When nearing start of the academic year many students will be looking for accommodation for the next year at least. Here are some useful tips to ensure they get the best value accommodation.
Speak to other students before beginning to search for a property or check the college advice websites for information about renting in the area. The cost of the average rent being charges and the amount of accommodation that is available can have a major impact on a budget.
Check that contents are covered on a parent’s home insurance policy while temporarily living away from home. There are a number of available cheap home insurance policies that will insure cover of contents. If the cover is not in place, extend the cover on the parent’s policy or arrange suitable contents insurance on the house that will be rented.
Some landlords, unfortunately do not have the best interest of tenants at heart, so seeking advice from a professional letting agent is advisable, as they have to adhere to a strict code of conduct.
A deposit will be a large payment upfront that will be needed and hidden costs such as utility bills, TV licence and internet access should be factored in to a budget.
Shared tenancies will have a joint and several liability clauses, meaning that co-tenants are responsible for their actions and not just the payment of rent.
Notice periods need to be identified, which is usually a month. Moving out before this period could leave tenants liable to still paying rent.
The student union might be able to offer free housing or legal advice and contract seeking services.