Have you been considering moving out and renting a home for the first time? You may be wondering what it means to rent a property in Peterborough. After all. We aren’t taught about renting at school and if you haven’t done it before you might not know what to expect. That’s where this blog can help. Here at AGT Property Management and Lettings we can help first time renters move into rental properties.
Renting a property in Peterborough means that you live in a property that is owned by the landlord. Your tenancy will then be managed by the landlord, or a lettings agent like us. There have been updates to the Renters’ Rights Act. This means that you can rent your home on a rolling basis.
When you rent as home you won’t be responsible for major repairs, like you would if you owned the property. You also won’t be tied into one place long-term when you rent a property, like if you own a house.
We are often asked by first time renters in Peterborough how much it costs to rent a property. Generally speaking, you will need a holding deposit to secure the property. This is usually 1 weeks rent. You will need to pay a deposit for the property too. This is usually 1 month to 5 weeks rent. The first month’s rent will need to be paid in advance too.
When you are renting there may be other things that you need to consider too. This is dependent on the property. For example, a HMO in Peterborough may have some of these costs included in the rent. There will be bills like TV licence, energy, water, WiFi, etc. You may also have to pay council tax, unless you are exempt. There may be other upfront costs such as moving costs and furniture, for example.
Looking to rent in Peterborough? Call our letting agents now and we can talk you through the properties that we currently have available.