for rent

Renting will cut your monthly income by a almost a quarter. Taking that into consideration, it is only natural to choose wisely when it comes to places to rent. However, a recent study found that there are some common interests between London renters.

Major concerns and interests for renters:

-> saving money: discounts and offers that help saving money daily.

-> the rising cost of living.

-> saving money on transport costs.

Despite all the eagerness to save money, 74% of renters questioned would pay a higher rent if this means saving money on daily necessities (groceries, household bills, and transport).

For more insights, read the entire article on Property Reporter.

Where do you find yourself? A big spender or a cautious cost planner?

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Brilliant – you have found a property to rent! Whether you’re renting for the first time, or already an experienced tenant, you need to ensure you understand your responsibilities.  Being aware from the outset of what is expected of you can prevent confusion and issues further down the line.  So, what exactly are your responsibilities?

Financial

It may sound obvious, but one of your key financial responsibilities is to ensure that you pay your rent in full and on time every month.  Depending on your tenancy agreement, you may also be responsible for all the utility costs and council tax associated with the property.  It may be worth getting an estimate of such costs prior to signing the tenancy agreement so that you can truly understand your long-term financial commitment.

Upkeep

Although you may not own the property, you are the custodian while it is in your care.  This means it’s your responsibility to ensure that the property is maintained, so you need to inform your landlord or letting agent as soon as possible should something require repair.

Although your landlord is required to ensure repairs are undertaken swiftly, the upkeep of the property is very much in your hands.  From changing light bulbs to keeping the garden in good condition, you need to ensure that you take good care of it.

Cleaning

Everyone lives differently, but no matter what your lifestyle it is essential that you keep the property clean and tidy at all times.  This is even more important when it comes to the end of your tenancy, as the property needs to be left spotless; from the fridge to the bathroom, it all needs to be clean. If you fail to keep and leave your property clean and tidy the landlord is entitled to deduct money from your deposit and we know that’s the last thing you would want to happen.

Subletting

Subletting is not allowed during your tenancy unless you have a prior agreement with your landlord or letting agent.  If you’re considering subletting, we strongly advise that you speak to your letting agent as soon as possible so that an open and frank discussion can be had and a decision made.  There’s no guarantee that your landlord will agree to subletting, but if you proceed without their approval you will be in breach of your tenancy agreement.

Access

Your landlord may wish to undertake periodic checks on their property, and you must allow them access.  These checks could be to plan long-term repairs, or checking on works that may have been undertaken prior to your tenancy. It’s always beneficial to be on good terms with your landlord, and one way to nurture a positive relationship is to be flexible when they request access.

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