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Eric Pickles MP has announced an end to the rules that prevented the short term letting of private homes. This comes as excellent news to property owners who are now legally allowed to rent out their property to London visitors on a short-to-medium term basis.
One great option for these short-to-medium term lets is FlatClub, a London-based startup that specializes in such stays. Bookings made on FlatClub average about 30 days, which is significantly more days (and therefore more money) than their nearest competitors. These longer bookings are also easier to manage than multiple ‘weekend’ bookings. One of the most unique features of FlatClub is their groundbreaking LiveDemand service. With this service hosts on FlatClub are able to browse live requests from prospective guests and make relevant offers.
With LiveDemand hosts can put themselves in the driver’s seat for making bookings. Instead of waiting for guests to find their properties, they can make offers directly to those who are looking. It’s absolutely free for hosts to post their property on FlatClub, and their account management team is eager to help you get listed - all for free. FlatClub also provides insurance for their private hosts in partnership with Lloyd’s of London for up to £500,000 worth of damages. All private hosts are automatically covered by this insurance.
FlatClub works in partnerships with top universities & businesses across the world to place high quality, responsible guests into their perfect accommodation in London.
These are visitors to the city who are here on short courses, internships, and sometimes for leisure. With over 5 million guests visiting London annually, working with FlatClub gives property managers & landlords the keys to increase revenue and better manage availability.
Landlords should always check the sub-letting terms of their individual lease and seek independent legal advice as appropriate for their particular situation.