Finding Corporate Tenants
A corporate tenancy refers to when an individual has relocated to a specific area for work, therefore their rent is paid for by the company that employs them. This ultimately means that the company is the tenant and the employee the occupier.
At Chesworths, we work with relocation companies and agents to source corporate tenants from both the local area and abroad.
Corporate tenants are often highly desired by landlords because the occupier is likely to work longer hours away from home, therefore, reducing any damage to the property. There is also the guarantee of rent especially if the corporate tenant is a large company.
It is, however, very important to distinguish the difference between a company/corporate let and renting to a working professional. The latter would typically constitute an Assured Shorthold Tenancy.
In our experience working with corporate tenants, they tend to provide financial stability and take care of their property due to the fact they are representing their company.
What do corporate tenants look for?
When it comes to corporate tenancies, employers usually want the best for their employees. This means that there is often a list of essential things companies look for such as:
Location
The company and employees may not want to be placed in a busy area with booming nightlife, so it is important their requirements are met.
Amenities
One of the most desired things for corporate tenants is reliable and speedy internet access. Lots of clients will also look for CCTV and video-based entry systems for extra security.
High-quality property
Most employees will not have the time to log regular maintenance issues. Therefore, it is important to check that your property is fitted to the highest standard i.e., good water pressure and working appliances.
If you would like to discuss how to secure corporate tenants for your property in Horsham, call the Chesworths team today. We’re here to help.
