Landlords resist temptation of short-term Olympic lets

Tenants too are sitting tight, keen to renew contracts ahead of the Olympic Games this summer, amid concern over a shortage of accommodation during the Games and a possible hike in prices.

Lynn Hilton, partner for residential lettings, said: "There is some nervousness in the market from both landlords and tenants, with both parties keen to make compromises in order to renew contracts and avoid returning to the market.

"It is still unclear the extent to which landlords will benefit from high value, short-term lets over the Olympic period, but at the moment those who have good quality tenants in place are looking at the bigger picture and focusing on securing ongoing Shorthold Tenancy Agreements, thus reducing the risk of void periods."

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