The Renting Process
The Renting Process
ESTABLISHING YOUR FINANCES
Before you begin the renting process, it is imperative that you understand what your budget is. This will give you a more accurate idea of the size, location and type of property you can afford and in turn, this will make your search process much more efficient.
IDENTIFYING LOCATION AND REQUIREMENTS
You may be looking to move into your first flat or house, or you may be relocating from an existing property. Either way you will need to determine the area you want to move to and any other requirements. The more detailed you are and the more you know about what you want from both the property itself and the area, the easier your search will be.
CHOOSING THE TYPE OF LET
The type of let you decide upon will depend on your circumstances, but whether you are looking for a short stay or something longer term, there are properties to suit every need.
SEARCHING FOR AND VIEWING PROPERTIES
The more you know about what you want, the easier your search will be. Researching the surroundings can give you a better feel for the neighbourhood, as well as distances and travel times to transport links and other local amenities.
SECURING A PROPERTY TO RENT
The rental market moves at a very fast pace, especially in London and its surrounding areas. This means that quality properties are often snapped up very quickly. Once you have found a property you want to move into, this is the “let agreed” stage of the process, but remains subject to contract. This is when you will go through reference checks and pay a holding deposit, reference, tenancy agreement and inventory check charges.
PREPARING FOR MOVING DAY
The day you move house is likely to be a busy one, but you can make the process less stressful with good preparation.
POSSIBLE PROBLEMS AND PITFALLS
A tenancy agreement will protect your rights as a tenant, but there are various situations you may encounter which may cause issues. It is wise to plan ahead before committing to a tenancy.