Money saving tips

Published on March 15th, 2014 | by Falcon


Important Considerations When Renting A Property In Edinburgh

One of the most stressful experiences we can go through is moving house/flat.  If you are planning a move and are looking at property to rent Edinburgh, you will want this to be as less stressful as possible.  In order to help you in this regard, there are some things that you should take into consideration which we will discuss below.

Consider Your Budget Before Looking

There is no point in looking at rental properties if you have not even worked out how much rent you can afford.  Work this out first and then look, but remember to figure into your calculations that as well as the monthly payments, you will also be required to pay a deposit of one month’s rent and make an advance payment of the first month’s rent as well.

Factor In The Hidden/Extra Fees

Often letting agents and estate agents will require that tenants cover the cost for a credit check and other associated admin fees.  This can be anything from £40 to £100.

Read The Terms And Conditions Carefully

Many people sign contracts and purchase goods and services without properly reading the terms and conditions.  It is important that you don’t do the same when renting a property.  Pay close attention to the tenant and landlord obligations in regards to renewal costs and processes, respective liabilities, along with the maintenance and care of the property.

Who Is Responsible for Maintenance?

Always check that you are fully aware of who is responsible of what when it comes to maintaining the property.  If there is maintenance work that needs doing at the time you are viewing the property, ensure that this is done before you sign a contract.  It may be that you have it written into the contract that the landlord is going to sort the maintenance work or that you negotiate a lower rent charge until it is sorted.  Often things like boilers and windows are overlooked.

Depending on when you plan to move into a property, you need to keep in mind the bigger picture.  Windows not opening properly my not be a problem during the cold winter, but during the summer it will be.  In the same way, you may not need to use your central heating boiler much during summer, but you definitely will.  Ask for documents that prove they have fully maintained.

Be Aware Of The Inventory

The inventory lists everything that is the landlord’s property when you move into a property.  Familiarise yourself with this, as this will be used to determine if anything has been damaged and who is responsible for paying for replacements.  To avoid being ripped off, take photographs of everything mentioned in the inventory to show what it looked like when you first moved in.  Send these in an email to your letting agent so that there is a record of these on your file in case you need to prove you are not liable for any extra charges.

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