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The Rental Process

Tuesday, April 04, 2017

Whether you have rented before or this is your first time, when you rent a home there is a lot to think about.

You can find property to rent by looking at property internet portals, the individual agents’ websites or by going to estate and letting agents in the area you are looking to move to.

Once you have in mind the type of property you are looking to rent, here is the process you need to follow to secure your property:

 

Finding a property to rent

There are several factors to consider before finding a property to rent. These will largely depend on your personal circumstances, preferred location and personal needs. You will want to look at what is available and you will find these advertised on the property internet portals. Most agents use these to advertise the property they have available.

 

Role of the letting agent

Once you are interested in a property, check the letting agent is an RICS member and that the firm is ‘Regulated by RICS’. This will ensure that you are treated fairly, can rely on the information you are given and that you and your money are protected. There are many letting agents who are unregulated and extra care should be taken when dealing with these agents.

 

Agreeing the let

Once you have found a suitable property, you must agree the terms of the let which may involve some negotiation. Once the terms are agreed, formal documentation will be drawn up setting out the terms and conditions of the let This will need to be signed by both you, as the tenant, and the landlord.

 

Moving in

You will not be able to move in until you have paid your deposit, first month’s rent and any fees.

 

Looking after your rented property

You will need to pay for fixing or replacing any damage to the property while you are renting it, otherwise it comes out of your deposit. So, return the property to the landlord at the end of the tenancy in the same condition as at the start, allowing for fair wear and tear.

Remember, if you are away, for whatever reason:

  • you still need to pay rent on the right date
  • you are responsible for keeping the property secure
  • make sure the property is not damaged by the weather
  • let your insurer and your landlord know so that insurance arrangements can be made
  • give the landlord emergency contact details.

Image: bill lapp