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A clear, impartial guide to 
Renting a 
property 
For use in England, Wales and Northern Ireland 
rics.org/consumerguides
Contents 
How an RICS letting agent can help you rent a property...............................3 
The process............................................................................................................4 
Finding a property to rent...................................................................................5 
Role of the letting agent .....................................................................................6 
Agreeing the let.....................................................................................................7 
Moving in................................................................................................................9 
Energy Performance Certificate..................................................................... 10 
Tenant’s checklist.............................................................................................. 11 
Useful links.......................................................................................................... 12 
Free RICS guides................................................................................................ 14 
Further information.......................................................................................... 15 
Find a Surveyor.................................................................................................. 15 
2
rics.org 
How an RICS letting agent 
can help you rent a property 
When you rent a property, 
you can take advantage of 
expertise from the outset 
by using an RICS letting 
agent who follows the 
standards set out in the 
RICS UK Residential 
Property Standards. 
Many letting agents throughout 
the UK are RICS members. Here are 
the advantages of using an RICS 
regulated firm: 
• they give you clear, impartial and 
expert advice 
• they act in your interest 
• they adhere to the law, including ensuring 
your deposit is protected 
• they follow strict rules of conduct – including 
having insurance to protect you 
• RICS members have a specific set of rules 
and best practice guidance, the RICS UK 
Residential Property Standards designed to 
help ensure RICS letting agents provide 
exceptional service 
• RICS members have to update their skills and 
knowledge throughout their careers, so you 
can rely on their expertise 
• you are protected by a complaints procedure 
and access to independent redress, for 
example through an Ombudsman scheme. 
Look out for firms that are ‘Regulated by RICS’ 
and that follow the standards laid out in the 
RICS UK Residential Property Standards. 
Lettings and managing agent firms that are 
regulated by RICS are easy to spot as they use 
‘Regulated by RICS’ on their stationery and 
promotional material. 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 3
The process 
Once you have in mind the type of property you 
are looking to rent, here is the process you need 
to follow to secure your property: 
Finding a property to rent 
There are a number of factors to consider before 
finding a property to rent. These will largely 
depend on your personal circumstances, 
preferred location and personal needs. 
You will want to look at what is available and you 
will find these advertised on the property internet 
portals. Most agents use these to advertise the 
property they have available. 
Role of the letting agent 
Once you are interested in a property, check the 
letting agent is an RICS member and that the 
firm is ‘Regulated by RICS’. This will ensure that 
you are treated fairly, can rely on the information 
you are given and that you and your money are 
protected. There are a large number of letting 
agents who are unregulated and extra care 
should be taken when dealing with these agents. 
Agreeing the let 
Once you have found a suitable property, you will 
have to agree the terms of the let which may 
involve some negotiation. Once the terms are 
agreed, formal documentation will be drawn up 
setting out the terms and conditions of the let 
This will need to be signed by both you, as the 
tenant, and the landlord. 
Moving in 
You will not be able to move in until you have paid 
your deposit, first month’s rent and any fees. 
4
Finding a property to rent 
Whether you have rented 
before or this is your first 
time, when you rent a 
home there is a lot to 
think about: 
Does the property meet 
your needs? 
Many factors need to be considered including: 
• cost – both the cost of setting up the 
tenancy, as well as how much the rent is and 
how much you will need to pay extra for bills, 
such as council tax and utilities? 
• location – is it close to shops, doctors, 
schools etc? Is it a safe neighbourhood? 
• infrastructure – are there good transport 
links e.g. trains, buses etc? 
• size – will the property accommodate your 
needs? For example, are there sufficient 
bedrooms or number of bedrooms required? 
rics.org 
What type and length of tenancy 
do you need? 
If the rent on the property is less than £100 000 
per year and you do not live with the landlord, 
the tenancy automatically becomes an Assured 
Shorthold Tenancy (AST). An AST usually lasts for 
six to 12 months but you can agree a longer 
fixed term tenancy with the landlord. If you 
choose a longer period the landlord might ask 
for the rent to be increased part way through the 
tenancy. Take care not to commit to a longer 
tenancy unless you can negotiate a surrender of 
it. There may be a cost and you are likely to be 
liable for the rent for the full term of the tenancy. 
