Corporate Lets

Here at ‘Thames Rooms’ we endeavour to provide good quality and trouble free accommodation. We have discovered a growing demand for property to let to Corporate backed tenants, families and professionals in our area. From time to time we also let to thoroughly referenced non-corporate tenants.

For many companies buying a property and then using it to let out to their key employees is just too much hassle. So these companies are always in the market to rent property from private landlords for the use of their employees. It’s more flexible and meets the company’s short-term needs.

Each year around 92,000 executive expats arrive in Britain. Typically they stay for 3 years and they come with money to spend. The majority are French and German, followed by American, Dutch, Irish, Italian and Spanish ‘high flyers’. Engineers and IT professionals account for 1 in 10 and women make up 40% of the total.

People in the UK often need to change where they live during their working lives and for some a complete change of location is necessary. To help with making this change a positive one, we are able to provide a full range of assistance with the relocation process, tailor made to meet the requirements of each individual.

We are currently building our data base of both property and clients to meet these needs. We endeavour to make the process of renting or letting a property as straightforward as possible. We keep costs to a minimum. We do not charge for tenancy agreements or management visits. We respond quickly to problems and emergencies, and lend an understanding ear to any practical or translation problems. We service properties weekly.

Generally we look for properties that may be close to leisure facilities, hospitals and/or public transport links. We can provide accommodation for one employee or a whole department -available for long or short term let. The majority of companies will pay quarterly in advance which is obviously very good for cash flow. Generally, this market will be less price sensitive than normal lets – after all it is the company who is paying.

Carpets in bathrooms are completely out for this market and bathrooms must have a power shower. Broadband connectivity is a must as the average company exec never really switches off from his “information world”. Foreign expats in particular will look for large rooms and lots of storage space. Security must be good and the route to any local transport link safe and well lit. A quiet study area is always very much appreciated by working professionals. Obviously, we commission a very detailed inventory, especially as properties are fully furnished.

“First time buyers can’t pay deposits, owners who’ve sold can’t find a home to buy and overseas investors are expanding their portfolios. I can’t see this Bull Run ending any time soon” – quote from the Chairman of the Association of Residential Lettings Agents, March 2011.