Monday, February 23, 2009

Renting A Corporate Apartment for the Short Term

William has been working for a software company in Southern California for 10 years. After closing a huge deal, management decided to promote this model employee. Instead of handling a small department, the opportunity came to handle the entire Asia-Pacific Region.
This promotion meant moving to the corporate office in Singapore, which was really far from home. Management was kind enough to shoulder the moving expenses until William is able to find a better home.
The practice of getting a corporate apartment is not that different from someone getting a place to rent. This is because the same things need to be assessed before signing on the contract and moving in.
The first thing William should do is assess how long it will take before being able to find a more suitable and permanent place to stay in. This could take some time so it will be a good idea to set a timetable and do some scouting.
Though some companies will pay the rent immediately, other employees will have to shoulder the expenses first then reimbursed later. This is when the person must think if there is enough to cover everything until permanent housing has been found.
The price for a corporate apartment usually includes the cleaning service, the dishes and linens. If these are not included, asking how much should be added will be another indicator if one should get this or look somewhere else.
If the tenant has a family, another thing to be put in consideration is the proximity to the office, the school and the grocery. The apartment should also have furniture and perhaps a few amenities such as a pool or a gym so one will be able to unwind after a hard day at work.
Since this is a different environment and country, it will be a good idea to ask the help form the company’s human resource office about places that offer corporate housing. There will surely be some hotels and apartments available.
If the rates are too expensive, it is time to look at the directory or asking some assistance form the locals. There may be a specialist who does this for a living and visiting the various places will surely be worth the trip.
The customer should probably make a list such as how much it costs and the things the place should have so the corporate housing agent will have an idea of what places to show.
The rates for corporate housing are usually on a weekly or monthly lease. If the terms are much longer, perhaps it will be a good idea to look somewhere else.
If everything is in order, then its time to ask about the security deposit and other amenities it has before signing on the contract. The person shouldn’t send the items from back home here but rather in a storage facility first so that this can be unpacked properly in the permanent home.
Renting a corporate apartment for the short term is truly a great way for the tenant to relax until a permanent home has been found. Those who have to be reassigned to another state or country should do everything necessary so that there won’t be any problem when one gets in from the airport.
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