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ALL CHANGE FOR SHORT TERM LETS!

Fri 29 May 2015

ALL CHANGE FOR SHORT TERM LETS!

Take a look at the government link below from Brandon Lewis confirming a change in law as a result of the Deregulation Act 2015.

https://www.gov.uk/government/news/boost-for-londoners-as-red-tape-slashed-on-short-term-lets

Before 26 May 2015, a lessee in London wishing to sublet their flat for 90 consecutive nights or fewer needed planning permission from their local council. Our experience of dealing with Royal Borough of Kensington & Chelsea and City of Westminster often showed planning permission was unlikely to be granted.

Good news then that the law has changed.  However, whilst this means more flexibility (and potentially more rental income) for landlords, it increases the risks of anti-social behaviour, damage to common parts, a high turnover of tenants and complaints to on-site staff and property managers!

Crucially, whilst planning permission for short term lets is no longer required, the terms of the individual leases still need to be adhered to. Therefore, if a lease for a property you manage restricts subletting in some way, you need to ensure you adhere to this and brief yourself accordingly on a property by property basis!

Follow @JPC_Law and @yashminmistry  on Twitter for further updates on this and other important legal updates

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