Those searching for the perfect house or flat to rent in London must know where to start the search, tenancy agreements, deposit protection schemes as well as household insurance cover. But the key is a person’s own budget.
• Finding a property for rent: If you are looking for a full property to rent, you can search online on an area basis. Check the website, homesandproperty.co.uk/rent that gives around one million properties as rentals in London.
• Budgeting: Work out your budget and stick to it. Estate agents often charge administration fees for their role in the renting process. There are some one-off payments include signing a contract, checking bank references or renewal charges for signing up extended rental period.
• Tenancy Deposit: The biggest cost is the deposit which is about six weeks of rent plus four weeks of rent in advance. It is a legal requirement and be paid into the three government approved Tenancy Deposit Protection Schemes.
• Be Alert on Clauses in Tenancy agreements: Never sign a tenancy agreement without reading it. Be clear on what kind of agreement you are signing.
• Inventory: Request a comprehensive inventory listing covering all the fixtures and fittings within the property.
• Running Costs: Check the current running costs of the property and study the Energy Performance Certificate (EPC) for the property to see how energy efficient it is. See if any bills are included in your rent. Otherwise plan for all utility bills, TV licence, local tax and broadband internet access.
• Safety, Security: Check out all locks to confirm they are in good shape and ask the landlord to fix any broken ones. Also learn the operation of a burglar alarm as all tenants must know how to use it.
• Maintain Records: Keep written records of all communication with the landlord and estate agents. Follow up any phone calls with emails.
If you are looking apartments for rent in london, these tips can help. In case you face problems, there are a number of organisations who an help to face matters of renting such as Shelter and Citizens Advice.
