The mid-term rental property model offers flexibility, reliable income, and minimal hassle.
The property rental market is forever evolving, which is great. It means new opportunities! The mid-term rental model is a flexible option that bridges the gap between short-term holiday lets and traditional long-term tenancies. This post explains what mid‑term rentals are, how they work, and why they’re becoming a smart option for property owners across the Peak District.
What are mid‑term rentals?
A mid-term rental (also referred to as a medium-term rental) typically runs from one to six months. They offer a stay that is considerably longer than a holiday let but shorter than traditional long-term tenancies.
They are increasingly popular among professionals working on projects or remotely, who need a base. This style of rental option also suits individuals considering relocation and want to experience living in an area without a long-term commitment.
For holiday let owners, this can be a great option if you want a reliable income while also keeping your property available for certain times of the year.
What are the key benefits of mid‑term rentals?
There are fewer changovers and lower maintenance costs
Unlike short-term stays, where guests come and go every few nights, mid-term rentals mean longer stays. Often, this can last several weeks or months at a time. This results in fewer changeovers, reduced cleaning requirements, and less wear and tear on the property. Fewer turnovers also mean less time spent managing bookings and logistics.
Higher monthly income
While long-term tenancies typically generate lower monthly income to secure a stable occupant, mid-term lets strike a balance. You can often charge more per month than with a traditional rental, without the constant vacancy risk associated with short-term stays.
Flexibility
Letting your property in this way can give you control over your calendar. You might offer your property for a few months, then pause during the peak holiday season to maximise short-term bookings or use the property yourself. You can then return to mid-term lets when demand shifts.
It’s a model that adapts to your aims and lifestyle.
Tenants are likely to be lower risk
Many mid-term guests are professionals, such as remote workers, NHS staff, or people relocating. They typically treat properties with respect, pay on time, and plan their stays in advance, making them more predictable and less risky than ad-hoc holiday makers.
Happy, settled guests and a filled property!
Mid-term tenants appreciate having a space that feels like a home and not just a place to sleep. They tend to stay longer, treat the space as their own, and often give better reviews.
The result? A more positive experience for both guest and host, with fewer headaches and better outcomes all round.
Who benefits from mid-term rentals?
It may come as a surprise, but many people can actually benefit from mid-term rentals. Here are a few we often come across:
Property owners:
- You can earn more reliably than with mass turnover during holidays.
- Keep flexibility to reclaim the property for personal use or seasonal lets.
- Attract professional, low‑risk guests who respect the space.
Working professionals: With many people working in hybrid or remote roles, there has been an increase in working professionals seeking mid-term rentals. Often with temporary assignments or extended business trips.
Travelling nurses and medical professionals: Contract-based work often leaves nurses and medical professionals needing a mid-term base.
Students and academics: On internships, exchange programmes, or short courses.
Individuals relocating or undergoing home renovations: Mid term rentals are a great option for tenants needing temporary housing while finding a permanent home.
How to make mid‑term rentals work for you
Mid‑term lets can be a brilliant way to earn steady income without the stress of constant changeovers. A little preparation goes a long way. Here are some simple steps to help you get the most out of this flexible rental model.
1. Prepare your property thoughtfully
Mid‑term guests aren’t just on holiday, they’re going to be living in your holiday let. Make sure your space feels like home.
- Include the essentials: Comfy seating, a dedicated workspace or desk, good lighting, and fast, reliable Wi‑Fi.
- Keep it clean and welcoming: Fresh, neutral décor and a tidy layout go a long way.
- Equip for longer stays: A washing machine, a proper kitchen setup, and everyday essentials (such as cutlery, pots, and a decent kettle) make all the difference.
2. Set the right price
Pricing for mid-term lets usually sits between short-stay rates and long-term rents. Aim for value and simplicity.
- List where mid‑term guests are looking: Some platforms (like Airbnb) allow monthly pricing; others cater specifically to professionals or relocation clients.
- Get advice: Working with a holiday let management company can help you find the sweet spot. We can help you to balance income with occupancy.
3. Keep management simple and guest-friendly
Mid‑term lets are easier to manage than nightly stays, but a little organisation helps everything run smoothly.
- Plan light, regular changeovers: A fresh clean every 4–8 weeks keeps things comfortable without being a chore.
- Consider bills: Including utilities, Wi‑Fi, and council tax.
- Use support where it helps: Whether it’s guest vetting, agreements, or ongoing management, a trusted property management company can take care of the details so you don’t have to.
Finally, our top tips for owners considering mid‑term lets
- Know your target guest: Whether that’s business travellers, academics, or digital nomads.
- Price smartly: Compare your local holiday‑let rates vs long‑term rent to find the sweet spot for mid‑term pricing.
- Offer clarity in agreements: State start/end date, notice periods, and deposit terms. Especially for stays over 90 days, where legal requirements change.
In all, mid-term rentals provide a middle ground. They suit smart property owners who want to maximise income and reduce admin. If you want help assessing whether your property might perform well as a mid‑term let or if you’d like to offer this alongside short and long lets, we’d be happy to chat. Please leave a comment or contact us to explore your options.
Holiday let management and support team
If you are considering holiday let management in the Peak District, we can help you. With competitive pricing and our 24/7 guest support team consisting of real people who know the properties and Peak District area well, the team is always available to answer your questions.
We offer a complete end-to-end support service to ensure your holiday or short-let property realises its full rental income and occupancy potential. We operate using our Peak District teams and providers who understand the importance of knowing your local area better than anyone.
Here are a few ways we can support you:
- Complete property management support service, including cleaning and linen management.
- Rolling 12-month contract.
- Peak District-based support team to ensure your short-let property is well managed.
If you have any questions about any of the above, you can contact us, and we will help in any way we can. We hope this article has been helpful, and we thank you for your cooperation!