Short-term let enquiries rise

Mortgage Introducer

June 23, 2015

Short-term lets, which are defined as lets lasting under 90 days, provide an effective alternative to hotels and a profitable option for landlords.

David Cox, managing director, Association of Residential Letting Agents, said: “Short-term lets can be hugely beneficial for both tenants and landlords; offering freedom and convenience for both parties.

“Landlords looking to let their property out short-term should follow our simple tips to ensure they’re following best practice.

“Being a landlord is a full time job, not a hobby – even short-term lets. So it’s worth working with a reputable ARLA Licensed agent, who can take the ‘job’ aspect out of it; allowing you to reap the rewards.”

ARLA told landlords to check mortgage or tenancy agreements to make sure they are permitted to rent out the homes.

It advised them to use a reputable agent to help with marketing, finding tenants and ensuring that legislation is met.

It said landlords should also make sure the property is in good condition and that safety checks are made before letting the home out.

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