The UK property market is a wash with vacant rental property, you only need to do a search on the internet or look in the local papers and you can pick and choose a property that suites you. So what do you need to look out for when you are looking to rent a property and how can you determine what is suitable for you. Let us start from the beginning and run through the most important factors that you need to consider.

1 Know Your Budget……Most important of all is to know your budget and know what you can get for your money. Most people will have a set monthly amount that can be afforded on the property it is very important that you budget all the costs involved when renting. Don’t forget that you may need a months deposit up front, agency fees to pay and a retainer deposit before you sign the rental agreement. Also you need to factor into your monthly budgets all bills including council tax, utility bills and other commitments.

2 Set Your Requirements…..Once you have undertaken your initial budget you are ready to do your requirement planning, research a little further into what the market has to offer in your price range. So write down on your most important requirements in a list in order of priority, generally go with the top 10 such as near to the town centre, on a bus route, 3 bedrooms, separate dinning room, large back garden and so on, then write down your maximum amount you can afford per month from your initial budget.

3 Do Your Research….. The best place to start your search would be use the internet, type in to a search engine what you are looking for, for example 3 bedroom house for rent Manchester, this will return a large list of property and websites that are relevant to what you are looking for. Be sure to look around and choose properties that match as many criteria as you can. Any suitable properties you find then you can make contact with the Landlord or Letting Agents in order to arrange a viewing or gather further information.

4 Contact the Landlords or Letting Agents…..Before you have arranged your viewings make sure you review each of the advertising letting agents and Landlords carefully. Check out any of the additional costs that they may charge, check out some references and do some searches to ensure they have a good reputation. Negotiate on the price of the monthly rent, the market is a tenants market and they should offer you a discounted rate. Make sure the agent follows by the deposit laws and is a member of one of the UK governing rental bodies; this will ensure you should receive a high level of service.

5 Sealing the Property Deal……Often an agency will require a retaining deposit once you have agreed to rent the property. This ensures that if you do drop out after the agreement the costs are covered, once this has been handed over then the rental property can not be offered to anyone else. Usually the tenancy agreements are signed on the day of move in and this is when the first months rent and the retaining deposit will need to be paid.

In Summary the Top Renting Property Tips for the UK are :-

1:- Know Your Budget
2:- Set Your Requirements
3:- Do You Research
4:- Contact the Landlords or Letting Agents
5:- Sealing the Property Deal

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