Built to Rent has become increasingly popular and something more and more people are thinking about, but what is it? Built to Rent refers exclusively to properties that are designed to appeal solely to the rental market and to those seeking short-term home ownership – they are properties that are purposely-built for renters.
Designed specifically for renting communities, these developments are built to suit prospective renter’s lifestyles. Each development must include at least 50 homes, and must be owned and managed by one landlord with dedicated on-site management. They go one step further than fantastic apartments, they have been developed into mini communities with superb features and communal areas, including gyms, lounges, cinemas, games rooms, dining spaces, and so much more!
Other than the excellent facilities that Built to Rent developments have to offer, there are also many other benefits for the renters that are choosing this route. Built to Rent offers longer tenancy options of over three years and there are no upfront fees involved, other than deposits and rents in advance. The main benefit is having one landlord responsible for managing and operating the whole development, this makes is easier for tenants to get in touch with the landlord and any issues can be resolved quickly.
Here at Hamptons we are respected for being the UK’s most experienced and effective agency-specialist in Built to Rent, we work closely with operators to assist with site acquisition, pricing, launch, lease-up and stabilisation of schemes of all sizes across London, the South East and UK-wide. Take a look at some of our wonderful Built to Rent schemes that are currently available for rental: