Renting a House
By doublef • Mar 28th, 2008 • Category: Renting property
When you are thinking about renting a house always make sure to go through a respectable letting agent. If you don’t you will quickly find yourself with unnecessary problems.
So what do good letting agents do?
- They do a credit check on you. This is to determine if you have a good credit record.
- They check your payslip. This is to make sure you can afford the rent every month.
- They ask for a month’s rent as a deposit.
- They have a valid contract. They will go through the contract with you and remember to check what the penalty clause is if you should decide to cancel the lease agreement before the expiry date.
- The rent should not go up by more than 10% per year.
- They walk through the property with you and do an inspection to check what needs fixing.
- They setup a debit order so you don’t have to worry about the rent every month, just make sure you have enough money in your account every month.
- They will make sure you have a contact number where you can reach them if you need them.
All this might sound intimidating but remember, if the letting agent does all these things it shows you that they are legit and you won’t have any problems if you need them and when you need to get your deposit back, o yes, when you get your deposit back they are supose to pay you the interest earned on the money as well.
doublef is part of the Yes2Property Team that consists of people involved in the property industry. They are property investors and share their knowledge here with you.
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This is great. I never knew you could get the interest back on the deposit.
We have needed a site like this a long time ago. It is extremely difficult to find information on properties. Good call!
I agree that it is very important to have a good property letting agent. Not only is it good for the tenant living there, but also for the property owner, because a happy tenant is a paying tenant.
The letting agent we have is very good, they recently fixed up and repainted the whole house. We’ve been living there for just over two years. This is also the first place we rented and I must say - having had the correct letting agent made the process so much easier.