The Benefits of a Short Let
A short let is a tenancy agreed over a shorter period of time by the Landlord and the Tenant and typically last anywhere from 4 weeks to 6 months, subject to any local authority restrictions. They are usually fully furnished and often include the utility bills.
What are the benefits of a short let to a landlord?
Short lets can earn Landlords more income than long term rentals as Tenants are often willing to pay a premium price for a short term Tenancy.
Rent paid in advance
There is extra security in knowing that the rent is paid in full for the term of the Tenancy before the agreement starts .
Unsure on your circumstances, or only want to let your property for a set period of time? Short lets will give you more flexibility. It is also an efficient way of ensuring your home isn’t vacant as well as bringing in rental income if you are going away for a certain period of time, such as travelling, between long term tenancies or if your property is vacant throughout sales marketing.
As a Landlord you will be responsible for paying the bills including the utilities, council tax and TV license, so you and the Tenant avoid the hassle of changing over account details (Telecommunications will be the responsibility of the Tenant). We also offer a fully managed short let service so you know the tenancy will be hassle free from start to finish. Our property managers will deal with day to day issues and can also arrange any emergency repairs that may come up.
What types of property are suitable for a short let?
All types of property are suitable; typically they are fully furnished (including bedding, towels, cutlery and crockery etc.). However there is also a need for unfurnished short lets depending on a Tenants situation.
What type of tenant would want to rent a short let?
Short lets are ideal for many high calibre Tenants:
- Corporate Applicants are the most common Tenants as Short lets are generally a more cost effective and a more comfortable option to staying in a hotel.
- Vendors who are moving home but for various reasons are delayed in moving into their new home, such as large refurbishment projects or insurance claims. Short lets are the perfect solution if they do not wish to commit to something longer term.