The benefit to you as a landlord
is the flexibility a short let allows:
The ability to capitalise
on the potential income from your property where it is a secondary
home and you are not requiring to reside in it for portions of
the year.
If you are planning a holiday, it allows you
to have an income while away.
Security in having your home occupied
while away.
In the event you are unsure of prospective
plans, by letting your property for a short period, it enables
you to formalise your future.
However, there are certain requirements you have
to meet as a landlord before your property can be short let:
The property must
be fully furnished and full equipped ie: all kitchenware, linen
and laundry.
By law you have to provide a Landlord’s
Gas Safety Certificate and Landlord’s Electrical Safety Certificate.
Both of these ensure that your utilities are in safe working order.
(TOWN OR VILLAGE is able to advise on local tradespersons)
You are required to verify that
all the soft furnishings in your property comply with the Regulations
for Fire and Safety.
There are some initial costs in setting
you property up for a short let.
Your property must be fully equipped,
for example with kitchenware, crockery, linen, laundry etc.
You will need to pay for an inventory prior
to letting. This gives both parties the security of establishing
any damages.(This cost may be offset by the rental).
You will need to pay for the cost
of a professional clean at the commencement of the let. This ensures
that the property is in good order at the commencement of the Tenancy
and assists with establishing if there are any damages.
These are all one-off costs which are subsequently
covered by the deposit paid by all incoming tenants.
You may incur some costs for the
utilities as they are not specifically covered by the tenant as
they are included in the rent..
? A further cost is the Agent’s
commission and tenancy agreement fee, both of which are one-off
costs at the commencement of each let.
Within the commission payable, TOWN
OR VILLAGE offers a total management service that incorporates:
Responsibility for
the every day running and maintenance associated with your property
during the rental period. TOWN OR VILLAGE will provide a 24hr emergency
phone service.
Checking the tenants in and ensuring that they
are provided with any assistance required during their stay..
Advising the tenants if there
are any additional requirements such as local transportation and
tourist information.
TOWN OR VILLAGE are happy to provide you with
an appraisal free of charge and any ongoing advice on setting up your
home for short term letting.
