Research carried out by the firm showed that the number of landlords targeting the corporate tenant market when letting their property has jumped by 12.6 per cent since January.
Landlords still plump for couples over singles, followed by families not on housing benefit, but less are looking to these traditional tenants when marketing their properties - purely because of the financial gain offered by the corporate market.
John Heron, Mortgage Trust's managing director said: "Corporate tenants offer landlords stability and they also tend to pay above average rents because they demand high quality properties and want the right locations for their employees.
"This market is going from strength to strength as more businesses turn to the private rented sector to house employees that may have to work on a short-term contract away from home or from another country. It’s a cost effective alternative to these companies actually owning property."
However these clients expect more for their tenants, with everything included - even towels and bedlinen - and furnishings to be of a high spec.
Mortgage Trust has highlighted that landlords should pay particular attention to the contract, deposits and agents where corporate lets are concerned.
Contract
The type of letting agreement corporates want differs from company to company. Some businesses will want to let the property for a long-period, while others will want short-term lets.
Alternatively, a company may want just one tenant for the length of the contract, while another may ask that the tenant will constantly change during the length of the agreement. Make sure you specify the type of deal you want.
Deposits
Some businesses will pay an upfront deposit, but some firms simply guarantee that they will reimburse landlords for any repairs needed. Make sure you’re aware of the policy that the company you’re dealing with operates.
Agents
It’s unlikely that major corporations will deal with individual landlords. Instead, they will work with a lettings agent that has a number of properties and landlords on its books. It may be worth signing up with an agent if you intend to target the corporate market. It may be more expensive, but could be beneficial in the long-term.
