If you are looking for a property to rent in London, we will strongly advise you to read through this guide first. The more knowledge you have, the easier it will be to negotiate with the agent on the rental price and to make the best-informed decisions.
Moving homes are often associated with a lot of stress and a costly process. However, this is not always the case. You may even be better off by moving to a new place by following some of the tips in this guide.
Rent in London
Did you know that May is the beginning of the peak of the market and it only gets more competitive from May to the end of September? You may, therefore, get a better deal if you start earlier. Find more about affordable rent in London here: The Cheapest Places to rent in London 2019
Remember that the prices in the advertisements are an invitation to treat. Treat means negotiation. You might find that the landlord is willing to accept a lower offer, but unless you ask the question you don’t know.
Instead of spending a lot of time every day searching, we can do the work for you, for free. As soon we find some properties that fit your criteria, we will inform you.
How much do I need to Pay?
Before you looking to rent a property, you should set up a budget of how much you can afford/ willing to pay in rent each month. As a basic rule: Rent ≤ Income x 2,5. Also, remember that these following costs often will apply:
• Council Tax
• Contents Insurance
Before moving into a new home, you will need to pay the following:
• Holding Deposit is equivalent to 1-week rent. This needs to be paid after the offer is accepted by the landlords. Note the following: This will normally be withdrawn from the first-month rent but will be forfeited if you provide wrong information or change your mind during this process.
• Deposit for long let tenancy equivalent to 5 / 6 weeks’ rent. Deposit for a short-let tenancy £700 or equivalent to one weeks’ rent (whichever is greater)
• One-month rent
Essential questions before viewings
- Furnished or unfurnished property?
You should before you rent a property find out if you prefer furnished or unfurnished. Despite some of the properties are displayed with a lot of nice furniture, the property may not necessarily come with the furniture.
If you have your own furniture you may rather prefer them to be removed before you move in. It is therefore important to sort this out before any viewings.
- Property to rent in London pets allowed
Some landlords do not allow pets at all, while others may allow some pets. If you own a pet, it’s therefore important to find a landlord who is happy to allow animals before you rent a property.
Remember that even if you don’t currently have a pet, you may at a later point during the tenancy like to purchase one into your home.
If you already have a pet or may consider having one in the future, it is important to discuss it with the agency already when you start looking for a new home.
8 Steps for Renting a Property
We’ ll guide you all the way through to a successful let!!
Step # 1: Respond to marketing: First, we will advise you to have a look at the properties we are offering and see which of them best fits your criteria or contact us.
If you have not found any property that meets your criteria, we can do the search for you and contact you when we find some that may fit you.
Step # 2: Viewings: We can organize flexible viewing that suits you best.
As required by the law we need to conduct a Right to Rent Check on all prospective tenants. We will therefore kindly ask you to send us a copy of your passport 24 hours before the viewing.
Step # 3: Decision and offer: When you have found the property that best suits your criteria, we will advise you to make an offer.
Remember that the guided price is an invitation to treat (negotiate). If you are looking for a property to rent outside the peak period, you may get a good deal!!
Step # 4: Offer accepted: If the offer is accepted, you will need to pay a holding deposit, equal to 1-week rent before we conduct an independent reference check.
Step # 5: Reference obtained: If the reference is accepted and approved by the landlords, you can soon prepare yourself for moving into your new home.
Step # 6: Money paid: In addition to deposits and holding deposit, one- month rent (- 1-week holding deposit) need to be paid before you can get the keys to the property
Step # 7: Tenancy agreement signed: All prospective tenants above 18 years need to be listed in the tenancy agreement.
Make sure you have read the tenancy agreement carefully before you are signing it.
Step # 8: Move in: You will get a date and time for check-in and the keys will be handed over to you. After the check-in, you can move in and enjoy your new home.
We will during the tenancy like to follow you up to make sure everything is fine. There will also be a few visits during a year to make sure everything is fine. We will give you a written notice 24 hours before.
Two months before the tenancy ending, we will contact you to find out if you will like to renew the tenancy agreement or not. However, the final decision is up to the landlord if he/ she also want to renew the tenancy agreement.
Remember that by taking good care of the property and paying the rent on time, a landlord will be more likely to be willing to renew the tenancy agreement.
If you are moving out, remember to replace light bulbs,
If the property was professionally cleaned before you moved in, make sure it is professionally cleaned when you are leaving the property.
However, you do not have any obligation for the betterment of the property. This means that if the property was not professional cleaned before you moved in, the landlord can neither expect you to provide professional cleaning at the end of the tenancy.
Call: 07757 744440 or email: Info@abitohomes.co.uk