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Post No. 255
by Your Freelance e-Property Letting Agency
How to set up a longer term tenancy and to avoid back-to-back rentals over years
Generally, we get used to have both landlords/ladies and tenants agreeing a tenancy (an assured shorthold one) for six or twelve months with the possibility to renew it if both contractual parties agree the extension or rolling terms. Yet, there is another possibility whereby the two parties can agree from the onset or in the course of their tenancy to a longer term tenancy period for at least 2 years but less than 7 years.
~ Pros and cons about a longer term tenancy
There are pros and cons about a longer term tenancy. The pros are, it provides a stable income and savings in terms of effort and time for landlords/ladies. The cons are there could be a lack of flexibility, legal obligations to perform and low rent. These pros and cons can provide the reasons for landlords/ladies and renters to consider or not to consider a longer term tenancy.
~ Reasons for a longer term tenancy
For other reasons than just the above mentioned pros and cons, both landlords/ladies and renters may or may not want to take the option of longer term tenancy business model.
During this post-pandemic time, we have registered enquiries from home seekers who are looking for a stable and long term rental. We also have interests from landlords/ladies who are searching for a long term security of the letting in the form of longer term tenancy to avoid void periods (like the one some of them experienced during the coronavirus lockdown).
~ Dealing with changing needs of both landlords/ladies and renters
Despite this long term move, there are still landlords/ladies and home seekers who are hesitant to take the long term tenancy option. In order to deal with the situation whereby they are willing to adopt the option but are hesitant, we will be working with them on this matter.
~ Working with both parties on a longer term tenancy matter
Our work with them will be about finding ways of securing a longer term tenancy while making it attractive for both parties in matching needs between them over the agreeable period.
~ ~ Working with landlords/ladies on a longer term tenancy matter
Through this week’s work, landlords/ladies will have an opportunity to find out ways of accommodating longer term tenants’ needs, the kinds of comfort they may need to provide to attract them, the approach to tenants’ sensible requests, and of avoiding back-to-back rentals over years.
~ ~ Working with tenants on a longer term tenancy matter
On their part, tenants signing for a longer term tenancy will be able to plan the future. They can plan spaces and organise better themselves in their new homes as they have more time to live there. This enables them as well to avoid back-to-back rentals over years. They can better learn how to enter and maintain a longer term tenancy.
~ Extra help and support
This week activity will goes further in providing and sharing resources (online and in print) with both landlords/ladies and home seekers in terms of advantages and disadvantages in embracing the longer term tenancy business model. This will help them to make an informed decision and choice.
~ Contemplating to enter a longer term tenancy
If you are a landlord/lady or a tenant contemplating to enter a longer term tenancy and have no clues, Home Relief can work with you to set up this kind of tenancy and explain the terms and implications of entering such a contract.
~ Need a longer term tenancy period
Need a longer term tenancy period, please do not hesitate to work with Home Relief.
~ Looking for an affordable location and home
If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.
For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/
For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord
For properties to rent and let, please go to https://homerelief.co/property-search/
For weekly property news and updates, please read our weekly posts.
Thank you for reading this post.
We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.
Home Relief – Freelance e-property people dealing with affordable homes