What you need to know about before renting a property

As 2018 draws to a close, many of us will be going into the New Year with resolutions and goals that we want to achieve. For some of us the New Year often means moving house or renting a property whilst building the funds for a deposit towards a house. It’s no secret that it takes a long period of time to save for a house deposit; meaning many people will opt for renting a property for the short term. Renting has its good and bad points so if you’re looking at renting your first property instead of buying; below are some areas you need to explore.

Make sure you’re covered

It may seem like an obvious point, but making sure you have the correct insurance in place is a must. There are many different companies who specialise in tenant’s insurance, such as homelet.co.uk. Before taking out any cover, it’s important to shop around and see what each policy offers and what exactly it covers. Some tenants will opt for the cheaper insurance policy but this isn’t always the best move. Shop around and seek professional advice to ensure you’re covered for any damage or legal implications that may arise when renting.

Following the rules of the property

There are some downsides to renting and the most obvious one is the restrictions when it comes to putting your own stamp on the property. Most landlords won’t allow many changes being made to the property so it’s best to find out all of the information before you consider moving in. Another area to consider when renting a property is whether the landlord will allow pets or not. The majority of renting properties won’t allow pets in the building, so if you have pets or are considering getting one; this question is a must.

Get professional advice

Renting for the first time can be pretty daunting, especially when it comes to the legal side and signing contracts. If you’re not confident with legal documents then it’s best to ask for professional advice when it comes to checking over the contract, so you can fully understand all of the terms and conditions. Whether you’re used to dealing with contracts or not, it’s best to seek professional advice anyway, just to be on the safe side and make sure everything has been covered.

Renting can be a lot easier than buying a property and does have many benefits. Before you consider moving into a house or flat, it’s important to make sure you have asked all of the important questions and asked a professional to go over all of the legal documents, so you can be assured everything has been covered.

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