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Stress-free Renting with GLP

We’re here to help your journey of renting a home be as easy, and stress-free as possible.
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Tailored Property Alerts Just For You

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our ‘Heads Up Property Alerts’.

In less than 60s watch Megan explain how Heads Up Alert can help you.

rental process

The steps involved when renting your property.

Our team of consultants are here to make renting a home in Central London as easy as possible – here is what you can expect.

  • 1
    Budgeting and Research

    Determine your budget for rent and associated costs such as utilities, council tax, and any potential agency fees. Research different areas where you’d like to live, considering factors like proximity to work, schools, amenities, and transport links.

  • 2
    Property Search

    Sign Up to our GLP Heads Up Alert, register your criteria and you will be sent properties directly to your phone before they hit the portals!  You can also add your details to other UK portals such as Rightmove and Zoopla.

  • 3
    Viewings

    Arrange viewings for the properties you’re interested in. Attend these viewings to inspect the property thoroughly, checking for any damages, ensuring it meets your requirements, and asking any questions you may have.

  • 4
    Making an Offer

    If you find a property you like, you can make an offer to the landlord or letting agent. Negotiate terms such as rent price, lease length, and any additional furnishings or appliances you may require.

  • 5
    Reference Checks

    Once your offer is accepted, you’ll need to undergo reference checks. This typically involves providing personal and financial information, employment details, and previous landlord references. You may also need to undergo a credit check. You can find more details about in the next section,.

  • 6
    Signing the Tenancy Agreement

    If your references check out, you’ll be asked to sign a tenancy agreement. This is a legally binding contract between you and the landlord outlining the terms of the tenancy, including rent amount, deposit details, responsibilities of both parties, and any special conditions.

  • 7
    Deposit Payment

    You’ll be required to pay a security deposit, usually equivalent to several weeks’ worth of rent. This deposit is held throughout the tenancy and is refundable at the end, subject to the property being returned in good condition.

  • 8
    Inventory Check-In

    Before you move in, an inventory check will be conducted to document the condition of the property and its contents. Make sure to review the inventory carefully and raise any discrepancies with the landlord or agent.

  • 9
    Moving In

    Once all paperwork is completed, and the necessary payments have been made, you can collect the keys and move into the property. Take meter readings for utilities, and notify relevant companies of your move.

  • 10
    Regular Rent Payments

    Ensure you pay your rent on time according to the terms of your tenancy agreement. Set up a standing order or direct debit for convenience.

  • 11
    Maintenance and Communication

    Report any maintenance issues to the landlord or letting agent promptly, and maintain open communication throughout the tenancy regarding any concerns or queries.

  • 12
    End of Tenancy

    When you’re ready to move out, provide the required notice period as stated in your tenancy agreement. Arrange for a final inspection and ensure the property is cleaned and returned to its original condition, allowing for fair wear and tear. Your deposit will be returned if all in order.

Frequently Asked Questions

What is a break clause?

A break clause is a part of a lease agreement that allows either the landlord or the tenant to end the lease early under specific conditions. A break clause is discussed and confirmed at the offer stage, so that the tenancy agreement reflects this term. This is tailored to your contract so your GLP agent can explain your specific break clause, so you fully understand before signing.

What bills are included in the rent?

Typically, whether utilities are included in the rent depends on the terms of the lease agreement. Some landlords include basic utilities like water in the rent, while tenants usually pay for electricity, gas, and internet. It’s important to check your lease to see exactly what’s included and what isn’t.

How do you work out a monthly rent based on a weekly price?

To calculate your monthly rent based on a weekly price simply multiple the weekly rent by 52 (weeks in a year) and then divide this by 12 (months in a year). This will give you a monthly rental price.

What happens if I want to leave before the end of the tenancy?

If you want to leave before the end of your tenancy, you should check if your lease agreement includes a break clause that allows for early termination. If it does, you’ll need to follow the specific conditions and notice period outlined in that clause. If there’s no break clause, you might still be able to negotiate an exit with your landlord, potentially involving some form of penalty or finding a
replacement tenant.

What is the normal deposit on a rental property and when is it returned?

A damage deposit is the equivalent of 5 weeks rent, except when your annual rent exceeds £50,000 per annum. At the end of a tenancy an inventory report is carried out to ensure that there are no damages on the property. If no damages or arrears, then your deposit is usually returned to you within 14 days of the tenancy end date. If there are any disputes or deductions, you will be notified within this time frame. If you require further information on the terms of the deposit, please refer to the guidelines for the Deposit Protection Scheme which will be provided to you at the tenancy agreement signing stage.

When will I get my keys? 

You will receive your keys on the start date of your tenancy; however, this is subject to all the move in funds being cleared into our account, referencing complete, right to rent checks verified and the tenancy agreement being signed by all parties.

What documents will I need to provide for referencing?

At Greater London Properties we have an internal referencing team who will advise you every step of the way. Depending on your personal circumstance – for instance if you are a professional, a student, retiree – different documents may be requested – you can find more video content on this HERE. However, in general, the below documents will be requested once you have had an offer
accepted.

  • Passport and Visa/BRP/Share Code
  • Proof of address
  • Your most recent 3 months’ everyday bank statements
  • Your most recent 3 months’ payslips
  • Landlord Reference
  • Employment Reference
  • If you are a student, we require a proof of studies.
  • If you are paying rent in advance, we require proof of savings.

I am a student looking to move in September. When is the best time to start searching for a property?

Properties which are on the market are usually available immediately up to 2 months in advance. A landlord will not keep a property empty for several months whilst they wait for a later move date. So we suggest to look for a property 2 months in advance of your desired move date.

 

For example, if you are looking in September, you need to start searching at the end of June/Beginning of July at the earliest.

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