Short-Lets for Tenants

 

What is a short term let?
A short let is a property which can be let generally for more than 90 days to a maximum of six months (less one day). It is possible to rent any type of property from a studio to a large family home.
Renting a property for a short term would offer a more private alternative to a hotel or serviced apartment.

 

Who takes properties on short lets?
A significant number of large companies use short-lets as a more cost effective and convenient solution to hotels or serviced apartments. Insurance Companies often use short term lets to house clients whilst repairs are being carried out.
Other users include property owners who are having work done on their homes, businessman working in London on short term contracts and those on holiday in the UK who want a self contained apartment they can call ‘home’ for a while.

 

How much should I expect to pay?
It is very dependent on the type of property being offered, whether it is fully furnished and how long you are looking to rent it for.
You should budget for paying anything from 50% to 100% above the norm, but it should still be significantly less than staying in a hotel or serviced apartment.

 

When should I start looking for a short-let to rent?
The London rental market moves at a fast pace. We would recommend allowing yourself at least six weeks to find an appropriate property.

 

What is the procedure for taking a property on a short-term let?
Firstly, you will need to be referenced through a reputable tenant referencing agency. If references are approved, you will need to pay the following:

 

What is included in a short term let?
As with long term lets, properties can be unfurnished with just an equipped kitchen provided up to being fully furnished including linen, cutlery, crockery, TV’s, etc. This is very much dependent on the reason the landlord is letting the property in the first place.
However, it is normal for prices quoted to be inclusive of all utility bills (electric, gas, water), television license and council tax.
The landlord may have a telephone/internet line installed, but you would be responsible for having these connected and any usage costs.
If you are letting for less than two months, it is recommended you use a mobile solution as it may take several weeks for any phone/internet lines to be connected.

 

What happens to my deposit?
Your deposit will be held by us in a separate clients account maintained by us. The landlord will not have access to these monies.
The property will be inspected at the end of the tenancy, and your deposit returned if you have met all your contractual obligations.

 

Will there be parking available?
If a garage or off-street parking space is included in the let you will be able to park a car, but you will not otherwise be able to obtain a parking permit.

 

Anything else I need to know?
We would be more than happy to discuss your specific requirements and answer any other questions you may have. Please feel free to contact our office - we would be delighted to hear from you.