A serviced accommodation owner recently bragged on Facebook about his place being booked for the next 18 months after just 2 weeks he opened the door to guests. It may be possible. But is he aware of the rules and the requirements towards the landlord?
If the guest stays 3 three months or longer, the serviced accommodation will be considered as his/her permanent home. And the landlord must conduct Right to Rent checks. Ignoring this duty or permitting a person to stay in the property without the Right to Rent will cost £5,000 to the landlord the first time of breach of the law is detected. More if the landlord is found permanently ignoring the legislation.
Apart from that, I have witnessed how a Guest house, Serviced Accommodation was eroded by a group of people who rented 3 rooms for months. They sadly haven’t been prime guests, their communication and standards freaked out many guests who weren`t returned after the long staying group left the guest house. Causing a drop in income to the owner. Since that, I have seen only the same quality guests.
My advice is that Rent your property to quality tenants. Don`t compromise.
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Useful information for landlords about the Right to rent checks
“You must conduct a right to rent check before you rent to a prospective tenant. This includes everyone over the age of 18, including British citizens, who will use the property as their only or main home, even if they are not named on the tenancy agreement.”