So you’re thinking of renting for the first time? Either it's your first home or you have sold your property and are moving into rented. There is a plethora of different things to think about and it can feel daunting, but don't worry, we've got your back!
Your agent will be able to guide you on each step of the process; the main steps are as follows:
· Pre tenancy & referencing
· Holding deposits, security deposits & fees
* Moving in, tenant responsibilities
When you have decided on the property that you would like to rent, the first step usually will be a reference check. You will be asked to provide some referencing information and legally, your agent should not charge you for this. The usual information required would be; identity information, employment details and existing living information. As you would be a first time tenant, a guarantor may be considered depending on the situation.
You will need to pay a holding deposit of no more than one week's rent plus a security deposit of no more than five week's rent in advance of the start of the tenancy. The security deposit should be registered with a government approved scheme. You may want to consider a deposit replacement policy as an alternative (see https://www.zerodeposit.com for more information).
As a norm, your landlord must cover certain costs, for example buildings insurance and property maintenance. However, as a tenant you would normally be expected to arrange contents insurance and cover the cost of utilities (unless otherwise agreed) this could include; gas, oil, electricity, water, drainage, TV and phone/internet.
There can always be issues with properties and it's very important that tenants are communicative if they have any concerns or anything to report. Most landlords are keen to keep their properties in tip top condition and appreciate the heads-up.
Feel free to contact the friendly team at Taylor & Co if you have any queries on 01747 416516 or email@example.com