Hi,
I am currently advertising 2 block of residential properties and have been approached by a service company. They are looking to rent the properties from me and they then rent them out as serviced apartments on shorter terms. I understand that i should not be using an AST as letting to a company falls outside the Housing Act but i do not know if it is sufficent to use a company let. I wonder as the nature of their business is letting if i need to use a commercial lease. Any advise welcome. Thanks
I am currently advertising 2 block of residential properties and have been approached by a service company. They are looking to rent the properties from me and they then rent them out as serviced apartments on shorter terms. I understand that i should not be using an AST as letting to a company falls outside the Housing Act but i do not know if it is sufficent to use a company let. I wonder as the nature of their business is letting if i need to use a commercial lease. Any advise welcome. Thanks