Getting Your Property Finance In Order
Property Finances Come First
Finding a new home to rent is an exciting time, but make sure you take time to consider your finances. Should your application be successful, to secure one of our properties we require a minimum of 5-weeks’ rent as a security deposit, plus one month’s rent in advance. As part of the tenancy process, we undertake references and credit checks on all potential tenants, this is to ensure that you can consistently meet the rental payments, and that you have a good credit score.
Guide To Renting: Be Prepared
Portland Estate Agents Guide To Renting
Being prepared and having everything you need to hand can help the process of securing a property.
The first check will be of your current employment, so have all your details ready, including your start date, salary, copies of recent payslips, and contact details for your employer. If you’re self-employed we would require your accountant’s details and further confirmation of your income. Should you be currently renting a property, we will require a reference from your current landlord. We will also need copies of a recent bank statement, your passport, and any relevant visa documentation. Having all the documents ready can speed up the tenancy process, should you find a property you would like to make your home.
Make sure you also budget for additional costs, such as those related to moving, especially if your rental property is unfurnished, and also any expenses you may incur by changing area, like increased commuting costs.
For advice on the costs related to renting, contact a member of our professional lettings team.
Finding The Right Property To Let
What To Consider When Finding A Property To Let
Just like many house-hunters, you may have begun your search online, but bear in mind that you may miss out on viewing what could be your perfect home. At Portland Estate Agents, we often let properties before they have been advertised; in these circumstances we contact only those prospective tenants who are registered with us. By registering, we can get a better understanding of the type of property you are looking for, and make you aware as soon as one we believe will suit your needs arises.
There is a lot to take into consideration when looking for the right property, including location, size, style, and commutability. Although it is great to have a picture of what you want in mind, we would also recommend that you place your trust in us. Sometimes a property may arise that, on paper, is not what you thought you were looking for, but on viewing is perfect, so see your criteria as more of a guide.
If you cannot find a property to meet your budget and wish list in your desired location, it is probably because it doesn’t exist, but with our help we can find you an exciting alternative that you won’t be able to resist.
The Key to Successful Viewings
The key to a successful viewing is to be prepared; put together a list of questions you need to get the answers to, so that you don’t get distracted on a viewing and forget to ask. A viewing is a time to think about how you would live in the property, and whether it would work for you. Take your time to study each room; providing honest feedback is of great benefit, as if this is not the home for you it will allow us to understand what is really important to you, and to personalise our search for your next home.
Conditions in the rental market dictate the speed at which properties are secured. In today’s market things are moving extremely quickly, which is why it is essential that when you find a property you wish to rent, you act quickly to secure the home of your choice.
Advantages of using a Letting Agent
We want you to rent a property that is safe, and where you feel protected should something go wrong. As a letting agent we check that every property and landlord has met all relevant legal responsibilities and will provide you with a home that is properly maintained and in a good state of repair.
On top of this, when we are instructed to manage a property on behalf of the landlords, we ensure that, should something break or need repairing, it is fixed as quickly as possible, and by a certified professional. Let us focus on your property, so you can simply enjoy living in your new home.
Inventory
The inventory is an essential part of the letting process, and it is important that you take the time to give it the attention it deserves. To ensure impartiality on all sides, we instruct a highly regarded independent inventory company to carry out the process.
They will draw up a full colour inventory, which records the exact condition of the property and furnishings prior to the start of the tenancy. It is this record that will form the basis of the check-in and check-out, and any changes in condition that could affect the return of your deposit will be detailed.
Your Responsibilities as a Tenant
Understand your responsibilities as a tenant.
Rental Payments
Your rent is paid in advance and must be paid on time by the method agreed in your tenancy agreement. Advise us straight away of any issues, as you could be evicted if you fall behind with the rent.
It’s Your Home Now
The property is yours to look after, but be aware that any damage will have to be reported, and anything missing replaced. There will possibly be a time during your tenancy when something needs to be repaired, inform your landlord or letting agent as soon as possible so we can ensure this is done quickly and to prevent further issues.
Always Ask
We will talk through all the terms of your tenancy prior to signing the agreement, but if you are ever unsure or wish to, for example, take in a lodger, decorate, or start a business from home, don’t put your tenancy at risk, simply ask.
Access Required
There will be times when your landlord may require access, such as when they need to undertake repairs. We will ensure they give you reasonable notice, and we will always try to organise it at a time that suits you.
Be Considerate
When moving home you are becoming part of a new community. You may not always get on with those around you, but be mindful of your behaviour, as acting in an antisocial or aggressive way could lead to you being evicted.
The Right Way to Leave
Should you wish to leave your tenancy there are certain steps that have to be taken, ignore them and you could be liable for rent. It is always beneficial to discuss any issues with your landlord or letting agent, as we can often find a workable solution.