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Looking for long term housing rental, can only find short term lets.  Thanks

 

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How long? What areas?

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21 hours ago, magz said:

Looking for long term housing rental, can only find short term lets.  Thanks

 

Most Landlords want long-term Tenants. However, when handing over an asset worth that much, it's always wisest to start out with what's termed a "short-term let", i.e. a fixed term of 6 months, that then either gets renewed or, preferably, moves to SPT (rolling month-by-month). If the Landlord is running their property as a business this should usually mean long-term because no-one wants Tenant changeover. The risk can often come when Landlords start to let out their previous home because they have moved for work, or moved in with a new partner to try it out... then they might be back... or they might decide to sell up. There are legal limits (or restrictions) on the length of time an AST can run for... if it's over 3 years it needs to be drawn-up differently, so you're unlikely to find those for residential. What you can't really expect a Landlord to do is jump in with both feet with a person they know little about... too risky.

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On 12/02/2019 at 09:11, Hippogriff said:

Most Landlords want long-term Tenants. However, when handing over an asset worth that much, it's always wisest to start out with what's termed a "short-term let", i.e. a fixed term of 6 months, that then either gets renewed or, preferably, moves to SPT (rolling month-by-month). If the Landlord is running their property as a business this should usually mean long-term because no-one wants Tenant changeover. The risk can often come when Landlords start to let out their previous home because they have moved for work, or moved in with a new partner to try it out... then they might be back... or they might decide to sell up. There are legal limits (or restrictions) on the length of time an AST can run for**... if it's over 3 years it needs to be drawn-up differently, so you're unlikely to find those for residential. What you can't really expect a Landlord to do is jump in with both feet with a person they know little about... too risky.

** No, there aren't. Any letting under the Housing Act 1988, whether AST or SAT, can be for any length of time.

BUT:

a. if it's for > 3yrs., it has by law to be in writing (although you'd be daft to grant an entirely oral letting);

b. if it's for > 5yrs., it has to take the form of a Deed; and

c. if it's for > 7yrs., it must be registered at HMLR.

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