Short lets

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A short let is when a property is let out to an individual or a company for a short period of time from a few weeks to a few months. This is often an attractive option for multinational corporations seeking to move key personnel into the area for a short period of time, which offers the individual a private home environment for their stay in London without the need for a hotel stay.

For landlords this opens up the opportunity to offer their property on a short let basis, whilst retaining the flexibility a long term rental does not offer.

Last year, the London 2012 Olympics sent demand for short term accommodation in the capital higher than ever before. Although the Olympics is now long gone, demand for short term accomodation remains extremely high.

Aston Rowe is well positioned to assist in this area, with links to many large multinational organisations, relocation companies and insurance companies that are prepared to pay a premium rent for your property for a shorter period of time that the average Assured Shorthold Tenancy, which has a minimum 6 month period.

Here are some frequently asked questions that may help, or contact us here for further information.

What are the benefits of a Short term let?

Letting on a short term basis allows a landlord flexibility if you are seeking to only rent your property for a short period of time, or to produce a rental income during a period when the property may be vacant such as if you are going away or even when the property is on the market for sale. It also ensures your property is secure during void periods as the property is occupied.

Aston Rowe deal with many blue chip corporations and businesses who enjoy the flexibility of short lets and often will pay a significant premium of sometimes up to 25- 50% higher than the market value in some instances for the right property.

What do i have to provide the tenant?

When letting your property on a short term basis, it is often necessary to offer a full range of appliances and household items to your tenant as often they will arrive with little more than a suitcase. In most instances the property will be offered furnished and items such as crockery, towels, linen and electrical goods are provided for their enjoyment.

Aston Rowe have extensive links with bespoke furniture providers should you need any ancillary items for a short let.

Who is responsible for the bills?

Generally during a short let tenancy, the bills are the responsibilty of the landlord, as the tenant will have paid a premium rental price to cover all costs and this is to include all bills and council tax.

If you wish to know how much your property would achieve on the short let market or you wish to receive rental income during a short vacant period then please contact us here for a valuation.

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