Landlord Services

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Letting is an option which many landlords and homeowners do not always consider, but it is one which provides a useful source of income for some property owners. Short term lets are particularly popular with homeowners whose work involves them being out of the country for several months of the year. Rather than leave the place empty and risk burglary or insurance invalidation, a short let is arranged to put a tenant in the property for some or all of the vacant period.

Some people find it difficult to sell their property at the price they really want to achieve, yet need to move for one reason or another. Rather than accept a lower price than is sought, or leave an unsold property empty (which is not going to help the value at all), some people opt for a short let. 

Letting for a period of three months can cover the costs of keeping the property whilst your agent tries to sell it. It covers the cost of your mortgage and certainly helps the appearance of the property. You will still normally have to pay the council tax, as that is normally included in the rental price for the tenant. The rent also normally includes all other bills except the telephone , but you will have less security worries and a short let helps maintain your household insurance policy (assuming letting is permitted), as some policies only allow a certain period of vacancy before the policy lapses. 

Short term lets can provide a lucrative source of extra income as they can generate anything from 15 to 50 percent more than rental prices under an assured shorthold tenancy. For this reason, some landlords actually prefer to let short term, hoping to find a series of tenants for a property, doing their utmost to minimise empty periods. This strategy can work for some properties in some areas, but it is risky, as your property has a good chance of lying empty between lets. 

If yours is an expensive home, get a professional inventory done. Make sure it is thoroughly detailed. You can reuse it when you renew your household insurance cover, you sign a legally binding licence agreement that allows you to regain possession of your home should the tenant decide that they like it a bit much. Take a large deposit from the tenant to cover any damage. Tell your mortgage lender and household insurance provider what you are doing; there may be an extra premium involved.  

You now have responsibilities. Even with a short term let, you still have much the same obligations as a normal landlord, as regards fire safety, gas appliances and so on.

We understand the needs of corporate and professional landlords. We currently act for some of the UK largest property companies, banks and institutions and take a working partner approach. Our independence enables us to take a flexible approach and tailor our service to exacting client requirements. Our deep knowledge and many years of experience in this specialised sector enable us to provide the level of service expected