Changes to renting laws in London are opening up new opportunities for property owners. The biggest change now allows people to let properties on a short term basis, freeing them to share their homes for up to 90 days per year without having to even register that they are doing so. This is particularly good news at a time when services like AirBnB are growing in popularity and offering tourists an alternative to hotels, hostels and other accommodation.
The new rules replace outdated ones that prevented home owners in London from renting their properties for short terms. It brings the market into the 21st Century and means that it is better equipped to meet the needs of visitors.
The result of short term lets now being allowed is that there are a wide range of new and unusual properties on offer for visitors to enjoy. One of these is a canal boat docked in Little Venice, a fantastic central London location. The boat has sleeping room for up to six people and has its own private garden on the land. There is even a hot tub onboard for guests to relax in.
If you want to sleep on solid ground instead, there are plenty of fantastic options to choose from. A loft above a converted Victorian school a short distance from Clapham Common could be exactly what you are looking for. The property has four bedrooms and can accommodate up to eight people. There are two bathrooms, a fully equipped kitchen and private parking too.
One really special option is to stay in the Clock Tower above St. Pancras station. The master suite has a double bedroom with en-suite bathroom, and guests have access to a shared kitchen area and extensive library too. The location couldn’t be better and you’ll have the chance to stay in a beautiful property with a fantastic history. The views are also pretty spectacular too.
Property owners can make extra income by taking advantage of short term lets. Landlords can take advantage of this and take in temporary tenants in between longer term tenancies if they wish. It is yet another attractive proposition for home owners and investors. If you need a lettings agent in Kingston Upon Thames who can assist you with any aspect of the lettings process, we’re here to help, covering the whole of London with our comprehensive services.