Can you live in a serviced apartment?

Can you live in a serviced apartment?

In some buildings, it is possible to buy serviced apartments that are not currently under a management agreement. However, because it’s classed as a serviced apartment, you are still obligated to have short term leases, and you can’t live in it as your main residence.

What does it mean when an apartment is serviced?

A serviced apartment is a fully furnished apartment available for both short-term as well as long-term stays, providing all the hotel-like amenities, such as having room service, a fitness center, and a laundry room. Most luxurious apartments are serviced.

Can we cook in service apartment?

A serviced apartment is considerably cheaper than a hotel room when staying for an extended period. Because of the fact that the actual cost of the apartment is lower than a hotel room, and also because you have the possibility to cook for yourself and not have to eat out.

What is the difference between apartment and serviced apartment?

A serviced apartment (also known as a service apartment, an extended stay apartment or a serviced condo) can be defined as a type of fully furnished apartment, which can be used for both short-term and long-term or extended stays.

Can I buy service apartment?

Because of the long leases, serviced apartments can only be sold to investors – the owner-occupier market is effectively shut out. This severely affects the level of demand for the product and restricts capital growth.

Is serviced accommodation profitable?

Why serviced accommodation? – well, serviced accommodation offers a lucrative 6% to 7% guaranteed rental profit over the invested money when the room is often occupied by renters.

Why are serviced apartments cheaper than hotels?

No hidden cost: There are not any hidden costs, rates include property management costs, utilities, property tax charges and weekly servicing. Internet Service is additionally included. Not only are service chambers usually more economical than motels, but the rates generally lessen the longer you stay.

Are service apartments safe?

Most of the serviced apartments also have guarantee high safety and security with well-equipped security devices like videophone, CCTV cameras and discreet entrance areas to monitor all activities in commonplaces.

Are serviced apartments more expensive?

Serviced apartments therefore include all of the convenience of hotel rooms but can be less expensive than equivalent hotel rooms for longer stays. The difference between more ‘traditional’ accommodation, such as hotels and motels, is that serviced apartments provide more of a ‘home away from home’ feeling.

What is rent to service?

Is the process by which an investor rent an apartment/house for long term usually 2-5 years and subsequently, let it out short term or nightly basis to event goers, contractors and tourists.

Do serviced apartments provide towels?

A serviced apartment is the perfect alternative to a hotel room. Like a hotel room, you can stay from as little as one night to one year or more. Our serviced apartments provided everything to make your stay feel like a home from home. From tea towels to teaspoons, toasters to toiletries our apartments provide it all.

Are there service apartments in Pune for a day or month?

So whether your stay is for a day or a month, look no further than our Service Apartments in Pune.

Where to stay in Pune for business travelers?

Book Executive, Standard, Premium Service Apartments in Pune for long stay and Yearly Serviced Apartments Pune for Large Group Project Stays at all prime locations. Thankfully, there are alternate lodging options available for the discerning traveler, called Corporate Housing business travelers stays, Serviced Apartments Pune.

Why choose opolive house rent in Pune?

Olive house rent in Pune is fully furnished service apartments located at various peaceful places in Pune. We offer 1/2/3 BHK apartment which comes with the fully loaded kitchen to give the feeling of home to our guest when they are away from home.

What is the need for corporate housing in Pune?

Housing solution for corporates, relocation or business travelers who require temporary housing in Pune, to travel coordinators who need multi-location extended stay hotels with direct billing capabilities. Corporate Housing Pune Extended Stays has all you need to relax in comfort and convenience

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