Long-term Lets
Long-term lets refer to a fixed-term contract that is usually the standard for landlords who let a property. Many people choose long-term lets because they provide stability to both tenants and landlords.
For tenants, it can be very reassuring to know exactly how long their tenancy lasts. For landlords, long-term lets provide a stable income. long-term lets typically range anywhere from 6 months to a year or longer.
A guaranteed income is attractive for most landlords. It also helps those with buy-to-let mortgages accurately calculate their ROI as the total rent is guaranteed to provide income for the duration of the tenancy.
A long-term tenancy, for landlords, involves collecting payment from tenants usually on a monthly basis. This means that your tenants are responsible for covering their utility bills. If you are a landlord that lets multiple properties, long-term lets can help you to manage your properties effectively without worrying about settling bills for each individual let.
Long-term lets provide landlords with more time to focus on what’s important. Once an agreement has been made and contracts legally bound, all you have to do is collect rent payments when they are due. Most tenants will set up a Direct Debit so that the total amount due will leave their bank account automatically each month.
With help from Chesworths, it has never been easier to monitor payments and seek landlord advice. We can help to arrange long-term lets and tenancy agreements, taking a weight off your shoulders.
Long-term lets are usually best suited for those who:
Want to settle down in the Sussex area but don’t want to buy a property
Have moved to Sussex for school or permanent work
Want the security of a fixed rental term
Want the option to choose a fully furnished or unfurnished property
Have connections in the Horsham or wider Sussex area
Have faced a temporary job role becoming permanent
