What is a Short Let?
A Short Let is a tenancy from a few days to a few months(subject to local authority restrictions).
One can let any type of property from a studio to a ten bedroom house.
Short Lets are an option in between serviced apartments or renting a property for a longer minimum period. All utility bills are included within the rent(excluding telecommunication services) however rents exceed the standard rent on a "longer" agreement as the landlord will command a premium for this.
Landlords tend to include towels, linen, crockery and appliances and therefore the tenant just needs consumables.
If you are unaware of your plans or unsure whether you wish to sell your property and only wish to rent for a short period of time, this gives you a great income stream whilst allowing you immense flexibility. Perhaps you are going abroad for a few months for business or pleasure and dont want to leave your property vacant.
You can also bring in a rental income during a void period or whilst you are waiting for a longer term tenant to take occupation.
If you are on holiday for a short period or working on a project or an exhibition and would rather live in an apartment than a hotel, maybe you are attending a large social or sporting event for a couple of weeks and would prefer the privacy of your own front door with your personal environment behind it.
This option will offer you flexibility and a Short Let is for you!
We currently work with many large companies whom use Short Lets as a more cost effective solution to hotels to place many of their contractors or employees. We also utilise Short lets whilst dealing with many exhibitors and customers at the ExCel Centre and due to the Olympic Park venue and the likes of West Ham Football Club on our doorstep, many companies and spectators look at this route for their housing needs for a short period. We also hold a contract with a large insurance company in order to minimise disruption to their clients whilst important works are carried out to their homes and their rental costs are covered.