So, you’ve found the perfect housemates and have decided where you want to live… now you just need to find the property.
If you’re starting your student property search on Rightmove, you can simply request a viewing of the room or property by calling the agent or company marketing the property, or sending an enquiry directly through the site. You can find more information on finding a place to rent here.
Most letting agents will take you to view a few properties in one go, often with several other groups of students who are interested in the same property type which can put pressure on you to make a decision. Be patient and try to see as many properties as you can to give yourself a fair idea of the accommodation available.
In order to make the viewing process as stress–free as possible, consider the following when arranging/going to viewings:
To avoid living in a property you’re not all pleased with, try and ensure that you and your housemates can all make the viewings so you can make decisions as a group on the spot if necessary.
Once you’ve found a property you like, you’ll need to make an offer in order to secure it. This will ensure the property is yours and cannot be offered to anyone else.
More information on making an offer can be found here.
At this stage, the landlord or agent may also ask for a holding fee or deposit.
Once you’re ready to sign tenancy agreements and complete the transaction, there are some other costs that you’ll need to pay:
At the point of accepting a property, the landlord or agent may ask you to pay fees to cover things such as drawing up tenancy agreements, inventories and checking references. These fees can be described by terms such as administration fees, agency fees or booking fees.
Dependent on whether you are renting as an individual, or as a group, the deposit amount will be variable. It is usually the equivalent of between one calendar month and six weeks’ worth of rent.
Recent laws have been put into place regarding deposits and it is now a legal necessity that all deposits are paid into a Tenancy Deposit Scheme (TDP). This scheme is a cautionary measure to protect all renters (not just students) and their deposits.
You can find comprehensive information on tenancy deposits, and the companies you need to know, here.
Agents can, and often do, ask for one month’s rent in advance in addition to the security deposit. If you have to pay rent in advance you should check when the next rent payment is due.
When providing a deposit, you will also need to ensure you sign a tenancy agreement, which will lay out the terms and conditions that both your landlord and all tenants need to adhere to.
It is advisable that you read through the document thoroughly and ask your landlord/letting agent to explain anything you are unsure about. If you still have questions that have not been answered you can speak to a member of your student union who will be able to assist you further.
Don’t be surprised if you are asked by an agent or landlord to provide details of a guarantor. This means that if you miss any rent payments, they have a backup from whom they can take the money owed. This is usually a parent but could be any adult as long as you have their consent and proof that they are a suitable guarantor.
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