The UK has seen a dramatic rise in the number of short-term and holiday lets in inner cities and costal holiday spots over the last few years. This can be attributed to changes in taxation on traditional buy to let properties and where landlords are increasingly listing properties on online platforms such as Airbnb, Booking.com and Vrbo to take advantage of reduced taxation on properties that are run as serviced accommodation. As a result, many local authorities are considering introducing compulsory registration and licensing in order to restrict the number of properties being converted into short term lets, and ensuring that there is enough quality housing stock for the local residents whilst also only granting licenses to Short Term lets that meet the set standards.
Rocktime's award winning verso™ software is designed to enable local authorities to manage Short Term and Holiday letting licensing through approval processes and workflows, whilst allowing council officers to focus on prevention and enforcement; reducing repetitive cumbersome tasks. If you are considering a Short Term/Holiday Let scheme in your area, we would welcome the opportunity to have an informal chat with you to discuss how we can support you.