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The Hong Kong short term lease service Apartment and serviced apartment are two terms that are often used to describe the same accommodation type. It's easy to confuse their meanings, especially as the two terms are often used interchangeably. But there is a subtle difference between them.
What's a Serviced Apartment?
Serviced apartments are typically owned by companies or hotel groups that offer short-term rentals like apartment short term lease options. They're similar to hotels in that they'll provide extra services like cleaning, maintenance, and security. You can expect to find things like a reception desk, concierge services and facilities like gyms and spas. Serviced apartments and long term lease apartment residences usually have more of a hotel feel than a homey feel because they're designed for people who don't need an extensive kitchen setup.
A serviced apartment is a furnished apartment that comes with services like housekeeping, laundry, or linen changes, but there is no front desk or guest services in place. The owner of the property might live onsite or own multiple units in the building and rent them out long-term as apartment short term lease short-stay vacation rentals. These types of properties usually have more of a homey feel than a hotel feel as they're designed for guests who want to spend long stays in one location
Serviced apartments are typically furnished apartment residences offered on a short-term basis in a residential-style format. They provide hotel-like services, such as housekeeping and front desk, but usually at lower rates than hotels. They are usually studio, pet friendly studio apartment flats, or one-bedroom apartments. In many countries, the Hong Kong short term lease serviced apartment is larger than a hotel room and includes a kitchenette. A serviced apartment may also include amenities such as an on-site gym, complimentary breakfast, high-speed internet access, office facilities, and more.
What's a Service Apartment?
The service apartment or the service apartment pet friendly is usually located in urban areas near the city centre and they may be part of larger residential complexes or gated communities. The long term lease apartment options are often found in highly populated areas where hotels are too expensive to build or operate. They are also preferred by business travellers who need to be at one place for a longer duration, especially in cities like Hong Kong where hotels are not usually available for short stays of less than 7 days like the apartment short term lease properties.
The monthly Service Apartment
The monthly rent of a service apartment in Hong Kong will range from HKD 8,000 to 60,000. The monthly rate is inclusive of utilities, such as electricity and water, wifi, and TV cable charges. A few Hong Kong short term lease service apartment properties offer a weekly cleaning service or laundry services. There are some service apartment flats and Apartment O Causeway Bay residences that are available for daily rent, but these are usually at hotels.
Bills
The Hong Kong short term lease service apartment properties usually include utility bills in the monthly rate. Most service apartment and lease apartment options in Hong Kong have an all-inclusive arrangement that includes electricity, management fees, and internet. Some also include weekly housekeeping or laundry services.
The weekly Service Apartment in Hong Kong
The weekly Service Apartment is a perfect place for business and leisure travellers who are looking for a unique place to stay. The pet friendly apartment and the service apartment are located close to the trendiest dining, shopping, and entertainment area of Hong Kong. If you need short-term accommodation or long-term accommodation, we offer you the best choice to stay in our fully furnished apartment at reasonable prices. Apartment O Causeway Bay service apartment residences are designed with an open kitchen concept, high-quality interior finishes, classic furniture in the furnished apartment, and fittings. We are sure that you will be comfortable with our spacious living room, clean bathroom, and fully equipped kitchen in your service apartment.
The Weekly Service Apartment VS The Monthly Service Apartment in Hong Kong
The Hong Kong short term lease weekly service apartment type has a weekly rent of about HK$7,000 to $9,000, and the monthly service apartment has a monthly rent of about HK$20,000 to $25,000. The biggest difference between the two is that you can move out immediately for a weekly service apartment and clear all the rent within three days. However, for the monthly service apartment and the pet friendly studio apartment, you cannot move out immediately.
You have to give at least one month's notice before moving out. Besides, if you do not pay within three days in the monthly rent service apartment for the Hong Kong short term lease flats, it will also be considered an overdue payment and will be included in your credit record. In Hong Kong, The service apartment services are all around the city. However, there are two types of service apartment lease apartment flats in Hong Kong; the weekly service apartment VS the monthly service apartment.
The Weekly Service Apartment
The weekly service apartment is a more budget option for those living in Hong Kong for the apartment short term lease flats for a short-term period. It has advantages for people who are travelling and do not wish to spend on booking hotels, especially when they are staying for more than one week. Apartment O Causeway Bay weekly service apartment rental will usually be between HKD5,000 to HKD10,000 per week*, with a minimum of 1-week stay required. The price depends on the size of the apartment and location.
The Monthly Service Apartment
Unlike the weekly service apartment, monthly service apartment options like the long lease apartment properties are a better choice for long term stays as it is more economical and cost-effective. You can find a variety of options ranging from pet friendly studio apartment units to apartment two bedroom residences or even townhouses. A typical monthly rent would be between HKD25,000 to HKD40,000** depending on the size of the apartment and location.
