Is it true that owners putting long term rentals on the market in the summer (CDS) are generally able to charge more per month than if they were doing so in the winter?
We are approaching the end of an 11 month tenancy & our tenants want to renew.
We are interested in renewing for 6 months, then trying holiday lets again next summer. At least then we could get some enjoyment from the property for ourselves again. However, they are unwilling to accept 6 months, citing the reason above, and say (via the agent) that they could not therefore afford to move in the summer & will move out if we don't agree to 11 months.
I understand that people may feel they could charge more for a long term let if they thought they were giving up a consistent weekly income in the summer (being optimistic, obviously) but 11 months is surely still 11 months, covering all seasons, no matter what time of year it starts. I also understand that there may be less supply for long term if a lot of owners move onto holiday lets, as we would like to do. However, knowing what the over-build has been, the notion of under-supply seems a little unrealistic.
Any information will be gratefully received.