How To Rent a Property – The Tenant’s Guide

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The rental business is fast and finding the right letting agent or landlord is very important to assist in the process and sometimes using a property portal like Lettinglinks.com can help a great deal. Letting Links is trying to make the process of connecting tenants, landlords and/or agents smooth and painless.

Once you’ve made a connection with an agent, make sure they know exactly what it is you’re looking for in a property, including your budget, location and length of the term. Make sure he is aware of how serious you are so that he’s bound to put you at the top of the list when appropriate properties become available. It’s also very helpful if you can give specific feedback to the agent after each viewing so he’ll know when he’s on the right track and when he’s off base.

Letting agents will generally ask for an administration fee of between £25 and £150, as well as a deposit of around £50 to £200. This deposit will be used towards your first month’s rent unless you pull out of the deal in which case you would likely lose it all. For this reason you should ensure you have a reputable letting agent so you can be comfortable with handing over your money. You should also ask the age of the property and if it’s looking a little on the tired side, find out how long it’s been on the market – you may just be able to make a deal.

So now you’ve found the property you want to live in – now comes the signing of the tenancy agreement. This is a legally binding document and should be treated with respect and serious consideration. It will have a lot of information such as: party’s names, the address of the property, the term, how much rent is expected and when and what percentage of an increase can be expected, the responsibilities of both parties, information about the inventory, the deposit scheme and the notice period that either you or the landlord must give in order to end the tenancy.

Of course your new potential landlord will want to make sure you are a suitable tenant which means you will likely need to provide references such as previous landlords, bank reference, employment and possibly a credit check.

Generally you will be asked to pay a deposit which could be anywhere from 4 to 8 weeks’ worth of rent in order to safe guard your landlord should there be damage done to his property while you are living there. Since there are several discrepancies when it comes to what is wear and tear or what is damage, you need to have an accurate list of inventory and the condition of the property prior to signing an agreement. In April 2007 the Tenancy Deposit Protection was introduced to apply to all properties being let in England and Wales. This protection will help if there are any disputes between landlords and tenants. Also each deposit is to be held in one of three approved Tenancy Deposit Schemes.

The inventory that was mentioned is one of the most important documents that you will receive at the beginning of the tenancy. It takes careful notice of the condition of each room, the interior and exterior of the property and anything that is included in the rental such as a fridge, cookery, air conditioner or furniture if applicable. The difference between the inventor taken at the beginning of the tenancy and the end of the tenancy will determine how much of your deposit you will get back.

The most important form of course is the Tenancy Agreement and the most common is the Assured Shorthold Tenancies Agreement. The agreement outlines the responsibilities of the landlord and the tenant, but the most important aspect is the right of the landlord to repossess the property at the end of the tenancy. If all parties are happy the term does not have to be short, however if the term is more than 3 years a solicitor must draw up a deed.

Although it is the responsibility of the landlord to ensure the safety of the property and any appliances that are included, it is your responsibility to make sure that the landlord has secured the proper certificates so that your safety is never in question.

As we stated at the beginning finding the right landlord and/or letting agent is the key to a successful rental and we hope you can find that connection by looking into Letting Links. Don’t let the process give you too much pressure – just be diligent and careful so you can feel comfortable with your choices.

Lettinglinks.com is a social networking site that connects landlords with tenants. If you are interested in letting a property then visit the main site and create your account in seconds. The site is 100% FREE to use. Gain access to thousands of UK registered landlords and their properties NOW!