Of course, it’s always better to have someone in a house than to leave it empty if you are going to be away for a while, so the short-let option certainly has some advantages. And you can make some money from the property in your absence.
If you need to let your property on a temporary basis (less than 6 months) there are certain things that you will need to take into consideration. Here are our top tips for short term lets:
- You will need to check that there’s nothing in the terms of your lease (if you’re thinking of sub-letting) and also that you’ve made all of the appropriate arrangements with mortgage providers and insurance companies.
- It’s also a good idea to check with your local authority about the validity of a short let because some of them won’t allow lets that are less than six months in duration.
- As with long term lets, you will have to make sure that all of the furniture in the property complies with the relevant safety legislation, and that all the vital safety checks are carried out before you make the property available for a short let. This is your legal responsibility.
- You’ll also be expected to offer the property fully furnished, and this includes everyday items such as cutlery, towels and bed linen. If you’re not happy with a stranger using your personal items, you could always put those into storage and buy inexpensive replacements.
- It’s a good idea to put any personal, treasured items in storage or leave them with someone to look after, too.
- The responsibility for the household utility bills will remain with you, as a landlord, if you let your property out on a short-let basis. You’ll need to make sure that arrangements are in place to carry on paying those bills. Obviously, you can account for this in the rent that you charge, and they will in effect be paying the bill even if it remains in your name.
- A short let can turn out to be a profitable option, as you may be able to charge a higher rent than you would if you were letting a property out long term.
How KeyRing Lettings can help you as a short-term landlord.
- We are experienced in dealing with short let arrangements and can help you if you don’t feel confident in going it alone. This would be especially helpful if you’re going away for a while and might not be available to carry out maintenance or checks on the property.
- We will keep an eye on the bills to ensure you don’t receive any unwanted surprises on your return.
- We will carry out all checks on prospective tenants (depending on which service you choose) and will make sure that they are aware of the duration of the tenancy in advance, saving you from returning to an already occupied property at the end of the term.
To find out more about how we can help you manage your property call 01749 681356