Agency Check


 
 PROTECT YOUR MONEY. PROTECT YOUR HOME. KNOW YOUR AGENT.

How to rent a property?

Those of you who are venturing out to rent for the first time may find the thought very exciting!!! However, chances are you may not have done your full research. This guide is to help with what to look for when choosing a new apartment and the best way to go about the whole process.

REQUIREMENTS

  • What location do you wish to live in?
  • What type of property are you looking for? (Flat/House/Room)
  • What is you ideal length of tenancy? (6/12/18/24/36 months)
  • Are you looking for a furnished/unfurnished/part furnished property?
  • How many bedrooms do you require?
  • Do you want/need outside space?
  • Do you require parking facilities?

BUDGET

It is important to thoroughly work out your budget before putting forward any offers or committing to any contractual agreement. It is also very important to note that when working out rent per week it is not calculated by four weeks. FOR EXAMPLE: £300 per week  would be equal to 1300 per month (300 per week x 52weeks /12 = £1300 per month).

Costs to account for before working out your monthly rental budget:

  • Travel costs- to and from work
  • Monthly expenditure - Direct Debits/Food Costs/Insurances
  • Predicted Council Tax Costs
  • Predicted Utility Bill Costs
  • Initial Deposit (Usually between one month's rental value and six weeks rental value)

RENTING THROUGH AN AGENT

Renting a property through an agency is generally safer. There are some additional costs but a majority of agents (those regulated by ARLA) put in place measures to protect your interests and make your renting process a lot easier and faster. Agents tend to have a larger variety of properties to show you, they are able to negotiate your rental price, and in many occasions negotiate special conditions before your move in.

VIEWINGS

It is important not to waste your time, the landlords time and the agents (if any) time viewing properties that are on the other end of the spectrum in personal preference. Always state your exact requirements and do not be afraid to ask.
Always let a friend or relative know when you are going to view a property, especially if the property is in a new location.