Flower arrangements fellows placed around rented accommodation (8)

I believe the answer is:

chaplets

'flower arrangements' is the definition.
(chaplet is a kind of flower arrangement)

'fellows placed around rented accommodation' is the wordplay.
'fellows' becomes 'chaps' (chap can mean a man).
'placed around' indicates putting letters inside.
'rented accommodation' becomes 'let' (a property which is let out).
'chaps' enclosing 'let' is 'CHAPLETS'.

I've seen this clue in The Telegraph.

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