Renting a house or flat for the first time is an exciting milestone in life. Whether you’re moving out of your parent’s home, finishing university, or simply seeking a more professional living space as you embark on your career, stepping into the rental market marks the beginning of a new chapter. However, as thrilling as it may be, the process can also feel overwhelming when you first start to look.
There are a lot of factors to consider, and it’s essential to be well-prepared to make the right decisions. To help you navigate this journey with confidence, we’ve compiled a comprehensive guide filled with rental tips for beginners. Here’s everything you need to know from one of the top Estate Agents in Croydon.
Key Things to Consider Before Renting
1. Know What You’re Looking For
The rental market is brimming with properties of all shapes and sizes, and it can be daunting to sift through them without a clear idea of what you want. Before you start your search, narrow it down by considering the following:
- Location: Where do you want to live? Location is crucial, and many estate agents have area searches on their websites to make this easier.
- Furnished vs. Unfurnished: Decide whether you want a furnished property (which includes all essential furniture) or an unfurnished property (where you may need to bring your own furniture, although white goods like fridges are often included).
- Move-In Date: When are you planning to move? Most landlords prefer tenants to move in within a month of the property becoming available.
Length of Tenancy: How long do you plan to rent for? Minimum-term contracts can vary, so make sure you’re clear on this before signing anything.
2. Know Your Budget
Establishing a realistic budget is essential before you start viewing properties. There’s no point in finding your dream home only to realise it’s beyond your budget. Remember to factor in additional costs such as utility bills, council tax, and insurance, as these will impact your overall monthly expenditure.
3. Arrange the Viewings
Never commit to a property without seeing it first. Viewing the property in person is crucial to ensuring it meets your expectations. When arranging viewings with your letting agent in London, keep the following in mind:
- Book in Advance: If the property is currently tenanted, the agent will need to give at least 24 hours’ notice before your viewing.
- Saturday Viewings: These are popular, so it might take longer to secure a Saturday slot.
- Ask Questions: Make the most of the viewing by asking about the property and the area, especially if the current tenant is present.
4. Understand What’s Included in the Agreement
Large items like fridges, freezers, beds, sofas, and wardrobes should be included if you’re renting a furnished property. However, not all unfurnished properties have kitchen appliances, so it’s important to clarify what’s provided before moving in. Request to see a current inventory list and double-check what’s included if it’s not clear.
5. Calculate the Cost of Moving In
Before signing any agreements, make sure you understand the upfront costs involved in moving in. Typically, you’ll need to pay a deposit and some rent in advance to secure the property. Your landlord or property management company in London will outline the exact amounts required, ensuring you know where you stand financially before committing.
6. Have All the Necessary Information Ready
The application process for renting a property often involves filling out extensive forms. To make the process smoother and less stressful, have the following information ready:
- Photo ID: Such as a passport or driving licence.
- Proof of Current Address: Recent utility bills or bank statements.
- Evidence of Income: Payslips or a letter from your employer, along with a potential work reference.
Guarantor Details: If required, you may need someone to guarantee your rent payments.
7. Know Who Manages the Property
Understanding who manages the property is crucial, as it determines who you’ll be dealing with throughout your tenancy. If it’s a private rental, you will correspond directly with the landlord. If a letting agent manages it, they’ll be your point of contact. Make sure you have their contact details handy for reporting any issues or clarifying any queries.
8. Ensure the Property is Suitable
Landlords often have specific property requirements or restrictions, and it’s important to be aware of these before signing a contract. For example, some landlords may not accept tenants with a poor credit history or those with pets. Check these details before arranging a viewing to avoid disappointment later on.
9. Organise Your Internet Connection
Once you’ve signed the agreement, it’s time to get excited! One of the first practical steps you should take is organising your internet connection. Appointments for new installations can sometimes take up to three weeks, so it’s best to book this as soon as possible to avoid any delays once you move in.
10. Arrange Suitable Insurance
While your landlord is responsible for insuring the building, it’s up to you to arrange contents insurance for your belongings. This protects you against potential losses due to events such as theft or natural disasters like floods. It’s easy to overlook, but having insurance in place can save you a lot of money and hassle in the long run.
Know Your Rights and Responsibilities as a Tenant
When you move into your first rental home, you’ll have certain rights as a tenant, as well as responsibilities that you need to uphold during your tenancy. The contract you sign before receiving your keys will outline these expectations, but it’s helpful to familiarise yourself with them beforehand.
Your Rights
- Deposit Protection: Your deposit must be protected in an approved deposit protection scheme, ensuring you don’t have to fight to get it back at the end of the tenancy.
- Protection from Unfair Eviction and Rent Increases: You are entitled to a fair process if the landlord wishes to increase your rent or end your tenancy.
- Return of Deposit: As long as you meet your responsibilities as a tenant, you should receive your full deposit back at the end of your tenancy.
- Safe and Well-Maintained Property: Your landlord is obligated to provide a property that is safe and in good repair.
- Quiet Enjoyment: Your landlord must give you at least 24 hours’ notice before entering the property, except in emergencies.
Your Responsibilities
As a tenant, your responsibilities include:
- Avoiding Damage: Take care of the property to avoid causing any damage, whether accidental or otherwise.
- Paying Rent on Time: Ensure your rent is paid in full and on time each month.
- Paying Bills: Cover all utility bills and council tax promptly.
- Covering Damage Costs: If you or your guests cause any damage, you are responsible for covering the repair costs.
- Allowing Property Inspections: Permit your landlord to conduct property inspections and maintenance work, provided they give you adequate notice.
- Not Subletting: Do not sublet the property unless it’s agreed upon in your contract.
- Reporting Issues: Notify your landlord of any problems with the property in a timely manner so they can arrange repairs (e.g., mould, damp, broken windows).
We hope these rental tips for beginners have provided you with valuable insights to help you in your search. Renting for the first time is an exciting journey, but it’s also one that requires careful consideration and planning. By following these expert tips, you’ll be well-equipped to make informed decisions and find a property that suits your needs and budget.
If you have any further questions or would like to arrange property viewings, don’t hesitate to get in touch with our friendly team today. We’re here to help you every step of the way and ensure your first rental experience is a positive one!