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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 .
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Local entrepreneur Stephen W. Bajus purchased the property in the 1980s. After a complete refurbishment, the hotel offered all of the usual modern amenities, including a restaurant, a private room for dining and meetings and forty guest rooms plus two luxury suites and fourteen off-site luxury furnished apartments for longer-term stays.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
There are four options for parking: Short Term, Long Term, Extended, and Economy. The economy option was added in 2021. [97] The short term garage has 2100 spaces and is attached to the landside terminal via the enclosed moving walkway. The long term section is also connected to the enclosed moving walkway and has 3,100 spaces available.
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