Short-Let Sh*t Show
Wednesday 28th February 2024
Are leaseholders in your building jeopardising you and your property by short letting their flats?
Seven reasons not to short let your property:
2. Since October 1st 2023 if a house, flat or even a room are let on a short-term basis, the property must fully comply with enhanced fire and safety regulations. For example, 30-minute fire doors and hard-wired smoke detectors in every room are mandatory.
3. Insurance companies cannot offer policies on buildings where properties are short let in breach of planning. If they discover during a claim that it has been happening, they can legitimately refuse to pay out.
4. Most leases on flats prohibit short letting - full stop.
5. Mortgage companies require all rules to be followed and can ‘call in’ a loan where building rules and laws are being broken.
6. General nuisance to neighbours.
7. Wild parties and prostitutes.
London Authorities utterly fail to enforce the 90-day rule and in practice, make it difficult for neighbours and others to push for enforcement.
If you are short-letting your property and on reading the above, realise you ought not to be, do get in touch for a confidential conversation about how you can still get the best out of your property whilst complying with the law.
Alternatively if you are a leaseholder in a building with another who persists in breaching the laws of the land, call me for some tips on how best to deal with it.
Until next time….
PB
Share this article
k L E D