We are selling a property and even the estate agent suggested we have tenants in for the 4+ months it will take (being a leasehold it will certainly take time to receive all the necessary paperwork).
What would the best type of short term arrangement be? I understand that AST must have a minimal length of 6 months, so what’s the best contractual arrangement to rent it for say 2 or 3 months?
Don’t do it. Move someone in for 4 months, it could take you 14 months & £’s to get them out if they don’t leave when they should
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I agree with Karl. There are not really any short term letting options other than holiday lets through AirBnB or similar, but leasehold flats don’t usually allow that. The minimum tenancy length in practice is 6 months and if the tenant doesn’t leave at the end of it, it currently takes around a year to evict them.
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I agree wholeheartedly with Karl & David.
Together with the above you also need to consider the condition it may get returned in and whether your purchaser will reject it later due to misuse and/or abuse.
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I am in a similar situation. My property was put on the market in mid April and I have not had any offers on it yet.
Thankfully i have been Airbnb ing it and it has worked out very well. More than covered my costs and it means the flat is well presented for viewings. I have now reached the permitted 90 days that you are allowed to short term let in London with bookings up until end Aug, but i will likely now take it off ths market then. Not a good time to sell unless you want to discount heavily.
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