This tenant guide will provide you with advice and information on how to best secure a rental property.
Renting your home can be beneficial for many reasons. Renting can be cheaper than owning your home and bills can be more predictable too, which is great news for those who prefer stable finances. With fewer outgoings, you can save more money as you wonít be responsible for the property maintenance.
We know from experience that finding your perfect home can be stressful. This is why having a friendly letting agent on your side that tells you exactly what a block or area is really like as opposed to telling you what you want to hear is important!
Whether you want to rent a house or flat, the rental process is the same. Rental properties usually become available about 1 - 2 months before the end of tenancy date, so where possible it is worthwhile to start looking early.
Firstly you should think about your budget and location. Depending on the location, you will find that you can rent a 2-bed apartment with parking for the same rent as a studio without parking so decide which is more important to you: location, space or a compromise.
You need to know what your priorities are, as it can be difficult to find everything you want in one property. An important decision to make early on is if you want a furnished or unfurnished property. However, most unfurnished flats now come with modern appliances such as a fridge and washing machine, so itís always a good tip to ask the agent exactly whatís included. If an item that you would want isnít there and itís a make or break situation donít be afraid to ask your friendly agent as the landlord might be willing to provide it.
To work out what rent you could afford monthly, total your monthly expenses (not including the rental estimate) and subtract this amount from your monthly income. The final figure is a rough guide of what figure is affordable for rent each month. Use this figure as an estimate when youíre searching.
Finding the right location will have an impact on your lifestyle and the property you choose. We can provide useful information about house prices, local schools, transport links and other local amenities. This will help you choose an area with confidence.
Once youíve found a rental property you like, book a viewing as early as possible. There is high demand for properties in the rental market and if you find a property you love, itís best to move fast to secure it.
If you get a great feeling once viewing a property it can be wise to immediately put down a deposit to take your potential new home off the market. Only once youíve paid the deposit / tenant administration fee is the property truly secured.
A referencing check is completed to ensure that youíre a suitable tenant and are able to pay your rent. Here we may check employee and previous landlord references if applicable amongst other details.
On passing the references, you will pay the first monthsí rent along with the security deposit which is usually between one/two monthsí rent. This deposit is held as cover for any damages that may occur and need to be repaired at the end of your tenancy. Cherry Picked Properties protect your deposit with the government-authorised Deposit Protection Service.
We will organise for both you and the landlord to sign the tenancy agreement which sets out the terms of the tenancy.
You will now be given the keys to your new property and a token house warming gift from Cherry Picked Properties to enjoy in your new home!
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