renting suites in tourist cities, since most of these houses are available for long-term and for longer periods of time, they have attracted other applicants; Applicants who generally do not have a housing deposit for long-term rent but can pay monthly rent or wish to live in furnished apartments.
At the same time, some of the applicants for these files are people who work with their own money and do not want their capital to sleep as a housing deposit. Accordingly, they are willing to pay the cost of living in the property in the form of rent and cash. The same approach of tenants is probably the most important reason that has encouraged some owners to sell their residential units on a daily basis.
At the same time, it should be noted that in most of these contracts, the owner receives about half of the agreed amount for rent at the very beginning of handing over the property to the tenant. This is especially enforced on rentals of more than a few days or months.
Short term apartment rental rules
A site that has focused its activity specifically on short-term apartment rentals, noted that these units are officially offered to applicants based on the laws of the country; Examining the clauses of the contract and rental rules also shows many similarities with the rules of renting rooms in hotels and guesthouses.
However, the review of some clauses of the contract and the laws related to the host and guest shows that real estate agents will not be able to fully monitor and control the execution of short-term and daily contracts, and thus the owner and the applicant can, based on a mutual agreement, outside of Act as a real estate agent.
It should be noted that according to the law, the owner is allowed to rent one or more units of his house for a period of five months to one year, subject to the condition of the identity of the tenant and stating the duration of residence; However, daily or hourly rental of a residential unit is considered illegal. In order to rent in this way, the lessor must apply for a license from the Hoteliers and Hospitality Association.
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