Build to Rent (BTR) developments are growing in popularity across the UK. These new developments are purpose-built for renting, rather for selling. The properties and rental agreements typically offer benefits and features the traditional rental sector doesn’t provide. From luxury fittings, communal social and work space and health clubs, to concierge services and on-site management teams, build to rent developments offer comprehensive and flexible packages to tenants. But is build to rent a short or long-term option? Read on to learn about the flexible tenancies and specialist developments for short, medium and long-term build to rent lettings.
Short-term Build to Rent lettings
There are a variety of build to rent developments that cater specifically for short-term lettings. You might choose a short-term letting if you know your stay in a particular area is temporary. They’re also ideal if you’re between longer-term rentals and looking for somewhere to stay in the short term.
Short-term lettings provide you with the ultimate level of flexibility and agility, so you can be ready to move on when the time is right. Developments that have been specifically designs as short-term letting options tend to offer a slightly different service to longer-term developments.
Privacy and personal space is to the fore, whereas longer-term developments may have more communal spaces. Unlike hotels, short-term build to rent developments are designed to feel like a home. They do though, tend to offer numerous hotel-like features, including gyms, lounges and concierge services.
Medium-term lettings
Medium-term build to rent lettings tend to cover rental periods of between six and 12 months. These developments can be ideal if you’re staying in a city or area on a temporary basis for work or studying. They could also be ideal if you require temporary accommodation while your home undergoes improvements.
As with short-term lettings, medium-term lettings come with all the benefits that build to rent tenancies offer. These may include high-quality accommodation, on-site management and communal facilities for exclusive use by residents. Medium-term lettings may also be available at a lower weekly or monthly cost than short-term lettings. This is largely owing to the longer length of the tenancy agreement.
Long-term Build to Rent tenancies
Tenancies of a year or more fall into the category of long-term lets. Long-term lets provide a more stable home for tenants.
However, owing to the length of the rental agreement, they do sacrifice some of the flexibility associated with build to rent. Some build to rent providers offer rental agreements of up to five years. As such, they can be a viable option for a permanent home that you can really get settled in.
Long-term build to rent tenancies could be ideal for anyone who loves the vibrancy of city living. They may suit people with busy work lives, looking for a convenient city centre locations and additional services and facilities.
Additionally, there are a growing number of build to rent housing developments in the UK. They’re often located in less central locations, but still within easy reach of city centres. These can be ideal for families looking for a reliable, flexible rental option, with access to cities for work or leisure.
HomeViews provides verified resident reviews of the UK’s housing developments. We’re working with developers, house builders, operators, housing associations and the Government to recognise high performers and help improve standards in the built environment.
