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If you are on a tight budget then renting directly from a landlord is often the cheapest option. However, cutting the expert out of the loop is not always the easiest route to take. The experience and knowledge of a local Estate Agent for the market, area and rental legalities are often invaluable. If you do decide to follow this route it is especially important that you do your own research - getting to know the area and the market value, and /or seek professional advice where necessary before rushing into anything.

• Draw up a list of potential locations and then circum navigate around them before committing to anything or signing a tenancy agreement.
• Consult the classified sections of local newspapers and specialist advertising papers, such as Loot to find the accommodation listings and visit at least five places before you commit.
• Read your tenancy agreement carefully and seek professional advice if you are concerned about anything.

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Renting through a letting agent

The safer option although slightly more expensive, would be to rent through a Letting Agent. Not only do agents ensure that all the legal requirements are met, they can also provide you with invaluable advice about locations and prices.

You will find two or three different Estate Agents ‘shops’ on most high streets in the UK. Ask what administration fees they charge and about any other additional cost you might have to pay for before using them in your accommodation search.

Tenancy Agreement

The tenancy agreement is a contract between you and the landlord/Estate Agent which gives certain rights to both of you - for example, your right to occupy the accommodation and your landlord’s right to receive rent for letting the accommodation.

Most landlords and Estate Agents ask for a month’s rent as a deposit and a months rent in advance. The deposit will be held by your Estate Agent or landlord and be given back to you after you have moved out and the property has been inspected. Any damage or repair will be deducted from your deposit.

Most rental agreements are for 6 or 12 months so be sure to read the terms of the contract carefully. Some landlords may ask for a fee, which will be deducted from your deposit, if you leave the property before the agreed time.

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