What effect will PRT’s have on Edinburgh Festival Lets

March 1, 2018

There are no grounds in the PRT that give landlords or letting agents the ability to evict a tenant to enable a property to be rented out for the Festival. The usual practice of securing Festival tenants in January, February and March will no longer be possible from 2019 with the uncertainty of tenants’ plans.

Let me explain.

In August and September 2018. At ACE Property we will be singing up our students. Most likely all into HMO properties. These leases will have no fixed term and must be ended by using one (or more) of the 18 Grounds for eviction (which you can read about here https://www.acepm.co.uk/page.php?page=129 ).

There are no grounds that give landlords or letting agents the ability to evict a tenant so a property can be rented out for the Festival. We can communicate with tenants during their lease however the tenant is well within their rights to stay in the property and give 28 days notice when they need to leave.

2019 will see the practice of securing Festival tenants in January, February and March become no longer possible with the uncertainty of the tenants plans.

The new PRT tenancy means that we may start seeing tenants issuing their 28 days notice at different times during the year depending on their university schedule and personal situations.

Do not panic!

Our industry will adapt and move forward. We need to embrace the change and play the cards we have been dealt by the Scottish Government.

Landlords that are used to Festival Letting their properties need to prepare for August 2019 as the August rent rise that they may be used to might simply become a regular month’s rent.

Written by Alan Nash – alan@acepm.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

West Oxfordshire property market off to a ‘strong start in 2026’

A combination of families looking to upsize and first-time buyers have helped the West Oxfordshire property market get off to a “strong start” in January. Since the turn of the year, Parkers Properties has booked in almost 130 viewings, a 40 per cent increase on the same period in 2025. The estate agent, which has…
Read More →
Breaking News

203,000 homes owned by international homeowners

203,000 homes across England and Wales owned by international homeowners, with London accounting for 34% The latest market analysis by Enness Global has revealed that almost 203,000 homes across England and Wales are owned by international homeowners, with London home to the highest proportion at 34%, while Hong Kong, Singapore, the USA, the UAE and…
Read More →
Rightmove logo
Breaking News

Autumn Budget doesn’t dampen commercial property outlook for 2026

Demand in both leasing and investment remained in largely positive territory, despite Budget uncertainty Industrial sector continued to lead the way with demand to lease up  11% year on year and demand to invest up 12% 2026 outlook shows positive signs alongside predicted interest rate cuts Demand in terms of both leasing and investment for commercial…
Read More →
How to add value to your home
Breaking News

Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers

Propertymark says forecasts of modest house price growth in 2026, alongside falling mortgage rates, point towards a housing market that is beginning to stabilise, offering renewed hope for first-time buyers, while wider affordability challenges remain. As lenders continue to reduce mortgage rates following improved market conditions, monthly repayments are becoming more manageable for aspiring homeowners.…
Read More →
Breaking News

Inheritance tax receipts rise as government performs partial U-turn on relief rules

Inheritance tax (IHT) receipts reached £6.6 billion in the first nine months of the 2025/26 tax year, according to data released by HM Revenue & Customs (HMRC) this morning. That figure is £200 million higher than the same period last year and continues a steady upward trend that has persisted for more than two decades.…
Read More →
Breaking News

Breaking Property News 22/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Why are most proptechs Unsaleable? Structural issues rooted in how proptechs are conceived, built, and taken to market stops an exit or IPO   (Thought Leadership by Andrew Stanton CEO Proptech-PR) The proptech sector has matured rapidly over the past decade. Capital has flowed in, incumbents have launched…
Read More →