
From protecting tenant deposits to sorting insurance: nine things you'll need to know when managing a property as a landlord.
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From protecting tenant deposits to sorting insurance: nine things you'll need to know when managing a property as a landlord.
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Let's find you a great rental home. Here's everything you need to know about renting, from working out what you can afford to finding the perfect place and living in your rental home.
What are the steps to renting a property?
1. Firstly, you'll need to work out your budget for rent. That also includes the bills you’ll be responsible for as a renter.
2. Be clear on what you're looking for in your next property. Have questions to ask at the viewing; our rental viewing checklist will help.
3. Prepare your documents (such as references and identification) to get ahead of the competition.
What do you need to rent a house?
To rent a house you'll need to provide character references from your current landlord and employer. You'll also need to prove your income by providing payslips and bank statements.
The letting agent will run a credit check on you to understand if you can afford to pay the rent and if you're likely to pay it on time.
Where are the cheapest places to rent?
The North East is the cheapest region to rent a home in the UK. Average rents here are £631 per month. The cheapest major cities with houses to rent are Aberdeen, Belfast, Newcastle, Sheffield and Liverpool, where average rents are below £800 a month.
What is a tenancy agreement?
A tenancy agreement or Assured Shorthold Tenancy Agreement (AST) is the standard contract for the vast majority of rental properties. It comes with various protections, including for your rental deposit. Make sure you check it over before signing the contract.
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