Renter Library

Thanks to a shortage of properties, soaring inflation, ridiculous food prices, and higher energy bills - securing a rental property in 2024 is likely to be more competitive than ever before. It’s not uncommon to hear about bidding wars or properties being snapped up before a viewing has even taken place!  As such, it’s important to be prepared when looking for a rental property to ensure you have the best chance of securing it. 

When looking for a rental property, the most important thing to do is research. It’s important to understand what you can afford, the types of rental properties that are available in your area, and be aware of the average rental prices. This will help you to set realistic expectations and ensure you’re not paying over the odds for a property. 

Once you’ve narrowed down your search, it’s time to start viewing properties in person. When viewing a property, it’s important to take note of any potential issues or areas of improvement. For example, if there are any signs of disrepair or maintenance issues, make sure you note these down. Equally, if there are any safety or security features that need to be improved upon, make sure you’re aware of this. 

When it comes to applying for the property, it’s important to be prepared. You’ll need to go through the tenant referencing process - which includes providing a range of documents, such as proof of employment, references or bank statements. Make sure you have all the required documents ready before you apply. Additionally, it’s important to be aware of any fees, such as deposits and admin fees, that may be required before you sign the tenancy agreement

Finally, once you’ve secured the property, make sure you’re aware of your rights and responsibilities as a tenant. Familiarise yourself with the terms of the tenancy agreement, and ensure you’re aware of any local laws and regulations that may apply. 

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