Corporate Let Properties

Corporate lets deliver 20-50% rental premiums over standard ASTs while providing tenants who pay reliably, treat properties well, and rarely cause management headaches. The tenant is typically a company -- a law firm relocating a partner, an engineering firm housing a project team, an NHS trust placing a locum doctor, or a global business placing a transferee. The company signs the tenancy agreement, pays the rent directly, and holds responsibility for the employee's behaviour. The income model is straightforward. A well-presented 2-bedroom apartment in a city centre that achieves £1,400 PCM as a standard AST might let for £1,800 to £2,000 PCM on a corporate let arrangement. The premium exists because companies value certainty of supply, professional standard furnishings, and a single point of contact for all tenancy matters. They are paying a premium for convenience and reliability, not just square footage. Property profile matters significantly. Corporate tenants expect fully furnished properties with fast broadband (minimum 100Mbps symmetric where possible), a dedicated workspace within the apartment, a car parking space or permit, and proximity to the city centre or major employer site. A cramped terrace 4 miles from the commercial district will not attract corporate interest regardless of how it is dressed. Focus on apartments and houses within 10-15 minutes walk of major employment clusters, hospitals, or business parks. The tenancy structure for corporate lets can vary. Some companies take out a company let agreement directly. Others prefer assured shorthold tenancy agreements in the employee's name with a corporate guarantor clause. In either case, you want the company's financial strength backing the tenancy obligation -- always request company accounts or credit check the business entity, not just the individual. Sourcing corporate lets requires a different approach to standard tenanting. Relocation agents (Knight Frank Residential, Hamptons International, and specialist relocation firms) act as intermediaries between employers and landlords. Registering your property with relocation agents is the most efficient route to corporate demand. Direct approaches to HR departments of large local employers and NHS trusts also generate leads, particularly for longer-term placements. Void management is the main risk. Corporate lets are typically 6-12 month placements -- when the project ends or the employee moves, you need a quick re-let. Maintaining relationships with relocation agents and HR contacts provides the pipeline to minimise void gaps.