London apartments to rent are available in a great variety that often attracts new and old tenants. Relocating employees and existing tenants look for rental apartment year on year. There are various relocation companies and lettings agents in London to assist with this process. But here are a few things about renting London apartments which are good to know especially for the first time tenants:
1. Rent and deposit calculation - When you check out the property portfolios, you also notice the rent written next to the details and photographs. The shocker could be that these rents are not per month but are for a weekly basis. To calculate the total monthly cost of rent, you can multiply the weekly rent by 4.33 (derived from 52 weeks of the year divided by its 12 months). Now, to this, you need to add the initial deposit required, which is typically six week’s rent. This would be the total amount that you should be prepared to pay initially.
2. Area specific letting agents - London relocation agencies and letting agents can help you to view multiple properties in a day than you can probably see on your own. However, these could be in different areas. This is because these lettings agents do not share a Multiple Listing Database that could otherwise authorise them to show you any and every property available just anywhere in London. Instead, they have their own private listings which are again restricted only to the local area. So you need to inform them beforehand the locality that you want to aim for, and visit other letting agents in the region also to see another property that you may have liked, but is not accessible to your present agent.
3. Tenancy agreement and formalities – Tenancy agreement could be a tricky one if you do not comb through each and every detail on it. You should be aware exactly what all are you liable for and what does not come under your responsibility. For instance, the fees to be paid to a letting agent are not your liability. It is the landlord who has to pay the agent. Therefore, also ensure that any amount hat is being demanded out of you is genuine and check in detail about it, maybe with friends or other neighbours around. Also, any additional request you make of the landlord, such as furnishings, any equipment, etc. should be clearly mentioned in the agreement to avoid any hassle later.
For more information kindly visit at:- instyleapartments.co.uk/property-to-rent-in-london
1. Rent and deposit calculation - When you check out the property portfolios, you also notice the rent written next to the details and photographs. The shocker could be that these rents are not per month but are for a weekly basis. To calculate the total monthly cost of rent, you can multiply the weekly rent by 4.33 (derived from 52 weeks of the year divided by its 12 months). Now, to this, you need to add the initial deposit required, which is typically six week’s rent. This would be the total amount that you should be prepared to pay initially.
2. Area specific letting agents - London relocation agencies and letting agents can help you to view multiple properties in a day than you can probably see on your own. However, these could be in different areas. This is because these lettings agents do not share a Multiple Listing Database that could otherwise authorise them to show you any and every property available just anywhere in London. Instead, they have their own private listings which are again restricted only to the local area. So you need to inform them beforehand the locality that you want to aim for, and visit other letting agents in the region also to see another property that you may have liked, but is not accessible to your present agent.
3. Tenancy agreement and formalities – Tenancy agreement could be a tricky one if you do not comb through each and every detail on it. You should be aware exactly what all are you liable for and what does not come under your responsibility. For instance, the fees to be paid to a letting agent are not your liability. It is the landlord who has to pay the agent. Therefore, also ensure that any amount hat is being demanded out of you is genuine and check in detail about it, maybe with friends or other neighbours around. Also, any additional request you make of the landlord, such as furnishings, any equipment, etc. should be clearly mentioned in the agreement to avoid any hassle later.
For more information kindly visit at:- instyleapartments.co.uk/property-to-rent-in-london
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