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Property News

Property News

Five steps to renting a home in London

29.10.2024

Words by Ed Woolgar

London is one of the most international cities in the world. However, renting a home here can be confusing, especially for expats and foreign nationals. So, we’ve created a brief guide to help you understand each stage.

Becoming a tenant is a much faster process than buying a home. In fact, the best properties are often snapped up quickly, meaning it’s helpful to prepare in advance. That’s why we’ve broken the process down into five easy steps.

Step 1: Finding a property

Before you start the search, you need to set parameters. This will include things like budget, neighbourhood, and the requirements for the property itself. Do you want a flat or a house, one bedroom or several, a garden or a balcony?

Online research will give you a sense of the properties available and their price ranges. In addition, an agent can give you a better understanding of a neighbourhood and the types of home that might be available. That said, in most cases it’s advised to a view a property before moving in.

Step 2: Offer made and agreed

Once you have found the place where you want to live, it’s time to make an offer. The agent can advise on whether the landlord may be open to negotiation. Once agreed, you will be sent an offer form to complete and a holding deposit of one week’s rent will need to be paid.

This is the period when credit and anti-money laundering (AML) checks will be made. References will also be checked and you will need to prove your right to rent in the UK (whether a visa, residence permit, or proof of pre-settled immigration status). Finally, an invoice will be sent for the tenancy deposit and the first rental payment.

Step 3: Move in

Before moving in, you can expect the landlord to clean the property, as well as performing electrical and gas safety testing. You will also meet with the inventory clerk for the property check-in, as well as the landlord or property manager. Make sure that any defects have already been noted – especially if the property comes furnished. Then you will be handed the keys!

Step 4: Tenancy

If the property has a manager, they will be your first port of call for maintenance issues. Conversely, if the landlord is responsible, you will have their contact details in case of problems.

At the start of the tenancy, it’s important to contact utility companies to make sure you are paying for water, electricity, gas and council tax. It’s also necessary to update your bank details, and possibly take out home contents insurance.

Step 5: Renewal or end of tenancy

Two months before the tenancy comes to an end, you can expect to be contacted by the landlord or property manager. Typically, you will be asked whether you want to renew the contract.

If you decide to terminate the contract, or the landlord asks for the property to be vacated, viewings for new tenants will take place during those final two months. On moving out, you need to make sure the property has been professionally cleaned and an inventory check has taken place. Don’t forget to let utility companies know your move-out date and to return the key before departing.

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