What happens at the end 
of the tenancy? 
When the fixed term of the tenancy has expired, 
the landlord is able to gain back possession of 
the property provided they give two months 
written notice to the tenant. In addition, if you 
owe at least two months or eight weeks rent, the 
landlord can apply to the court for possession 
and an order for payment. 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 5
What can you afford? 
Before you even look at a property, work out 
what you can afford by looking at what your 
basic outgoings are likely to be. 
For instance: 
The monthly rent £ 
The cost of getting your references £ 
Inventory and tenancy agreement costs £ 
The deposit and any miscellaneous costs £ 
Council tax £ 
Water rates, gas, electricity and telephone charges £ 
TV licence £ 
Insurance for your belongings £ 
Total £ 
Role of the letting agent 
You can find property to rent by 
looking at property internet 
portals, the individual agents’ 
websites or by going to estate and 
letting agents in the area you are 
looking to move to. 
Some agents still advertise in the rental property 
section of local newspapers but this is becoming 
rare. When you find a place to rent, it will be 
managed either directly by the landlord or more 
likely by the letting agent. 
6 
Even though the agent is instructed by the 
landlord, he is required to treat you fairly but 
check whether the agent is an RICS member as 
they adhere to the RICS UK Residential Property 
Standards. It is also advisable to ask whether the 
agent is a ‘sole agent’. If not, other agents may 
be trying to let the same property.
Agreeing the let 
When you find a property, before 
you sign anything you should: 
• look at the property – is it clean, what kind of 
condition is it in and does anything 
need repairing? 
• find out what furniture, carpets, curtains and 
other equipment is included in the rent 
• find out what your responsibilities are, 
particularly at the end of the tenancy, such 
as employing professional cleaners or 
replacing broken furnishings. 
Health and safety requirements 
You should check and get assurances or 
certificates from the landlord that the property 
complies with these regulations: 
• Furniture and Furnishing (Fire) (Safety) 
Regulations 1988 
• Gas Safety (Installation and Use) 
Regulations 1998 
• Smoke Detectors Act 1991, (if the property 
doesn’t have smoke alarms ask if they can 
be installed) 
• Electrical Equipment (Safety) 
Regulations 1994. 
Visit the Department for Communities and Local 
Government website, or the relevant devolved 
government departments, for more information. 
In addition, you are advised to check whether 
electrical appliances have been PAT tested 
(Portable Appliance Testing) by the landlord. 
rics.org 
References 
Once you have found a property, you will need to 
agree the terms and conditions with the 
landlord. For these purposes you will need to 
supply the landlord with the relevant information 
and ensure you sign the necessary paperwork 
required for renting the property. 
Becoming the tenant usually takes anywhere 
from a few days to three or four weeks. 
Before you sign anything, the landlord or agent 
should provide you with a clear statement of 
rent, tenancy, deposit and any costs of setting 
up the tenancy. This includes the administration 
costs of getting your references. The letting 
agent will get references by contacting either: 
• your bank 
• credit referencing agencies 
• current and previous employer(s) 
• current and previous landlords(s). 
If you are self-employed you may need to provide 
copies of trading accounts and an accountant’s 
reference. Even if someone is going to be your 
guarantor you will still need references. 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 7
Tenancy agreement and deposit 
Once the letting agent and the landlord have 
approved your references you can sign the 
tenancy agreement. Before signing, read and, if 
necessary, get professional advice on any 
documents you are asked to sign. Check the 
paperwork mentions the following 
important points: 
• length of tenancy – most lettings are 
8 
Assured Shorthold Tenancies (ASTs) 
• how often and when to pay rent, as well as 
any other costs 
• what the deposit is – usually either a month’s 
rent or the equivalent of six weeks rent 
• how the deposit will be held. Tenancy Deposit 
Protection requires anyone holding a tenancy 
deposit (either a landlord or managing 
agent) to belong to an authorised scheme 
which protects the deposit during the 
tenancy and deals quickly and independently 
with any dispute over its return at the end of 
the tenancy. 
