Fixed vs. Flexible terms
Cozy has two lease options - Fixed vs. Flexible (choose the one that best suits you):
Fixed Term
Fixed term leases are the least expensive, least flexible offering.
This requires a 3 month (90-day) minimum stay and an exact move-out date date given at the time of the booking.
Fixed Term makes sense when:
Flexible Term (Month-to-month) (+$50/mo)
Flexible term (also known as “month-to-month”) leases are our most flexible offerings.
These allow the tenant to stay as long as they would like and leave anytime with 1 month (30 days) notice.
The minimum stay is only 1 month compared to the 3 months in Fixed Term.
Flexible Term makes sense when:
Fixed Term
Fixed term leases are the least expensive, least flexible offering.
This requires a 3 month (90-day) minimum stay and an exact move-out date date given at the time of the booking.
Fixed Term makes sense when:
- You know exactly how long you’d like to stay
- You are staying 3 months or more
- You are comfortable committing to a specific time
- You do not need a guarantee to extend if you decide to stay longer
Flexible Term (Month-to-month) (+$50/mo)
Flexible term (also known as “month-to-month”) leases are our most flexible offerings.
These allow the tenant to stay as long as they would like and leave anytime with 1 month (30 days) notice.
The minimum stay is only 1 month compared to the 3 months in Fixed Term.
Flexible Term makes sense when:
- You do not know exactly how long you would like to stay
- You might stay less than 3 months
- You want a guaranteed option to stay until you give notice and decide to leave
Choose the stay term that best suits you.
Value |
Fixed Term |
Flexible Term (Month-to-Month) |
Move-out Notice |
Exact date of move-out must be given at time of lease signing |
Leave any time you'd like with 30 days notice. No notice is needed at time of signing |
Lease Extension |
Option to renew is offered until another booking is made after your fixed term |
Lease is automatically extended each month until notice is given |
Room Switches |
Permitted to switch to any other Cozy listing at end of term only |
Permitted to switch to any other Cozy listing with 1 month notice |
Additional Cost |
No extra cost |
Additional $50 / month |
Breaking Lease |
Locked into full term. Will be responsible for staying the announced period, otherwise the deposit will be lost |
Leave any time with 30 days notice |
Minimum Stay Requirement |
3 months (90 days) minimum stay |
1 month (30 days) minimum stay |
Term Requirements |
Move-out dates must be the last day of the month |
Move-out dates can be any specific date you like as long as 30 days notice is given |
Switching Lease Terms |
As long as the rental is still available, you are welcome to switch from fixed term to month-to-month at the end of the full fixed term lease |
Switching to fixed term is available any time with 30 days notice. Once on fixed term, you will not be charged the additional $10 per month fee |