The Short-term lease Service apartment
A short-term lease Service apartment is a kind of self-contained housing complex that provides amenities usually found in hotels. The apartment short term lease properties are typically either owned or managed by an apartment building owner, similar to a rental property.
Unlike a rental property, however, a service apartment or a pet friendly serviced apartment is rented out for short periods of time. Tenants may rent these Hong Kong short term lease apartments for as little as one night or extend the stay as long as needed. These properties are often furnished apartment properties and include basic kitchen necessities, such as pots and pans, utensils, dishes, and even appliances. Other services may also be included in the cost of the apartment, such as housekeeping.
The terms "serviced apartment" and "extended stay hotel" are often used interchangeably; however, there are subtle differences between the two types of accommodations. service apartment options or the lease apartment residences generally have a home-like feel and provide more space than extended stay hotels. Extended stay hotels tend to be more hotel-like in their appearance and do not provide many extra amenities other than what is provided in the one bedroom apartment room itself.
Short-term leases may be more suitable for tenants who are:
Looking for flexibility – For tenants who are not sure of their future plans or who do not plan on staying in an area for a too long term lease apartment, short-term leases offer flexibility. Tenants are able to scale up or down or move locations sooner than if you were locked into a long-term contract.
Trying to limit costs – If your lease is month-to-month, there is no charge for breaking your lease. If you sign a long-term lease for a service apartment pet friendly flat, you are legally responsible for rent payments for the duration of the lease, whether you live there or not. Month-to-month leases allow you to pack up and go at a moment’s notice.
Looking for convenience – If it turns out that you want to stay put, speak to your landlord, who may be interested in extending your short-term lease into a longer-term arrangement for your apartment two bedroom residences. This saves you the trouble of having to look for new accommodation or potentially having to reapply for a new place.
Short-term leases may not be suitable for you because it:
Lacks security and stability – If stability and security is what you seek, a longer-term lease may be a better option. Tenants who plan on staying for a longer period may end up paying too much when renewing the lease, while those with a family and looking for an apartment three bedroom flats may find the instability frustrating and impractical.
Can affect your credit – Every time you apply for a lease apartment, your landlord will pull up your credit history, and the more times that report is accessed, the more it can negatively affect your credit score. It can also be a warning sign to prospective landlords that you live an unstable lifestyle.
Incurs relocations costs – Changing locations after each lease can incur high relocation costs.
The Long-Term Leasing lease Service apartment
Long-term leases are ideal for people looking to base themselves in an area for an extended period. Long-term leases offer more stability for people looking to put down roots in a long term lease apartment. There is also sometimes the option to choose a fully furnished apartment, partly furnished, or unfurnished property.
Long-term leases are well suited to tenants who:
Are looking for stability – The Long lease apartment is ideal for tenants wanting to firmly establish themselves in a specific location. A long-term lease also gives the tenant peace of mind in knowing what their living arrangements will be for the duration of the lease. It also protects the tenant from having to move if the premises are sold or if lease renewal is not an option.
Make long-term financial plans – Long-term leases allow you to calculate your rental expenses over the long term and make proper provisions for picking the next one bedroom apartment.
Enjoy flexibility – Tenants may find that landlords offering long lease apartment options are more willing to compromise on other lease terms like a rent-free period, renovations, or a sub-lease option.
Which is Better?
Choosing an apartment short term lease or long-term lease will depend on your individual circumstances. While short-term leases are a convenient option for tenants looking for flexibility, long-term leases will provide greater stability, security of income, and less hassle in terms of looking for new accommodation.
Our Service Apartment Services In Hong Kong, Happy Valley, and Causeway Bay
Apartment O provides a hotel-style service apartment for short term rent like the apartment short term lease options. Our service apartment residences are fully furnished, modern, and comfortable. They are located in prime areas with easy access to public transportation. Choose from one of our many locations which best suits your needs. When you stay in Apartment O Causeway Bay service apartment properties you will have the comforts of home while travelling away from home. All of our service apartment residences come with a fully equipped kitchen, laundry facilities, and all modern conveniences.
A large room with a double or queen size bed or 2 twin beds in bedrooms (dependent on Apartment O Causeway Bay availability). The living room contains a sofa, coffee table, dining table and chairs, and a working desk. The bathroom includes either shower only or shower over bathtub (dependent on availability). Apartment O service apartment and the pet friendly serviced apartment are located in Causeway Bay, the heart of Hong Kong Island. This prime location gives you access to the best dining, shopping, and entertainment venues that Hong Kong has to offer.
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