Advantages and disadvantages of monthly apartments | Who is it recommended for and in what situations?
Monthly apartments are furnished apartments available for short-term contracts. They are a unique type of accommodation that allows you to move in more easily than a regular rental and feel like home, unlike a hotel.
In this article, we will summarize the benefits and points to note about monthly apartments, which are used in a wide range of situations, and suggest recommended usage scenarios.
What is a monthly apartment?
A monthly apartment is an apartment designed for stays of around one month to six months. The building itself is the same as a regular rental apartment, but it is equipped with furniture and appliances, there is no need to sign up for utilities, and there are no initial costs such as a security deposit or key money, making it much easier to move in for a short stay than signing a regular rental contract.
This article explains in detail how monthly apartments work and what their features are.
Benefits of Monthly Apartments
The advantages of monthly apartments are that they are affordable for short- to medium-term stays and offer the comfort of home.
Reduced initial costs
When signing a contract for a monthly apartment, you don't have to pay any initial costs such as a security deposit, key money, or brokerage fee, which are required when signing a contract for a regular apartment. Furniture and appliances are also installed in advance, so if you add all of this up, you can reduce your initial costs considerably.
Furniture and appliances are provided
Monthly apartments come equipped with the furniture and appliances necessary for daily life. This is a major difference from rental apartments. It reduces purchasing costs and reduces the hassle not only when moving in but also when moving out.
No need for lifeline or internet contracts
Many monthly apartments are equipped with internet access and unlimited Wi-Fi, so there is no need to apply for a line. Furthermore, electricity and water are already contracted, so you can start living there without the hassle of setting up your living environment. These fees are usually included in the rent.
Enjoy a homely stay in a spacious room that suits your needs
Monthly apartments are the same as regular rental apartments. Even if you are only staying temporarily, you can relax in a spacious apartment that suits your needs, just like at home.
Livemax offers a total of six property types to suit your needs.
You can freely set the usage period.
With a monthly apartment, you can freely set the length of stay. While business hotels can be used for one day, they do not fulfill the function of a residence for long-term stays, and reservations are difficult to make and the fees are high.
Monthly apartments are available in monthly units, and in some cases, you can even pay the rent for a few days at a time. Therefore, all you need to do is decide the length of your stay in advance and sign the contract.
Easy screening and immediate move-in
The screening process for monthly apartments is easier than for rental properties, and you may be able to pass even if you are unemployed or do not have a guarantor. The reason the screening is easy is because they use a "lump-sum advance payment system" where you pay the full amount before moving in. Because it is a lump-sum advance payment system, the management company completes the contract after receiving the money. There is no need to worry about late or missed rent payments, and you can move into a monthly apartment as long as you can pay in advance.
Things to note about monthly apartments
Longer stays are more expensive
Monthly apartments have low initial costs, but because their pricing and system are designed to be advantageous for short- to medium-term stays, they are not suitable for long-term stays of several years. If you are considering staying for a year or more, a rental apartment is recommended.
I can't choose furniture and appliances myself
The advantage of monthly apartments is that furniture and appliances are provided, so you can keep the cost of furniture and appliances down, but on the other hand, you can't choose the furniture and appliances you like. People who are particular about furniture and appliances may find this a disadvantage.
In many cases, it is not possible to view the property in advance.
Monthly apartments tend to be frequently replaced, and in many cases, viewings are not possible. This means you have to move in without actually experiencing the size of the room, the flow of traffic, the amount of sunlight, etc. When choosing a monthly apartment, be sure to check as many details as possible online by looking at multiple photos and viewing videos.
If you have time, it's also a good idea to check out the area around your room to see if there are any nearby supermarkets, the security situation, etc.
Who is recommended to use monthly apartments?
Monthly apartments are recommended for office workers looking for a place to live when they are on a business trip or are working away from home, young people who want to experience living alone, and couples who want to live together for a trial period.
- Office workers looking for a place to live when they are away on a one-month business trip or are working away from home
- Young people who want to experience living alone
- A college student's first new home
- Couples who want to live together as a trial period
- People looking for temporary housing while renovating their homes
- People returning from overseas looking for temporary housing
For monthly apartments, choose "Livemax"
Monthly apartments, which offer many benefits for short- to medium-term stays, are chosen by many people, both individuals and corporations.
Livemax Monthly Apartments has over 20,000 rooms in major cities across Japan, all of which are conveniently located thanks to our unique market research. We also offer special seasonal plans and campaigns, so please feel free to contact us.
