As a student your rent will be one of your biggest monthly expenditures. The property you choose will be your home for the next 12 months or so, meaning it is vital to take your time and make the right decision. This helpful advice from Your Move will help you make the right decision.
Who and where are often the first things that come to mind when looking for a student property. Who are you going to live with and where? When choosing your flat mates ensure they are reliable, if they still owe you £20 for that night out you had two months ago, sharing rent and bills with them probably isn’t the best idea. Before you view any properties make sure you check their proximity to your university campus and also anywhere you regularly.
Renting as a student is slightly different to renting a non-student house. If your house is wholly occupied by students then you won’t need to pay council tax, as a student you will most likely require a guarantor and student properties must have a HMO (Houses in multiple occupancy). Student properties are usually let out for 12 months, but in some cases this may be extended. Student properties usually contain a washing machine, fridge/freezer, oven, carpets, curtains, lampshade, beds, wardrobes, desk and chair, sofa, vacuum cleaner and bins; this can vary from property to property. Usually you will have your own bedroom and share the living area, kitchen and bathrooms.
When looking round a property make sure you keep an eye out for things like damp and ensure you ask what fixtures , fittings and furniture are included in the tenancy agreement. Security is also a major thing to take into consideration, is the property secure and if you use a bike is there somewhere you can keep this?
So, you have found the property you’re looking for, what next? Make sure you read the tenancy agreement and ask any questions you may have such as what happens over the summer. It may also be worth asking your guarantor to check this for you too, if you don’t pay your rent they will be liable. Ensure a thorough inventory has taken place and it may also be worth taking your own photographs for your own reference. Remember that the rent won’t be the only thing you’re paying, make sure you know what other bills you can expect throughout your tenancy, including agency fees. Lastly, make sure you have a point of contact for the duration of your tenancy, this could be the agent or landlord.
More information on student rentals can be found here.
If you are unsure of what anything means, make sure you take a look at our glossary for more information.
Are you a landlord thinking about renting to students? Find out more here.