Corporate houses are often provided to business executives when sent on business trips. Renting a house offers the executive a much more serene and homelike environment. They can have their family along, entertain guests or even do their own cooking saving money from going to expensive restaurants. Many businesses prefer to rent a corporate house for their employees when they send them on business trips that may last for a certain period of time.
Corporate housing is an alternative to renting a hotel room and is often offered as an extension service by hotels. it is also the most lucrative asset of a rental agency. You can find furnished apartments, condo or houses for rent on a temporary basis. The sector according to the Corporate Housing Providers Association (CHPA) had a revenue of 2.47 billion US Dollars in 2010 and is a segment that is growing very fast in the lodging industry.
Corporate houses can be found through online inquiries of rental agencies. Homeowners looking to place their properties for rent often advertise on major lodging websites. The price may vary tremendously and often is quite high but sometimes include utilities and other services. It also depends on the length of stay, the neighborhood, the type of accommodation and even local taxes in some areas.
The majority of corporate houses are found in town centers offering a more familiar surrounding to executives and eliminating the need for a long commute. When searching for a corporate house, it is much better to deal with rental agencies than private homeowners. They are more willing to provide temporary housing or leases while private owners are often reluctant of making short-term arrangements. Some agencies even provide information on local schools, parks, or vehicle registration.
Many agencies will also go the length of making the necessary inquiries for you if they do not have any houses available on their data base saving you lots of time. They will do all the search, negotiate the rate and deal with the paperwork. They have dedicated professionals who can find the perfect type of house for your need.
As an executive often there is a need to travel that may have you away for a considerable amount of time. Staying in a hotel room can be very inconvenient especially if you have to entertain guests or do some work during the evening. Businesses offer corporate housing accommodation to their employees in such cases so that they may feel comfortable during their short stay.