I was kind in the same situation last year, its very hard to find a apartment that will give you a short short term lease and the hotels are way too expensive for my budget.
1) There is no lease. However, there is a day price and a month price, obviously the monthly price is cheaper than the daily price.
2) Room availability never was a problem for me. I was in and out of Beijing before and during the Olympics quite a bit and always found a room there. I did not call beforehand or anything.
PROS.
- No annoying landlord, they have a pretty friendly staff and a member of the staff is always in the building 24/7.They pretty much leave you alone.
- In a good part of Beijing, its close to Tian Tan, 天坛, and Tiananmen Square. Its less 100 feet away from New Century Mall (新世纪). There are plenty of ATMs, restaurants, and even a movie theater inside. I remember there is a 7-11, McDonald's, Starbucks, and Haggen Das all within 300 feet. I use to go to the Starbucks a lot because they have an incredibly fast internet.
- You easily walk to Tong Ren Hospital (同仁医院). I got really sick once and that was pretty convenient.
- All the taxi drivers know where New Century Mall (新世界商场) is and you can easily walk to the apartment in less than 3 minutes. And the ChongWenMen subway station is also very very close. (崇文门)
FOR ME, the biggest pro is there is a place to buy train tickets within walking distance from there, made life 10x easier.
CONS
- The internet is a bit slow.
- The actual building is a bit hard to find because its attached to an apartment complex, but just call them and they will meet at a store nearby. Its a 6 story building. Its connected to an apartment complex called 都市馨园.
- Its away from Hong Hai and SanLitTun, where all the bars and clubs are.
The apartment is one of the buildings in the background.
Panoramio - Photo of Li Lianying's Former Residence [?????], East Xinglong Steet, Chongwen District, Beijing (Qing Dynasty, 1636~1911)
The General Area (Picture bit dated)
Panoramio - Photo of chong wen men
Let me know if you have any questions and I be happy to help you out!