When you’re heading on a trip, whether for business or leisure, you will need to decide whether you want to book a fixed-term rental or a month-by-month rental. There is a variety of places to stay in all areas of Canada, from Toronto and Mississauga to Vancouver and Calgary, each one offering both fixed and flexible rental options.
The question is, which is better? A fixed-term property or one that allows you to book month by month? Both options offer unique advantages, but this article will focus more on the latter.
Below, we have covered why you should stay in Toronto using monthly rentals instead of entering into fixed-term contracts.
Increased Flexibility During Your Trip
A rental property that allows you to add extra months onto your contract as and when you need to provides an increased level of flexibility over fixed-term rentals.
With the latter, you need to decide how long you want your trip to be before you head to your destination. However, the former enables you to extend your trip in the middle of it if you wish to explore further.
A higher level of flexibility opens the door to new opportunities and explorations. If you find that your chosen destination has more to offer than you first thought or your manager decides to book more business trips than originally planned, you won’t be stuck without accommodation when you choose a month-to-month rental.
Peace of Mind
Booking accommodation knowing that you can extend your stay if you need to can provide peace of mind. You won’t have to worry about finding somewhere else to stay and moving your belongings from one place to another if you’re staying for longer than you originally planned.
You have no long-term commitment with month-to-month rentals. Instead of needing to book accommodation for several weeks in advance, you can extend your trip each month and at very short notice. This enables you to work around unexpected events and stay calm in unpredictable or ever-changing times.
More Cost-Effective Than Fixed-Term Rentals
Renting a property on a month-to-month basis means you only pay for the time you need in your accommodation. Instead of pre-booking several weeks of accommodation and being legally obliged to fulfill your financial commitments to the property’s owner, you can book your rental for as long as you need it.
If you need to extend your stay, whether for additional business meetings, personal explorations, or more days traveling as a student, you can stay in your chosen property for longer. You won’t need to pay for the costs of transporting your belongings to a new property for the remaining days of your trip and you won’t incur any administration fees for switching from one rental property to another.
Therefore, a month-by-month rental tends to work out much cheaper than a fixed-term rental property.
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