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information about house rent & advance in London

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jitu
Newly Registered
Posts: 13
Joined: Mon Apr 19, 2010 1:15 am

information about house rent & advance in London

Post by jitu » Tue Mar 15, 2011 3:04 am

Hi,

I'm planning to travel to UK with my wife in June-2011. Hence i would like to know some information about house rentals and advances in London.

I'm planning to find 1 bedroom house in zone 5 or 6. how much would be the rent and advance. Can someone thow some light on this?

And also what are the other things we need to concentrate while travelling (migrating) to UK ?

krazydude
Member of Standing
Posts: 306
Joined: Thu Sep 24, 2009 8:13 am

Post by krazydude » Tue Mar 15, 2011 2:48 pm

There are a lot of factors that affect rental prices -

a) Distance from the Tube Station
b) Condition of the flat
c) Amenities included in the rent.

I would suggest that you use the following sites to get you started -

www.zoopla.co.uk/
www.findaproperty.com/
www.rightmove.co.uk/
www.primelocation.com/

Rent advances are decided by the landlord/letting agency.

kenfrapin
Senior Member
Posts: 601
Joined: Wed May 13, 2009 8:07 pm
Contact:

Post by kenfrapin » Tue Mar 15, 2011 3:35 pm

To add to above post, advance consists of 2 things
1. One month's rent in advance paid when you move in
2. A maximum deposit of 1.5 months rent held in with a legal deposit company like DPS (Deposit Protection Scheme). This is now a mandatory means of holding a persons deposit. There are still some agencies and landlords who take a lower advance and keep the deposit with them but many times, when you move out, you have to fight to get the entire amount back because they levy unnesccesary charges and deduct a lot from your deposit. Some people even run away with it which is why it is now legally protected by companies like DPS.

The deposit is only kept to ensure you make monthly rent payments and pay all utility bills and council tax. If not, then this deposit is used to cover that amount. Also, deposit will be used if you have damaged anything in the property or not kept it as clean as it was when you moved in. Its extremely important to get an Inventory report when you move in that details everything present in the house and the condition its in. This ensures both sides are protected when it comes to leaving the property.

Make a mental note of all this when you plan to take a place. Bottom line is you need approx 2.5 months rent up front of which you should get 1.5 months back when you leave subject you making all payments and keeping the place clean and tidy. Make sure the deposit is kept in a neutral company and you have online access to it. Once you move in and something is not as stated in the Inventory Report then send an email and also take a pic of it for later use.

KP

giuseppenero
Junior Member
Posts: 60
Joined: Wed Mar 02, 2011 2:18 am
Location: italy

security deposit

Post by giuseppenero » Sat Apr 09, 2011 1:32 am

Not advice but just food for thought: Decades ago in Canada, landlords were all up-in-arms when security deposits were outlawed to protect tenants against high move-in costs and unscrupulous landlords. Now the only costs involved are simply the first and last month's rent in advance, with annual interest accrued to the last month's rent, and payable at move-out. No extra security deposits to worry about! It seems the landlords have learned to live with it just fine. Living in Europe now seems like travelling back in time. In Italy, a landlord can ask for as much security as he/she can coerce and still expect a tenant to have the walls repainted upon departure. Unbelievable!

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