Things to Consider Before Letting in London

Real Estate

London has a unique vibrancy and energy you won’t find in any other city. If you are planning to move to the capital, you want a location close to transport links and other essential amenities. London rentals are pretty vast and competitive even in high-priced neighbourhoods. If you are on a house hunt, you are bound to find lots of good value apartments in great locations but with incredibly high price tags. This shouldn’t dampen your spirit; the city also has affordable flats that are designed for people who want to live in groups. You only need to conduct thorough research and familiarise yourself with some rental rules before letting the apartment. Visit an online lettings platform and find out more.

The Terms of Tenancy

Tenancy contracts are pretty long and full of jargon hence, tempting to skip and sign. However, the agreement is legally binding, and you are liable for any breach. Also, the contract allows you to mandate the landlord to perform tasks such as fixing broken appliances and provide essential amenities like a laundry room. So, you want to read the contract to the end. You can ask a friend who is familiar with such legal jargon to help read through the settlement to avoid creating loopholes. At this point, you also want to factor in the possibility of future rent increase if you are planning to live in the property for years. Such terms should be included in the contract to avoid disagreements. Eviction rules should also be included in the agreement. Landlords are required to follow the right procedure when evicting tenants.

Find Out How Your Deposit is Used

Most London lettings demand six weeks’ rent in advance as a security deposit. The landlord withholds the cash until the end of the contract when it is refunded in full unless you have damaged property or have overdue payments. Tenancy laws require landlords to deposit the security deposit in a protected scheme until the end of the contract. He should provide a legal document as evidence. This way, you can challenge any unfair deductions the landlord has made during the tenancy. Find out more about security deposit schemes for London lettings.

The State of the New Apartment

The landlord should provide a detailed inventory of the furniture and fittings installed in the room and state their condition. If the estate agent or the landlord has not given one, you can do it and send it to the letting agency or landlord. Include evidence in the form of photographs so that you will have proof of things you want fixed or those you are not comfortable using in their current state.

Estate Agent Fees

The rates differ across based on the state hence, the need to determine the fees applied upfront before engaging the agents. Some agents show the fees charged on their website while others don’t charge estate agent fees. It may be included in the initial rental fee, but it is important to verify.

Ask for an Energy Performance Certificate

You should demand for the certificate before signing the contract. It shows the amount of energy considered efficient in a home and affects the cost of your energy bills.