Date Published 05 February 2024
Ten Things You Need to Know Before Renting a Property
Liverpool, famed for its maritime history, vibrant culture, and The Beatles, is now among the most sought-after cities in the UK for renters. Whether you're attracted by its rich heritage, buzzing nightlife, or friendly Scouse charm, renting a property in this dynamic city is an experience in itself.
But, just like in any major city, diving into the rental market requires a bit of know-how to ensure you get the most out of your new home. After all, a misstep in the rental process can lead to unnecessary stress or missed opportunities. Keep reading to learn ten things you should know before renting a property in Liverpool.
1. Choosing the right location
Liverpool boasts a diverse tapestry of neighbourhoods, each offering its own unique charm and character. Recognising which district resonates with your lifestyle can significantly enhance your living experience.
Your daily routine, workplace, or university location also play pivotal roles in your decision-making. You'd want easy commutes and nearby amenities that fit your everyday needs. Furthermore, the safety of the neighbourhood and its proximity to parks, shopping, or entertainment hubs should align with your priorities.
2. Monthly outgoings
Beyond the obvious monthly rent, there are utility bills such as electricity, water, and gas, as well as potential costs for internet and cable services. Being informed about these regular expenses is crucial to avoid any surprises.
When scouting for a property, request an estimate of average monthly bills from the landlord or the previous tenants. This offers a clearer picture of your total monthly expenditure, helping you budget effectively.
3. Does the property have everything you need?
When considering a rental property in Liverpool, listing your non-negotiables is essential. Think about the number of bedrooms, safety features, proximity to public transport, parking availability, kitchen amenities, or even the luxury of an en-suite bathroom.
If you're considering growing your family or adopting a work-from-home routine, does the property cater to those eventualities? It's always wise to think ahead and ensure your chosen property can accommodate your present and potential future requirements.
4. Rules around pets
Before signing any lease, it's paramount to clarify the property's pet policy, which can range from complete prohibition to specific pet deposits or monthly fees. Furthermore, even if a property advertises as "pet-friendly,' understanding the finer details is essential. This means knowing whether there are restrictions on the type of pet, weight limits, or requirements for pet-related insurance.
5. Interior decorative changes that can be made to the property
However, most rental agreements in Liverpool will have specific clauses about the extent of decorative changes allowed. Whether it's painting the walls a different shade, installing new light fixtures, or adding removable wallpaper, always consult the agreement or your landlord.
Many landlords are open to minor changes as long as the property can be easily reverted to its original state upon your departure. Before making any alterations, get written permission, ensuring that any changes won't jeopardise your security deposit or violate the lease terms.
6. End-of-term expectations
You should recognise your end-of-term responsibilities when the curtain falls on your tenancy. These are usually outlined in your rental agreement and typically include ensuring the property is returned in the same condition you received it, barring general wear and tear.
Additionally, be proactive in communicating with your landlord as the end of your tenancy nears. Arranging a final inspection and being clear about the process for returning keys can facilitate a smooth transition.
7. The required rental deposit
Since June 1, 2019, a cap has been instituted on the deposit tenants must pay at the onset of their tenancy. For properties with an annual rent below £50,000, you'll be expected to pay a maximum of five weeks' rent as a deposit. However, if the annual rent exceeds £50,000, this deposit cap extends to six weeks' rent.
Protection of your deposit is another crucial aspect to familiarise yourself with. Legally, any deposit you pay must be 'protected' in a government-approved scheme throughout the tenure of your tenancy. If you find it challenging to raise the deposit, you can use a bond or guarantee scheme that can assist in gathering the necessary funds, making the moving process more manageable.
8. Procedure to follow when using a letting agency
Engaging with a reputable letting agency like Marshall Property can simplify your Liverpool rental journey. However, you should understand that there are procedures involved. Upon selecting a property, you'll fill out a referencing form and provide a holding deposit, equivalent to one week's rent.
This gives you 15 days to finalise references and sign a contract, but if you need a guarantor, they, too, should undergo referencing. Marshall's approach is thorough: besides personal details, we'll examine financial and employment backgrounds, conduct a credit check, and liaise with previous landlords.
9. Length of tenancy
At the very least, a landlord has to let you stay for a minimum of six months. Typically, most landlords in the city offer fixed-term tenancies, usually for 6 or 12 months.
But there's room for flexibility, as you can negotiate for a longer duration if that's what you desire. Alternatively, after the initial six months, you might find landlords open to 'rolling' tenancies, where your lease renews weekly or monthly. This arrangement can offer you the adaptability you crave without locking you into a long-term commitment.
10. The necessary documents
As you prepare to embark on your renting journey, gather all the documents you'll need to streamline the rental process. Landlords and letting agents are responsible for verifying certain aspects of potential tenants. At the very least, they'll want to confirm your identity. This typically means presenting valid identification, such as a passport or driver's licence.
They may review your immigration status to ensure your legal right to reside in the UK. A check on your credit history provides insights into your financial reliability, giving landlords confidence in your ability to meet rent obligations. Some may even delve into your employment status, seeking proof of steady income or employment confirmation.
Let Marshall Property Help You Find Your Next Home
Finding the ideal rental property in Liverpool requires attention to detail and preparation. At Marshall Property, we boast an extensive selection of rentals spanning Liverpool, Merseyside, and the Wirral. Whether you're drawn to contemporary apartments, traditional houses, or chic flats, our portfolio promises something for everyone.
Check out our available rental properties in Liverpool, and when you spot a potential new home, don't hesitate to get in touch. Our approachable agents are on hand to guide you, ensuring your next move is smooth and hassle-free.
