Short Lets

Short Lets are growing in demand and some landlords are opting to fulfil this need in the market. We offer both short- and long-term letting options.

What is a Short Let and why do tenants need them?

We define a Short Let as a tenancy that lasts less than 180 days, the need for which is increasing among tenants who need short-term accommodation.

We work with tenants relocating to Guildford and the surrounding villages; some of whom have employer support. We also help, what we call “circumstantial” renters, defined as those between house purchases or renovating their current home, for example. For some renters, a short let provides a more attractive solution. Short lets are a great alternative to an AirBnb, hotel or an unnecessarily long lettings contract.

Nick Charnock

Nick Charnock

Managing Director

I've rented out my property through Howard Morley for the last 10 years. A very professional team who have always provided good advice and worked hard to find suitable tenants. Highly recommended.

J K

The Pros & Cons for Landlords Choosing Short Lets

Pros

Increased Income – as a rule of thumb, a short let will command up to 40% more in rent, compared with a long let

More Flexibility – as the market or seasons change, so can the anticipated yield, meaning returns can be maximised throughout the year. Some landlords also prefer the short-term commitment in case their own position changes

Cons

Higher costs – Short lets should be inclusive of all utilities, and all furnishings, including linen. There are other associated costs of changing the tenant more regularly, and an increased possibility of more wear and tear

Less Stability – there is more uncertainty with a short let and the potential for void periods is increased

We would like to thank Howard Morley and sons and particularly Liz Gamlen the Lettings Director for her professionalism, hard work and commitment which has produced the result we wanted.

Al Timms

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