The new academic year is just around the corner with university students moving into their new accomodation within the next few weeks.
Unless you’re returning to university, this could be the first time you’re renting, so you may not be familiar with the whole process or even what to look for. Don’t panic - we have some tips to help you get to grips with the process and ensure everything is in order.
1. Make sure everything is as you need it
It’s likely you’ll live in the same place for the whole academic year, if not longer. If you’re returning next year you could very well end up in the same place again. While property essentials may consist of a cooker, a bed and a shower, make sure you have a good idea of what you want before committing to anything.
Is it within walking distance of your campus? What are the transport links like? How fast is the internet in the area?
2. Keep your money in check
You’ll probably find this one out quite quickly, but money is important, so make sure you budget for the essentials like internet, TV, water, gas, electric, phone, food and other household items.
A simple tool like a spreadsheet can help you, or you could easily find an app to help you manage this. Some of the newer fintech banks, like Starling Bank or Monzo allow you to set up ‘money pots’ to put money aside for things. It can be a great way to see how you’re spending your money too.
3. Ensure everything is legal and above board
There are a few legalities that your landlord will need to cover. Chances are, if you’re using an agent, this will all be in place. But it’s still good to check.
If your house is split into several rentable units (known as a HMO, House of Multiple Occupancy), then your landlord will need to have a license. Things such as a gas safety certificate, deposit protection details and an EPC (energy efficiency) should also be provided. Other local authority licenses may also be required, so it’s worth double check with the local authority, or even the university or student union who are likely to know more about this.
If your landlord uses Reoli to manage their tenancy, you can find all this in your tenant portal, so it’s always there if you need it.
4. Agree bill sharing up front
If you are sharing a house with others, make sure you agree to the same costs to save yourselves headaches later on. Like the banking apps above can help with split bills, you can also use apps like PayPal and PingIt, or just Paym to send money to each other to cover the bills.
And don’t forget the studying…
Of course, the studying needs to be a part of your new life too, so don’t forget to plan time for that!
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