Should I let for 2 months?

Raymond_Douglas

I have a three-bedroomed property on the Norfolk coast which I will be occupying myself in a couple of months. Meanwhile I could let it out for two months, through the reputable agency that I've previously been letting it out through on year-long tenancies.

Should I do this, for the sake of the rent money, and of not leaving a property unoccupied? Or are there significant dangers?

Is it reasonable to expect a reduction in the one-off fee the agency charge for new contracts? If so, how much?

Thanks,
Raymond

BitterAndTwisted

You'd be mad to entertain a let for such a short period unless it was a holiday let.

Raymond_Douglas

Thanks, BitterandTwisted. Why would it be mad? Why would a holiday let be a better idea?


What do others think? Sane or mad?

teeni

it would be mad because although you can legally make a tenancy for only 2 months if the tenant doesnt leave you can not get a possession order for a further 4 months as a AST an not be terminated in less thn 6 months,

Raymond_Douglas

Thanks Teeni!

Are there many tenants who know this and take advantage of the legal weakness?

Is the legal situation quite different with holiday letting?

BitterAndTwisted

Yes, the legal situation is completely different with holiday lets.

And no, I would guess that very few tenants are aware of the "no eviction possible within six months" thing, but then who in their right mind would willingly go through all of the trouble and expense of taking on an AST for only two months? Not many I would say.

Raymond_Douglas

^ I'm afraid I still haven't quite got what's so mad about it. Even with all fees etc deducted, I would still make quite a bit more money than if the property were unoccupied. Plus an unoccupied property has its own risks and hassles.

The agency I'm with don't do holiday lets, so taking on holiday lets would involve taking on a new agency - more hassle and uncertainty.

PETIE

Try not to think of yourself as a Landlord, Letting out.

Think of the role reversed, would you rent a place for 2 months?

Raymond_Douglas

^I appreciate the point, but if the agency is willing to deal with it, have I got much to lose by asking them to advertise the property?

ellesbellesxxx

You have asked for an opinion and been given some excellent advice.


You are more likely to get people in for two months on a holiday let basis.

Raymond_Douglas

^Yes, I have asked for opinions and I certainly am appreciating the advice.

The disadvantage of holiday lets for me is that it is new territory, and it would have to be with a new agency.