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Short let 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 that landlords also consider long term tenants.
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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.
1
Corporate rental
Some companies will look to put their staff into temporary accommodation if they are working away from home for a short, definite term.
2
Professionals
An individual or couple may decide to find themselves temporary accommodation while they are working away from home.
3
Travellers
Some tourists may prefer the home from home feel of a rental more to a hotel.
4
Home owners
If a homeowner is having substantial building work carried out at home, they may decide to temporarily move out or they may have to move out as a result of an insurance claim for flooding, fire or subsidence.
London attracts businesses and workers from around the world, making the demand for short let property rentals relatively high, leading to fewer voids.
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Short lets are usually fully furnished, including cutlery, glassware, and crockery, which means tenants can move in with minimal fuss and only a suitcase of clothes. However, you can choose to rent the property partially furnished.
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Short let rentals usually last for a few weeks up to six months, and utility bills are usually included in the rent, which should be paid fully in advance. As a result, short let tenants are generally not referenced.