Andy Murray winning two titles in a day at Queen’s Club – the final warm-up for Wimbledon – has generated even more excitement among British fans as the final countdown for the grand slam tournament gets underway.
But with the action at the All England Club starting on 29 June, time is running out for owners of luxury properties in and around SW19 who wish to cash in on the demand for rental property from tennis fans.
Top-class accommodation is highly sought-after by both tennis stars and the many thousands of fans who descend on Wimbledon from all parts of the world. And they’re willing to pay a high premium for the chance to stay in an attractive home in or just a short distance from SW19 for the two weeks the tournament takes place.
But owners who rent out their properties for short periods need to be aware that they gain a higher level of legal protection if they use a holiday let agreement, rather than issuing an assured shorthold tenancy contract.
This is because holiday let agreements are specifically excluded from the Housing Act 1988, which means the tennis fans – or even Wimbledon stars – who take over your home for a short period have no security of tenure and must vacate your SW19 property at the end of the fixed term, or if found to be in breach of the terms of the holiday letting agreement.
Unlike an assured shorthold tenancy agreement, a holiday let contract makes it simple and quick to remove guests who refuse to leave or cause damage to your property.
The owners of luxury property in and around Wimbledon who take advantage of the demand for accommodation during Wimbledon fortnight should ensure that the holiday let agreements their short-term guests sign include the following details…
- The rent amount and how it is to be paid.
- The deposit amount being taken from the guests.
- The tenant or tenants’ obligation to keep the property in good condition.
- The landlord’s rights of access.
- The landlord’s obligation to insure the property.
- The inventory of the property.
- What happens at the end of the holiday rental period.
But please remember that holiday let agreements can only be used if you’re letting out a furnished property in England and Wales for up to three months a year.
If you’ve already signed an agreement for a short-term let, be it for your property in Wimbledon or a holiday home elsewhere, make sure you check that the correct terms and conditions are in place.
To prevent any problems further down the line, we suggest you consult a property law specialist for more information.
For information on letting or renting homes in the Wimbledon area for a longer period, contact Robert Holmes & Co