How to Rent a Flat in London

It can always be a hassle in finding the right accommodation and quite often, the high costs in a city like London can be daunting. Regardless of the risks involved with setting up a new home from far away, it can be done. London is a dynamic city, and when it comes to renting accommodation, prices and property types are widely varied but be prepared as London is listed as one of the most expensive cities.

Difficulty: Moderately Challenging

Instructions

Things You'll Need:

• References
• Security deposit
• Credit check
• Legal status to reside in the U.K.

1. Begin you search by exploring the Internet and compare prices. Sign up with an agency to be the first to know what properties are on the market. Look for one that specializes in renting London flats. They should have a good selection of private apartments for long and short term. Private flats are the superior alternative to the sinfully expensive hotel rooms while you search for your new dwellings. In the beginning, rent short term. This will give you first-hand experience of a neighborhood and if it fits in your lifestyle.

2. Make sure the agency has experience and is reliable. As rising prices continue, the popularity of renting continues to grow. You do not want to be ripped off which can occur if you act too fast. Location is a priority when it comes to renting. Expect to pay a premium for London near good transport links and low crime rates. Check an area's neighborhood profile for a general guide.

3. Factor in all the monthly costs you need to pay, not just your rent. Unless they're included, you will need to pay for gas and electricity, water, broadband, phone, digital TV and council tax on top of your rent. Additional costs for parking or extra travel expenses may also apply. Also bear in mind that some landlords pass maintenance or service charge costs on to tenants. Demand for renting London flats is very strong so begin your search early and not every district in London is safe, so learn the areas. Besides looking over the databases, make sure you see the places firsthand for yourself and make sure the quote is per month, not per week. If an agent offers you a flat that the price is really low, take heed. It will be too good to be true

4. Secure the property that meets your expectations with a deposit besides the first month's rent. This is usually equivalent to up to two months' rent but is repayable when you leave the property. Under new legislation in the U.K., a landlord is required to place your deposit in a Tenancy Deposit Scheme. Ensure that you are aware of your rights and responsibilities. Check the small print of your contract, including the duration of the tenancy, how much notice either party must give to leave the property and what bills you're responsible for. Double-check that any special requests you've made to the landlord are written into the contract.

Tips & Warnings

• Always remember to check out nearby locations close to you desired area; a few streets can make a big difference in price and atmosphere.
• Do not pay fees in advance of signing a lease or more than the law allows.