What is Corporate Housing and What are the Advantages?
Corporate housing means fully furnished apartments with flexible leases and all-inclusive costs for people needing a home away from home for an indefinite length of time (30 days or more). Also called executive rentals, corporate housing gets its name because corporate businesses often use the furnished apartments to temporarily relocate employees in a new city for business travel. However, the word “corporate” does not always accurately define corporate housing. With all amenities included in the month-to-month lease, corporate housing is furnished temporary housing for individuals and families who are in transition. Corporate housing is commonly used by healthcare professionals, music and entertainment production staff, construction workers, technology partners, government contractors, and for military TDY.
What are the Advantages of Corporate Housing?
- All-inclusive Pricing. One of the primary advantages of corporate housing versus hotels and Airbnbs is the all-inclusive pricing. Corporate housing costs include electricity, gas, water, trash pickup, Internet, cable, and phone services, with no hidden fees or additional taxes.
- Fully Furnished Spacious Living. When you want a living space that is not confined to a small square hotel room, furnished corporate accommodations come with a full kitchen, options for one or more bedrooms, a spacious living room and comfortable bathroom. All rooms are also furnished with furniture, bedding, towels kitchenware, appliances, including a washer and dryer, artwork, lamp lighting, and television, to name a few.
- 24/7 Client Support. Corporate housing offers a higher level of client care than hotel management, allowing you to personalize your housing needs for a serviced apartment experience with dedicated support 24/7.
- Cost Savings. Corporate housing is ideal for extended stays of 30 days or more, saving tenants up to 50% of the cost of a hotel.
- Month-to-Month Flexible Leasing. Another advantage of corporate housing is an adaptable 30-day rental agreement that allows tenants to stay month-to-month rather than signing a 12-month lease. With few exceptions, the corporate housing provider and the tenant are required to give a 30-day notice to end a month-to-month lease.
- Tax Deductions for Employers and Business Owners. Sole proprietors can deduct corporate housing expenses as business travel, and employers paying on behalf of an employee for corporate housing can deduct the full cost as a business expense. Learn where to deduct corporate housing on your taxes.
- Dogs and Cats Allowed. In general, most corporate apartments are pet friendly allowing tenants to bring their furry friends along for the extended stay.
- Recreation and Fitness. Additionally, many corporate housing communities have fitness centers, pools, and a variety of other perks like tanning beds, meeting spaces, and game rooms.
- Customizable Options. Individuals may need custom requests for their temporary stay
What is Included in the cost of Corporate Housing?
- 1, 2, or 3 bedroom furnished apartment
- Fully furnished rooms and kitchen
- Full-size washer and dryer
- Electricity
- Gas
- Water
- Trash pickup
- Internet
- Cable
- Phone services
- No hidden fees or additional taxes
What FURNISHINGS ARE INCLUDED IN Corporate Housing?
Though corporate housing providers will vary slightly, a standard one bedroom corporate apartment in San Antonio includes:
Furniture:
- Couch & Loveseat/Chair
- Coffee & End Table
- TV Stand & 32″ Flat Screen HD TV (with remote)
- Dining Room Table & Chairs
- Queen Bed & Headboard, Dresser, Night Stand, & Mirror
- Lamp (x2)
Master Bed/Bath:
- Alarm Clock
- Pillows (x2)
- Blanket
- Sheets
- Laundry Basket
- Trash Can
- Shower Liner & Curtain
- Iron & Ironing Board
- Soap Dispenser
- Bath Rug
- Bath, Hand, & Face Towels
Kitchen:
- 4-6 Piece Place Setting (Plates, Bowls, Glasses, Coffee Cups, Knives, Forks & Spoons)
- Cutlery
- Blender
- Toaster
- Microwave
- Pots/Pans
- Coffee Maker
- Bake Ware
- Mixing/Serving Bowls
- Salt & Pepper Shakers
- Napkins
- Place Mats
- Food Storage Containers (i.e. Tupperware)
- Kitchen Towels, Broom & Dust Pan, Mop, Mop Pail, Trash Can
- Can Opener, Wine Opener, Measuring Cups, Measuring Spoons, Colander, Pitcher, Vegetable Peeler, Cutting Board, Oven Mitts, etc.
Other:
- Pictures, Pictures, Pictures
- Internet Service (wireless)
- Cable Television
- DVD Player
- Decor
- Washer & Dryer
- Vacuum Cleaner
Additional Corporate Housing Amenities
- Maid Service
- Office Furniture
- Baby Furniture
- Pet Accommodations
- Valet Dry Cleaning
- Reserved Covered Parking/
Private Garage/Attached Garage - Phone line, Additional Phone Line with Fax, and Other Business Essentials
- Pre-Stocked Refrigerator/Pantry
- King size Bed
- Patio Furniture
- Blue-Ray Player
- Premium Movie Channels
Bottom Line: Corporate Housing Is FULLY FURNISHED APARTMENT LIVING WITH ALL-INCLUSIVE PRICING For Extended Stays of 30 Days or More.
Corporate housing is fully furnished flexible lease apartments that provide all-inclusive pricing, competitive cost savings, and spacious living when compared to hotels and Airbnbs for extended stays lasting longer than 30 days.
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