HOW TO RENT A PROPERTY

Before you start looking for a rental property, it is crucial to know your budget. Consider not only the monthly rent but also additional costs such as monthly utility bills, council tax, internet, and other potential expenses, such as a TV licence or subscriptions. Typically, your rent should not exceed 30-40% of your monthly income to ensure maintained financial stability.

With your budget in mind, begin your property search. Online platforms, letting agents, and even property listings in newspapers are all valuable resources for finding vacant properties. Use filters on websites to narrow down your search based on factors like location, property type (apartment, house, studio), number of bedrooms and bathrooms, and nearby amenities.

Letting agents play a significant role in the Hampshire rental market. They can help you find suitable properties, arrange viewings, negotiate with landlords on your behalf, and provide security for your deposit should you have one. Letting agents also streamline the rental process by taking care of all the paperwork and help you to understand the importance of why guarantors may be required, offer guidance on legalities, and simply making the search for a new property more efficient and stress-free. 

Viewing properties in person is crucial to assess their condition, size, and suitability. During the viewing, inspect the property's infrastructure, plumbing, heating, and any existing damages. Make sure to not only ask questions about the property itself, but also the local area. Enquire about nearby amenities, transportation links, the area’s reputation, and crucially the property's energy efficiency.

Understanding your rights and responsibilities as a tenant is paramount. The UK has official regulations in place to ensure fair treatment of tenants which all landlords must abide by. Your tenancy agreement outlines the terms of the rental, including rent amount, deposit, maintenance responsibilities, and notice periods. The two most common types of tenancy agreements are Assured Shorthold Tenancies (ASTs) and Periodic Tenancies.

Landlords usually ask for a security deposit, which is typically equivalent to between 5 and 8 weeks of rent. This deposit is held to cover any potential damages or unpaid rent during your tenancy. By law, landlords must protect your deposit in a government-approved tenancy deposit scheme and must have a solid reason to not return the deposit it full at the end of the tenancy.

Ensure you understand the monthly rent amount and payment schedule. Rent is usually paid monthly, and often to the landlord’s letting agent. Modern practice to send the funds across via online banking – we suggest setting up a standing order to ensure timely payments. Additionally, be aware of your responsibility for paying utility bills, council tax, and other charges.

Before moving in, you and the landlord will sign a tenancy agreement. This legally binding document outlines the terms and conditions of the tenancy, including rent, duration, responsibilities, eviction policy, and other rules. Make sure you read and understand the agreement thoroughly before signing, and do not be afraid to ask questions.

An inventory check-in report is a detailed document that records the condition of the property and its contents at the beginning of the tenancy. It is crucial to thoroughly review and sign this report, as it will be used to assess any damages when you move out. Raise any queries or concerns you have before signing, not after, to avoid any confusion.

Once all the formalities are complete, you can collect the keys and move into the property! Take photos of the property's condition upon moving in, ensuring you document any pre-existing damages. Notify utility companies of your move-in date and provide meter readings to avoid disputes later.

The landlord is responsible for maintaining the property's structure and essential amenities, such as heating and plumbing. Replacement of furniture is also their responsibility, but replacing fittings falls under the remit of the tenant. If you encounter any issues, promptly inform the landlord or their letting agent. They are legally obligated to address maintenance and repairs in a timely manner.

If you decide to leave the property, you must give the required notice period, as stipulated in the tenancy agreement. The notice period usually ranges from one to two months, which is the same if the landlord does not wish to extend the tenancy. When moving out, ensure the property is in the same condition as when you moved in to maximise your chances of receiving your full deposit back.

During the check-out process, the property's condition will be compared to the inventory report. Any damages beyond reasonable wear and tear will be deducted from your deposit. If you agree with the assessment, your deposit will be returned. If there is a dispute, both parties can use the Deposit Protection Scheme's dispute resolution service.

When moving out, update your address with relevant parties, such as utility providers, the council, and your employer. This ensures you receive correspondence and bills at your new address. Making a move-out checklist ensures you do not forget any of your belongings and helps to separate things you want to take with you and what you may want to sell or donate before the move.

Renting a property in Hampshire involves careful planning, understanding your rights and responsibilities, and conducting thorough research. By following these steps and guidelines, you will be better equipped to navigate the rental market, find a suitable property, and enjoy a comfortable and secure tenancy experience.