Company Let

Renting Residential Accommodation As A Company

A company is in a sense a ‘person’.  It has a legal identity and is capable of owning a business, hiring staff, and owning and renting property.

Property can be rented by a company as a ‘residential tenancy’.  Of course, a company cannot live in the property itself.  It does not have a body or exist in a corporeal form.  When a company has a residential tenancy, it lives in it through its directors and employees.

When a company rents residential accommodation for its own staff or directors this is known as a ‘company let’.  Note, however, that if property is rented for the purpose of subletting to customers, this will be a commercial tenancy and not a residential one.

Considering residential tenancies, there are significant differences between lets to people and lets to companies.  Let us take a look at them.

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