Worried you can no longer earn an income from your Edinburgh holiday rental due to new short-term let licensing laws? We can help! Long-term letting could be the answer.
The Scottish Government passed legislation in 2022 requiring local authorities to introduce licensing schemes for short-term letting and many Edinburgh landlords found their properties didn’t comply with Edinburgh Council’s rules.
Properties with shared entrances and halls were deemed unsuitable as holiday lets to curb noise and anti-social behaviour for residents. Only those where all residents agree to short-term use can be granted licences, leaving hundreds of landlords without an income.
However, Edinburgh continues to experience a significant shortage of rental properties – demand consistently exceeds supply, and homes are often snapped up before even being advertised. Switching to long-term letting offers many advantages, despite not being as potentially lucrative as short-term letting:
• No gaps between lets
• No busy calendar to manage
• Less cleaning and renovating between tenants
• Tenants who want to make your property their home and take care of it
• Regular, reliable income
If you’re looking for tenants for your Edinburgh property, talk to us.
