Information for landlords
Harness the potential of your assets to yield profitable outcomes
- Reliable Rental Income: Company lets often involve agreements with corporate entities or businesses. This results in more stable and consistent rental income, as companies typically sign longer leases and have the financial capacity to meet their rental obligations promptly.
- Reduced Void Periods: As companies tend to lease properties for extended periods, landlords can experience reduced void periods between tenancies. This minimizes the time the property remains vacant and ensures a steady stream of rental income.
- Lower Risk of Arrears: Corporate tenants are typically financially stable and have reliable cash flow, reducing the risk of rental arrears compared to individual tenants.
- Property Maintenance and Care: Companies, especially those in the serviced accommodation sector, often take care of property maintenance and repairs themselves. This can relieve landlords from the burden of managing day-to-day small maintenance tasks.
- Less Wear and Tear: Corporate tenants generally treat the property with greater care, as they aim to maintain their professional image. This can lead to less wear and tear on the property compared to individual tenants.
- Professional Cleaning Services: In certain cases, company lets may include regular cleaning services, ensuring the property is well-maintained throughout the tenancy.
- Easier Communication: Dealing with a single point of contact within the company can streamline communication for landlords, making it more efficient and reducing the chances of miscommunication.
- Long-Term Partnerships: Establishing positive relationships with corporate tenants could lead to long-term partnerships, resulting in multiple tenancies over time and a stable income source for landlords.
- Fewer Personal Possessions: Corporate tenants often have minimal personal belongings, leading to less clutter and potential damage to the property.
- Legal Compliance: Companies typically adhere to legal regulations and corporate policies, ensuring better compliance with tenancy rules and regulations.