Renting a property can be daunting, especially as demand for
rental property in Chiswick outstrips supply. Market conditions mean prospective tenants need to be ready to make an offer or face losing their dream property.
Competition is fierce so to secure a tenancy you must have all your ducks in a row to show the landlord and agent that you are a serious bidder. The Association of Residential Letting Agents (
ARLA) has the following advice for prospective tenants.
What do you want?
Draw up a list of ‘must haves’ and ‘desirables’. If a property fails to tick the most of the items on your list don’t waste time viewing it. This will increase your chances of viewing your dream property sooner.
Be flexible
Consider being flexible about viewing times. Most people will view property in the evenings after work or during the weekend. Take time off work to look at property during the day, this will increase your chances of seeing something before anyone else.
View multiple properties during the same appointment. This will help you understand the value of the property and the rental market. You may have to refine your expectations about what your budget will get you in your chosen area.
Prepare your referees
Having this information ready – so the letting agent can conduct the relevant checks – could enhance your chances ahead of those who are not as prepared. References will need to show that you can afford the rent and that you’ve been a good tenant before.
If you are a first time renter, a financial reference and a reference from your employer should be enough, but if you are self-employed you may need a reference from your accountant. Your referees should provide a rapid response to the letting agent as delays at this stage may see the tenancy go to an alternative bidder.
Act quickly
Desirable properties usually get snapped up quickly. So make sure you put in an offer as soon as you find a property that matches your requirements. Procrastination or viewing too many properties may mean you miss out. If you’re renting with others, make sure you can make a joint decision as soon as possible after viewing a property.
Have the cash
Once a tenancy has been agreed you will need to pay a deposit. This can range from four to eight weeks rent. Informing the landlord or agent that you have this ready will help your application.
Use an accredited agent
Ensure you understand the rental agreement and all related fees before making any offers. Seek out an ARLA member such as
OliverFinn for advice. All ARLA agents must adhere to a strict code of conduct, as well as offer client money protection and redress schemes, which protect you if things go wrong.
