When planning an extended trip to the capital city, whether for business or exploring, you want to find affordable short let London accommodation, close to transport links. London’s rental sector is extremely competitive and vast, and the costs can be staggering. Here are 10 tips to help you rent cheaply and safely.
Have an idea of what you need for your stay then begin your search early. The ideal way to have a perfect, yet cost-effective extended trip is by staying in a flat. Instead of renting a hotel room that you may find inadequate, you get to enjoy a more home-like experience. Search for local estate agents and let them know your requirements.
Read the Fine Print
In London, a lease may vary from six months to a year. However, there are short lets in London with short-term leases that can last between one and six months. Read the agreement before signing. If you choose shared tenancy, understand that you will be liable for your co-tenant’s actions.
Choose the Location Wisely
Choose a location that is close to the places you plan to visit. Ensure you are in close proximity to restaurants and malls. Identify areas tailored to your budget. When deciding where to rent, consider the areas you will be travelling to more often.
Household Insurance and Security
Check that all appliances, including doors and windows are in good condition. If anything needs to be fixed, the landlord should have done so before you move in. Find out if there is an alarm and how to use it. There should also be contents insurance.
Research Rental Values
The more you shop around for London short lets, the higher the chance of finding a bargain. The highest costing rents are mainly in the city centre and lower towards East London.
The Rental Market is Fast Moving
The market is not only competitive, but tenants are also competing to get the best properties. Therefore, you need to have the required documents, good credit ratings and references beforehand.
Ensure You Are Provided with the Inventory of Household Content
With a comprehensive listing of the inventory and a description of their condition, you are able to make any disputes at the start. This will ensure your landlord does not make unfair deductions from your deposit at the end of your tenancy.
Protect Your Deposit
Before putting down a deposit, which could range from 10-50 per cent, find out about the landlord deposit protection. If, at the end of your tenancy, deductions are proposed, you can raise disputes through the tenancy deposit scheme.
Find out who the Rental Manager is
When renting short term, find out if the estate agent is licensed by The Association of Residential Lettings Agents or NAEA. These organisations demand that members registered with them create a platform where tenants can complain. Before giving your deposit, find out who you will be dealing with. Will you have a dedicated landlord or an estate agent? Find out if there are any works planned within or close to the property so there are no unwelcome surprises.
Understand the Legal Rights
Do this before you sign the contract. These can be found on the government website. Be sure to get a break clause, in case you find that the apartment is not what you expected.