Renting your first property can be a daunting process if you have no previous tenancy experience. Renting a West End property can be even more of a challenge as there is so much to consider.
Below you will find some of the top tips that you should keep in mind when looking for your new W1 property.
Once you have found your perfect property you will have to pay a holding deposit to your West End estate agents. We recommend always using an estate agent that specialises in the area that you want to live.
A holding deposit can vary in amount but is usually equal to two weeks' rent. It can be paid in cheque, cash or by card. After this has been paid, your estate agents will then remove the property from their register and put your offer forward to the Landlord. The property will remain of off the register whilst references are checked. If you decide to pull out of this process at any time then the holding deposit will not be returned. However, if the Landlord withdraws then you should expect your deposit back in full. Once your references have been approved and a tenancy agreed, the holding deposit will be deducted from any other amounts owed.
Before you sign your tenancy agreement contract, ensure that the length of the term is suitable for your needs. Most West End property tenancies last for 12 months with a 6 month break clause written in. If you need to extent the length of the tenancy then you should be able to discuss this with your estate agent / Landlord.
A deposit will be needed in order to secure the tenancy, this is usually the equivalent to six weeks rent. This will be used to compensate the Landlord against any damage you cause to the property or it's furniture - if any - at the end of your tenancy. The deposit will be returned after a report has been given to the Landlord regarding the state of the property after you leave. You should usually wait for upto 30 days after you have vacated the property.
Each tenant is subject to the receipt of references to a satisfactory level. Each reference will need to be approved by your landlord. If you estate agents sub-contract's this work out to an independent credit reference agency, then they will charge you around 50 per tenant. If you need a guarantor in order to secure your West End property, then you will be charged around an extra 30 per guarantor.
As well as your deposit, you will be asked to pay a month's rent in advance. This will usually need to be paid as a Bank's Draft or a Bank Transfer. You will only be able to access the property once these funds have cleared.
Rent needs to be paid on time each month, without demand. If you fail to pay your rent on time you may be subject to interest or legal proceedings.
After you have moved in to your West End property, you will then become responsible for all utility bills - unless otherwise stated. This includes council tax, gas, electrical and water. You are also responsible for any TV licence, broadband and phone line payments. It is your responsibility to notify both the utility companies and the council tax departments of your occupancy of the property as soon as your tenancy begins.
Keys will be provided to each set of tenant on an agreed date. You may not cut another set of keys without the written consent of your Landlord - these keys must then be returned at the end of your tenancy.
Below you will find some of the top tips that you should keep in mind when looking for your new W1 property.
Once you have found your perfect property you will have to pay a holding deposit to your West End estate agents. We recommend always using an estate agent that specialises in the area that you want to live.
A holding deposit can vary in amount but is usually equal to two weeks' rent. It can be paid in cheque, cash or by card. After this has been paid, your estate agents will then remove the property from their register and put your offer forward to the Landlord. The property will remain of off the register whilst references are checked. If you decide to pull out of this process at any time then the holding deposit will not be returned. However, if the Landlord withdraws then you should expect your deposit back in full. Once your references have been approved and a tenancy agreed, the holding deposit will be deducted from any other amounts owed.
Before you sign your tenancy agreement contract, ensure that the length of the term is suitable for your needs. Most West End property tenancies last for 12 months with a 6 month break clause written in. If you need to extent the length of the tenancy then you should be able to discuss this with your estate agent / Landlord.
A deposit will be needed in order to secure the tenancy, this is usually the equivalent to six weeks rent. This will be used to compensate the Landlord against any damage you cause to the property or it's furniture - if any - at the end of your tenancy. The deposit will be returned after a report has been given to the Landlord regarding the state of the property after you leave. You should usually wait for upto 30 days after you have vacated the property.
Each tenant is subject to the receipt of references to a satisfactory level. Each reference will need to be approved by your landlord. If you estate agents sub-contract's this work out to an independent credit reference agency, then they will charge you around 50 per tenant. If you need a guarantor in order to secure your West End property, then you will be charged around an extra 30 per guarantor.
As well as your deposit, you will be asked to pay a month's rent in advance. This will usually need to be paid as a Bank's Draft or a Bank Transfer. You will only be able to access the property once these funds have cleared.
Rent needs to be paid on time each month, without demand. If you fail to pay your rent on time you may be subject to interest or legal proceedings.
After you have moved in to your West End property, you will then become responsible for all utility bills - unless otherwise stated. This includes council tax, gas, electrical and water. You are also responsible for any TV licence, broadband and phone line payments. It is your responsibility to notify both the utility companies and the council tax departments of your occupancy of the property as soon as your tenancy begins.
Keys will be provided to each set of tenant on an agreed date. You may not cut another set of keys without the written consent of your Landlord - these keys must then be returned at the end of your tenancy.
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Want to find out more about West End properties, then visit LDG's site for information on how to choose the best West End estate agents for your needs.
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