We have seen the start of the students looking for accommodation for next year. My advise to landlords in Guildford that are looking to rent out a property to students next year is below.
Firstly - Find out NOW if your current tenants are going to re-sign for another year. If they are not, although it feels early, now is the time to start the marketing of your property for August!
We are conducting about 4 viewings a day for students at the moment.
Liaise with your tenants and come to an arrangement for viewings - never assume you can just enter your property when you please.
Make it clear exactly what you are including in the rental price - i.e furniture, bills etc
Check the students all have a UK based guarantor and ensure all parties are aware they will be joint and severally liable before doing any viewings - this saves everyone time.
Check how sure the group is sure of their numbers, at this early stage it could change.
On securing an offer - make sure you take a holding fee and get an agreement to lease at a future date signed.
You should then obtain references for the tenants that want to rent your property AND their guarantor. Do credit checks and get employers references for the guarantors.
All this work can be done by a local Letting Agency in Guildford saving you lots of time and possibly securing youa higher rent whilst giving you peace of mind.
Before the move in make sure all the utility companies are informed, you have a statement of condition and lodge a deposit with a relevant scheme - remember you can be find 4 times the deposit if you dont lodge it correctly!
If you need any further advise on letting any property not just student ones, contact your local Guildford Letting Agent - Belvoir Lettings via www.belvoirlettings.com/guildford or call us on 01483 537200
Specialist Letting agency based in Guildford. Offering Landlords free advice on property sourcing, mortgages, wealth management, tenant placement and property management
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