The property rental market is booming and it shows no signs of stopping. More and more landlords are investing in property and thanks to high prices in the sales market, more people are choosing to rent instead of buying outright. Whether you are looking for your first property rental or you are a seasoned tenant, here are a few tips to help you find the perfect property to rent.
One of the first things a landlord will need to know is that you can afford the rent on their property and that you can make payments comfortably going forward. Before you go and view a property, get a good idea of what you can afford each month taking into account other expenses, such as energy bills, car costs, contents insurance, broadband and other living expenses. You will also need to have a deposit available to secure the property.
Thanks to technology and the sheer amount of properties available in most regions, you should have no problem making a shortlist of properties to view. Take a day out of your schedule to visit local estate agents and view online property rental portals to get a good idea of what is out there. Just keep in mind that the rental property moves fast and property in high-demand areas will go fast. When you see a property you like, move as fast as you can.
Before you sign any tenancy agreement it is important to know as many facts as possible about a property. For example, if there is a garden, find out who is responsible for maintaining it. If you are thinking of owning a pet in the near future, make sure this is permitted in your tenancy agreement. Also, try to get a breakdown of any charges that are included in your rental agreement so that you know what you are paying for, when and why.
The inventory is a list of all items contained within the property right down to the last knife and fork or minor defect. Make sure you carefully review the inventory and make the landlord aware of any missing or damaged items the moment you move in, or before if you can. For example, if there is a mark on the carpet that is not mentioned on the inventory or anywhere in the tenancy agreement, make the landlord aware so that you are not held responsible. Not doing so may mean you don’t get your full deposit back.
Your rent will usually be paid by standing order directly from your bank account. Non-payment is a serious breach of your tenancy agreement and you should always go into any property rental with the confidence that you can afford your rent each month. If you do run into any difficulties, always be upfront and try to resolve any payment issues as quickly as possible in order to avoid court action or marks being made against you on future references.
If you would like to find out more about renting a property, get in touch with the team here at Griffin Lettings. We would be delighted to assist.