The number of landlords in the UK who let their properties as holiday lets has increased significantly in recent years, largely driven by the rise of platforms like Airbnb and the demand for short-term rentals.
According to data from property and holiday letting sources, as of 2023, there are around 148,000 holiday lets in the UK. This number includes properties specifically let out for short-term stays, such as holiday homes, cottages, and city apartments. The number of landlords involved can be slightly less, as some may own multiple properties.
This figure has been growing, particularly in popular tourist areas like Cornwall, the Lake District, and certain urban centers like London and Edinburgh. The trend reflects a shift by some landlords from traditional long-term rentals to the potentially more lucrative short-term holiday letting market.
We know of many householders in the Wimbledon area, for example, who leave their homes to players, officials and tennis fans for three weeks each summer when the Grand Slam tournament is taking place in SW19.
Holiday lets in the UK attract a diverse range of users. Here’s an overview of who typically uses them:
Holiday lets are popular across a broad spectrum of users due to the flexibility, privacy, and often unique experiences they offer compared to traditional hotel accommodations.
Private landlords who jump on the home-from-home bandwagon need to be aware that they must get their short-term guests to sign a holiday letting agreement. A Holiday Letting Agreement Forms part of a landlord’s raft of necessary paperwork. This is why Property Division is pleased to offer you a free agreement. Simply print off two copies, sign one and hand it to your tenants, then get your tenant or tenants to sign the other and hand that agreement to you.
However, ASTs do not cover agreements where tenants pay more than £100,000 in rent per year or when a limited company rents a residential property.
The latter often involves companies renting residential accommodation and letting the property to their employees, usually under a licence agreement (as opposed to a tenancy).
If you like a custom, completely personalised holiday let agreement, use the link below. It takes about 5 min to create, and you will end up with an agreement tailored to your specific property.
Alternatively, if you just want to download a generic holiday let tenancy agreement template, use the link below.
While the employee will usually pay rent and other costs to the landlord, ultimately the company is liable.
Note: The specifics of a Holiday Let Rental Agreement (or a holiday let contract) may vary depending on the jurisdiction and local laws. It’s important to have a clear understanding of all the terms and conditions before signing the agreement.
Download this free holiday let agreement template, by clicking on the banner above.
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