Guide to successfully renting your property on a short let basis
If you are considering letting your property for less than six months - whilst away on business, on holiday or between longer term tenancies - then our Corporate Lettings and International Relocation team can help. This department receives 10,000 enquiries every year and many of these are for short term accommodation in London.
The team, based in Mayfair, deals with enquiries from companies and individuals from around the world looking to relocate to London, making Dexters a market leader in high quality corporate lettings. This service has attracted companies who now deal with Dexters exclusively when relocating employees to London, meaning we can put your property in front of an unrivalled database of top quality tenants.
What are the benefits to a Landlord?
- High calibre of tenant
- Premium level of rent, always paid in full and in advance
- Maximise occupancy and income in between tenancies or whilst you're away from your home
- As managing agent, we will assign a property professional to take care of you, your property and the tenant, throughout the whole stay
What term of tenancy is considered a short term rental?
The demand for short term rental agreements ranges from four weeks to six months.
Who is likely to rent my London property on a short term basis?
- Relocation agents bringing international clients to London
- Companies looking to house senior executives on short term assignments
- Tenants looking for a temporary home whilst they await a completion date when purchasing a property or as they refurbish their own home
- Insurance companies looking for alternative accommodation whilst repair work is carried out
- TV and film companies during projects in London
Are there any differences to a longer term rental that should be considered?
Short lets are an attractive alternative to a hotel for corporate tenants, as they provide the comforts of a home away from home. As such properties are furnished to a high standard and typically include linen, towels, cutlery, crockery and electrical items. Bills are included in the rent, apart from telephone calls and broadband.
Prior to the tenancy starting we will carry out reference checks on the tenant, collect rent for the whole term in advance, as well as a security deposit.
Certain Local Authorities have restricted the number of days a property can be short let in a calendar year. Where this is the case, our local experts will guide you through this process from start to finish.
As with any rental you may require permissions to rent your property. For example, if the property is subject to a lease or mortgage.
If you would like more information on our short lets guide, please speak to our short lets professionals on 0207 590 9559.
A fully managed service
As part of our service we will meet every tenant as they move in, and regularly inspect the property throughout their stay. We have property management teams across London, so your dedicated property manager will always be within 15 minutes of your property. We also have a maintenance team who are mobile across the capital and able to react quickly to any requests from you or your tenant.
Under our comprehensive Fully Managed Short Term Rental Service we include the following within our commission rate of 26% (31.2% incl VAT):
|Short Term Fully Managed|
|Act as a liaison between you and your tenant||✔|
|Arrange repairs and maintenance||✔|
|Instruct approved contractors on your behalf||✔|
|Access to specially negotiated contractor pricing||✔|
|Pay contractors on your behalf||✔|
|24 hour emergency service for your tenants||✔|
|Transfer utilities at the start and end of tenancy||✔|
|Negotiate deposit release||✔|
|Dedicated Property Manager as your sole point of contact||✔|
|Ensure you comply with changing legislation||✔|
|Help to recover rent arrears||✔|
|Negotiate tenancy renewals||✔|
|Protect tenant deposit with an approved scheme||✔|
|Advertise property, carry out viewings||✔|
|Negotiate terms of tenancy and draw up contract||✔|
|Arrange for any pre tenancy work to be carried out||✔|
|Arrange the inventory, check in and check out||✔|
|Organise the GSC & EPC to be carried out pre tenancy||✔|
For a full list of our letting charges please view our Landlord fee structure