Students offered subletting option by high-street store

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Students who leave Edinburgh over the summer but are forced to pay rent on their empty flats are being offered a solution by a leading high-street retailer.

Edinburgh’s landmark department store, Jenners, is offering students who own or rent a flat in the city the opportunity to profit from the massive tourism market over the summer months by organising subletting options with reputable national and international businesses.

Ed Thomson, chief executive of Jenners Property Letting told The Journal: “Students are often forced to sign 12-month leases when they are only actually in their flat for ten. The vast majority of student housing, which is in ideal locations such as Marchmont, sits empty for large parts of the summer.

“Our initiative will allow students to cover the cost of their rent and also make a profit.”

Jenners Property Letting are offering to arrange subletting leases for students, allowing them the option to sublet their flats with minimal risks as 95% of their clients are business organisations that arrange accommodation for their staff. Jenners also take care of legal proceedings and their corporate reputation has made property letting agencies more comfortable with allowing their tenants to sublet.

Mr Thomson said: “Rents during the Edinburgh Festival can go for up to three times the regular monthly usual. If the student owns their flat, or are subletting a rented flat, they can make a killing.

“Students [that rent their accommodation] who are looking to sub-let must get written permission from their landlord/agent. If their landlord/agent is unsure then we will happily discuss the process with them to put their mind at ease.”

During August, approximately 70% of festival-goers come from outside the city of Edinburgh and demand for accommodation is high. £49 million was spent on accommodation during August last year.

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