Thursday, October 1, 2020
UK

Report by UK letting agents reveals what tenants should know before renting

Letting agents in the UK have released a new report which reveals what tenants need to know before renting

As the number of tenants looking for a new home in Britain has increased every month since May, letting agents have released a new report revealing the kind of things they need to know.

It points out that tenants can switch their utility bills, just like those who own their own home but they should double check their tenancy agreement to see if there is a clause which means they need to inform their landlord of the change.

Landlords usually aren’t happy for tenants to start redecorating their properties but according to the report from the Association of Residential Letting Agents (ARLA) there’s no harm in asking.

It explains that tenants need to seek permission to install extra shelving, hang things off the walls, or anything which could damage the property and also need to ask to paint anything, or replace the units.

ARLA advises that tenants with a pet should be upfront about it when they’re looking for a property. Some landlords won’t allow them at all, but many will be fine with pets, although they may ask for a higher deposit to cover any potential damage. Tenants need to make sure any extra deposit is clearly stated in their contract.

It explains smoking cannabis is not permitted and the drug is illegal in the UK, and there will probably be consequences for anyone caught smoking it behind closed doors. There’s usually a specific clause in rental contracts which says tenants must not consume illegal substances in the property, and subject to the landlord’s consent, many contracts prohibit any smoking in the property at all.

Although it is legal to run a business from a residential property, a tenant must ask a landlord’s for permission. This is because the landlord might need to inform their mortgage provider, as well as getting permission from the freeholder if the property is in a block of flats.

A landlord would probably also need to update their insurance, and make sure they are not breaking any licensing conditions the local authority has placed on the property too. General wear and tear could also be an issue if the business wasn’t just desk based, and they need to make sure the business wouldn’t disturb neighbours if people are coming and going throughout the day.

ARLA president Peter Savage said finding a rental property can be a stressful task, especially if one is unfamiliar with all the clauses in the tenancy agreement, but it can also be really exciting. The most important thing to remember is that once someone signs the tenancy agreement and moves in, one is still bound by it.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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