 I am moving out for my first time in september i will be oing to college for my first time. Advise Please!!!!! |
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HMG | First Time Renting - need answers help!? |
Thinking of renting for first time ever i havent got a clue on where to go to find out whats involved e.g how much a deposit is, was are the rules, who or where can i go and talk to someone about this and find out everything i need to know
If you can give me any suggestions it would be apreciated!! |
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Moofie's Mom
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Hi!
Yeah, pop into a local estate agents - they will be able to point you in the right direction with regard to letting agents etc.
Don't forget the letting agents can give you all the assistance with finding the perfect place for you too.
Best of luck! |
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united9198
 |
You are to be commended for asking ahead of time. Renting problems have to be the number one area where young people (or their parents) get screwed.
In my experience, landlords who rent to college age people are generally about as close to crooks as you can get. They overcharge and get the novice renter to sign a contract that gives the landlord all the rights and the renter none. They will justify that because they claim that young people are not good renters. They claim that college renters skip out on bills, damage the property, and are short-term customers. Some of that may be true, but I don't see how that gives a landlord the right to take advantage of the situation.
Since what I just said is a fact, you will not likely find anything but a marginal rental property and a very high price if you are a student. That being the case, you should know ahead of time that:
You will have to sign a lease that legally binds EACH signer to the entire contract. If one signer leaks out, the other signers will each be responsible to pick up the slack.
The contract will spell out what you have to do, but will be very vague about what the landlord has to do. You can expect them to be very slow about fixing anything or responding to any issues, while at the same time expecting the place to be pristine clean when you leave in order to get your security deposit back. (unlikely that you will EVER get a full refund of that)
The rental unit parking will be far less than promised. (in fact, any verbal promise is total BS and will never be kept) You will have problems with parking and don't expect the landlord to give a crap or help you.
I hate to lump all landlords into a heap, but I have never met one who rents to students that was different.
Keep your eyes open and make sure you don't get signed up on a contract you can't keep or "friends" who won't pay their share of utilities.
Other than that, have a great time. |
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Dragonfly
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Deposit is determined by the owner or the property company/manager. There is no set fixed deposit for all properties. I would suggest that you start with looking at apartments and different properties in your area with a friend or parent and ask whatever comes to mind. No question is stupid, especially when you are looking at a new place that could potentially be where you will spend a majority of your time. I did this with our daughter when she wanted to move out and asked questions like how much she income was required, credit requirements, what the deposit would be, if they had month-to-month or fixed lease terms, and what their rules were as far as noise ordinance for the area and such. This was such an eye opener for her that she soon realized she wasn't able to afford to live on her own and now just rents a room and doesn't have to pay utilities and all the other expenses that come with having your own place. Good luck to you and hope this helps! |
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Jenn
 |
Be aware of letting agents, many are just out to make money from the young. I had a brush with a bad one recently who tried to railroad me into signing a contract even after I asked to take it away to get it looked at legaly (which is my legal right). I simply walked out of the office.
Make sure you get any written promises in writing (AND SIGNED!) before you hand over any money.
See if your college or university can check over any tennacy agreements before you sign. If not take it away and have your parents have a careful look at it.
Make sure you have enough money coming in for bills and rent (remember things like internet) as well as food, travel ect.
If your sharing a room, make sure you get insurance and a lock on your door so your stuff is safe while your out. Also make sure all tennents are named on the general bills and you have the spilt of money in writing. |
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smurf proof
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I think a months rent is normal for a deposit, and 1 months notice to leave. Check the local paper classifieds to rent a room or to move in with strangers looking for a flatmate (will mostly be furnished places). Agencies offer mostly unfurnished places.
If you have doubts about the landlord or potential new flatmates go somewhere else. |
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etherialdowntime024
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find a place, call the owner, read the fine print...twice |
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Ellie
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I assume you are UK based as this is the UK board. It also depends on where you live. For instance here in Hampshire you have to a months rent plus 6 weeks rent for the deposit. You have to money for fees - the agent will usually charge for credit checks etc- ours charges £250.00 per person- its disgusting. They will need bank refs and a personal reference possibly. They need to know you can pay the rent.
Down in the West Country you can rent much cheaper, agents fees are lower and in some cases non-existent. They also require less in terms of deposit or key money.
You can go to letting agents or you can go private- local ads in local papers. Or visit your local authority and ask if they can let you have a list of registered landlords.
I would advise you look at the www.shelter.org site who has brilliant advice on renting.
EDIT- just read someone elses answer getting your deposit back is a piece of cake- its only difficult if you have been a bad tennant. Even then landlords are not allowed to keep deposits and a new law recently put in place protects your deposit. |
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goz1111
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first the landlord will request a background check, next most landlords require the tenant to earn three times the monthly rental payment, as toward security deposit each state is different it can range from 1.5 times rental to 3 times rental |
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Teresa
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1. Deposit/security is usually the same as one month's rent. So you need twice as much.
2. Don't rent in a ghetto, or an area without public transportation (I don't care if you have a car....what if it is in the shop and you have to get to work and have no other way...a bus route nearby is nice.)
3. Don't rent an apartment with broken windows, old-fashioned single paned windows, or no insulation in the house unless you will never have a need for a furnace or warmth because you live down South or out west.
4. Try to get water included.
5. If appliances are included, save your money to eventually get your own. Most likely, the landlord's appliances have been abused or are old and either run inefficiently or will suck your electricity/gas.
6. DON'T RENT AN APARTMENT THAT RUNS ON ALL ELECTRIC unless natural gas is not an option where you live. I had baseboard electric heating and electic hot water tanks and my bills were atrocious and the apartment was always cold.
7. Most important, try to rent a place that is owner-occupied. Chances are, if the landlord lives upstairs or downstairs, they take much better care of their property than some scum who lives five suburbs away. No, you can't have loud out of control drinking parties, but if you are ready to MOVE OUT AND STAY OUT on your own, it is time to give that life up anyways and be a responsible adult. |
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jimbo_thedude
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For a privately rented place, you can assume the deposit is going to be between 3 and 4 weeks rent. You will need references from people that can assure the landlord that you are reliable with the rent and you will not trash the place.
Big companies tend to be over priced but usually are good with service on things like boiler break downs and modern facilities, whilst some lone operaters will leave you for weeks whilst not asking for much money.
If this is you r first time renting, maybe you should consider buying. Even if house prices go down in future, they won't go down much as land is going to stay at a premium ( at least in England ). |
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rage707_666
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You can find a place to rent on www.gumtree.com or university student forums, which usually have an accommodation subsection. If you're a student, you may save quite a lot of money, as students are not liable for council tax payments (even if sharing premises with non-students).
Not all landlords charge a deposit. Deposits are usually equal to the value of one month's rent. Getting your deposit back isn't that easy, as for instance the landlord at the end of your stay may decide that there has been a lot of damage to his property and may then decide to keep your deposit, even though the damage was done by other tenants. It's hard for you to prove this one way or the other. Keep good records for yourself - and inform the landlord as soon as anything happens, and who's to blame.
There's a lot of variation within the renting world.
Some tenants split bills equally; others pay for what they use personally (e.g. one tenant may only stay Mon-Fri and pay less for fuel bills). Some tenants cook dinner for each other; others are reclusive and label their food religiously.
You don't need to know much to begin your career as a tenant. You'll learn a lot as you go, though, not least about human nature, as your fellow tenants leave you with massive bills!
Email/message me if you want more advice as I'm a landlord. |
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