St. Louis Corporate Housing Corporate Housing 101 - A Quick Guide | Page 10

What are the Advantages and
Disadvantages of Corporate
Housing?
• Options. Corporate housing can come in the form of high-rises, condo, apartments,
private homes as well as many more. This makes budgeting much easier and you can
easily choose what you want for your money.
• Disadvantages
• Preference. In most cases, employees prefer using hotels to corporate
accommodation. They prefer eating out to cooking for themselves, except for
repeated and prolonged travel situations. Hotels are viewed as more convenient and
having more amenities.
• Housing issues. Corporate housing may stir up issues between employer and employee
such as loud music, damage to the apartment etc. This wouldn’t happen with hotels as
those situations are usually resolved with hotel management and do n’t include the
involvement of the employer.
• Termination dilemma. Who is entitled to possession of the unit when the contract
between employer and employee is terminated? The employee may have signed a
lease that suggests that the apartment belongs to them after they no longer have a
job, which could cause a problem for the company who wants to keep the space free
and available for new employees.
• Tax issues. For the corporate housing unit to avoid a hotel tax, property managers
should require either the employee or company to sign a 30-day lease.