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Renting A Guide To Renting Property

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Contents:

Date Published:
27/05/2008
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Letting Agents

Trailing through the property pages and endlessly surfing the web for the right place can be time consuming, unpractical and often soul destroying. Once you've called up to inquire about the perfect flat for the hundredth time, only to be told it's taken, and you can't take another rejection, why not leave the hard work to a letting agent?

Of course, the easy route comes at an extra price. Letting agents usually charge a fee from between £25 and £150 for their services i.e. the general administration involved in finding the property, taking up references and returning the deposit at the end of the tenancy. Often they also require a holding deposit of £50 to £200, which usually goes to the first month's rent, unless you pull out in which case you lose it all together.

With this kind of money involved and considering you'll be dealing with these people throughout your tenancy it's important that they are reputable.

For further information contact the following agencies:

Association of Residential Letting Agents (ARLA)
www.arla.co.uk

National Association of Estate Agents (NAEA)
www.naea.co.uk

Royal Institution of Chartered Surveyors (RICS)
www.rics.org




Contracts

So you've found the perfect dwelling for you, and you're ready to sign on the dotted line. Whoah there! Before you enter into a legally binding tenancy agreement there are some essential things you need to check for.

Once again, a tenancy agreement is a legally-binding document between you and the landlord. Make sure you get an agreement in writing. If the landlord does not provide this information within 28 days of your asking, he or she is committing a criminal offence and could be fined. The tenancy agreement should state:

  • the landlord's name

  • your name

  • the address of the property

  • the length of the tenancy (if it is for a fixed term)

  • the notice period

  • the date the tenancy starts

  • the amount of rent

  • when the rent will be increased (if it is not a fixed-term tenancy)

  • when the rent is due and whether it is payable in advance

  • whether the rent includes council tax and/or water rates

  • the type of tenancy agreement it is - for instance, assured shorthold

  • what the tenancy includes - usually with reference to an attached inventory

  • the amount of the deposit, what it is for, whether it will be held in an interest-paying account and when you will get it back

  • your responsibilities as a tenant - for example, to keep the property in a good condition, pay your fuel bills, TV licence, not to sublet, not to keep animals etc.

  • the obligations of the landlord - for instance to keep the property safe and in a good state of repair

  • If you are in any doubt about the tenancy agreement, consult a Citizens Advice Bureau, Housing Advice Centre or a solicitor.

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    1. One major issue is the use of holding deposits by letting agents. these holding deposits are non refundable even though at the stage of giving the deposit you will not be in position of a letting agreement. Which is as important as the condition of the property. the letting agent will usually use the excuse that the deposit is because they are holding the property for you but they seldom if ever remove it and will continue to take viewings up until you sign the lease. the other issue is that if the letting agent decides that you are not suitable to rent they keep your deposit. this is particurarly open to abuse if more than one person is looking at the same property.
      Posted by Tom on 27/08/2009 19:46:24
      Offensive? Unsuitable? Report this comment
    2. WHAT TO DO WHEN I RENT FOR MY LANDLORD AND THE HOUSES IS BEING REPOSSESSED? AS SHE SAID IT HAS NOTHING TO DO WITH ME, WHAT CAN I DO LEGALLY?
      Posted by Xzilda on 24/11/2008 13:46:33
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