Shortlet, also known as short-term rental, has been gaining popularity in the Nigerian real estate business in recent years.
A short let refers to the rental of a property for a short period of time, usually ranging from a few days to a few months. This type of rental arrangement is becoming an attractive option for both landlords and tenants in Nigeria.
For landlords, short lets provide an opportunity to earn higher rental yields compared to traditional long-term rentals.