Short let guide for landlords
Short let rentals can be more lucrative than longer term rentals. Landlords can benefit from a higher rental return and the flexibility of extending tenancy contracts on a weekly or monthly basis at your discretion. Short lets can also come with increased periods of vacancy, which is why it is recommended landlords also consider long term tenants.
Short lets may be appealing to a landlord who is less reliant on a consistent rental income, or has a property that is only empty for a short term – perhaps between longer term tenancies, or when they are away from their home for a given period.
Short let rentals typically, but not exclusively, attract the following types of tenant:
With London attracting businesses and workers from not only around the country, but around the world, the demand for short let property rentals is relatively high, which goes some way towards keeping the voids to a minimum.
Short lets are typically fully furnished and stocked with cutlery, glassware and crockery, so the tenant can move in with minimal fuss and little more than a suitcase of clothes. However, you can opt to rent the property part furnished.
The term of a short let rental is typically between a few weeks up to six months. Utility bills are usually included in the rent, which should be paid fully in advance. Because of this, short let tenants are not usually referenced.
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