Build to Rent (BTR), also known as Built to Lease (BTL), is an emerging trend in the rental housing market. These purpose-built rental properties offer long-term accommodation options and the flexibility to choose lease terms of up to 10 years. These developments are designed to meet the specific needs and preferences of home occupiers and often come with a host of benefits that traditional rental properties cannot match. These benefits may include on-site amenities such as gyms, pools, and other communal spaces. Additionally, BTR properties are professionally managed, with security given prime importance, and maintenance services taken care of promptly.
BTR homes are designed with the needs of the home occupier in mind, so you can be sure that tenants are at the heart of the experience. Home occupiers have the peace of mind that the property is managed efficiently by a professional and experienced property manager with a dedicated team of staff to attend to any issues that may arise during their tenancy. In conclusion, BTR properties offer a unique and attractive proposition for tenants seeking long-term, high-quality rental accommodation.
These purpose built rentals are all owned by a single landlord, what does this mean for you? Security of tenure, certainty of costs, flexibility to exit, and consistency in the management. Moreover, Build to Rent properties have gained considerable popularity only in recent years, indicating that they are healthy homes compliant, newly constructed / near-new developments. Let's explore some of these benefits in detail below.