Your landlord or agent must tell you within 14 
days of you handing over the deposit which one 
of the three authorised schemes your deposit is 
protected by and provide you with details of the 
scheme. For more details on the authorised 
schemes in England, Wales and Northern Ireland 
please visit www.rics.org/tds 
You should also agree with your 
landlord/ letting agent: 
• how you will get the deposit back at the end 
of the tenancy 
• how much, and who will pay for, work at the 
end of the tenancy, such as checking the 
inventory, renewing the agreement or 
cleaning the property 
• the contact details of the manager 
responsible for the property 
• whether gas, electricity and other services 
have been connected and that meters have 
been read. 
In addition: 
• your landlord must, by law give you an 
address in England and Wales where notices 
relating to the property can be served 
• legislation prevents you being discriminated 
against because of sex, race, sexual 
orientation, age, religion, marital status 
or disability. 
Landlord registration 
In some parts of the UK private landlords must 
apply for registration to ensure they are fit and 
proper persons to let property. Registration is 
intended to make sure that all landlords meet 
minimum standards and will remove the worst 
landlords from the sector. If registration applies 
in your area check your landlord is registered.
Moving in 
You will not be able to move in until 
you have paid your deposit, first 
month’s rent and any fees. Once on 
your way, this can be a very 
exciting time and it’s very easy to 
forget a few important things: 
• agree the inventory, which will set out the 
current condition of the property, the fixtures 
and fittings and, where applicable, the 
landlord’s furniture and other contents. This 
will help to avoid any disputes at the end of 
your tenancy 
• insure your own belongings at the property 
– the landlord’s insurance will not provide 
cover for them 
• make sure you know how all equipment in the 
property works and you have their manuals 
• find out the telephone number for the various 
emergency maintenance services 
• tell your gas, electricity, water and telephone 
companies the day you move in, making your 
own note of the meter readings 
• if you are responsible for council tax, speak 
to your local authority 
• you may also want to speak to your local 
Neighbourhood Watch co-ordinator or the 
residents’ association if the property is in a 
block of flats. 
rics.org 
Looking after your rented property 
You will need to pay for fixing or replacing any 
damage to the property while you are renting it, 
otherwise it comes out of your deposit. So return 
the property to the landlord at the end of the 
tenancy in the same condition as at the start, 
allowing for fair wear and tear. 
Remember, if you are away, for whatever reason: 
• you still need to pay rent on the right date 
• you are responsible for keeping the 
property secure 
• make sure the property is not damaged by 
the weather 
• let your insurer and your landlord know so 
that insurance arrangements can be made 
• give the landlord emergency contact details. 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 9
Energy Performance Certificate 
All homes being let will 
require an Energy 
Performance Certificate 
(EPC). The EPC is broadly 
similar to the labels now 
provided with domestic 
appliances such as 
refrigerators and 
washing machines. 
10 
Its purpose is to record how energy efficient a 
property is as a building. The certificate provides 
a rating of the energy efficiency and carbon 
emissions of a building from A to G, where A is 
very efficient and G is very inefficient. 
EPCs are produced using standard methods with 
standard assumptions about energy usage so 
that the energy efficiency of one building can 
easily be compared with another building of the 
same type. This allows prospective tenants to 
see information on the energy efficiency and 
carbon emissions so they can consider energy 
efficiency and fuel costs as part of 
their investment. 
An EPC is always accompanied by a 
recommendation report that lists cost effective 
and other measures to improve the energy 
rating of the home. The certificate is also 
accompanied by information about the rating 
that could be achieved if all the 
recommendations were implemented. 
Check whether there is a Green Deal loan on the 
property. This will have been for the installation 
of energy efficiency measures which should 
reduce the running cost of the property. 
However, the loan repayments will be reflected 
in slightly higher electricity bills.
Tenant’s checklist 
Here’s a brief summary of 
the various costs you will 
have to consider when 
you rent a property: 
Insurance 
The landlord is most likely to obtain building 
insurance for the property although it is up to 
tenants to insure their personal possessions. 
It is advisable to check with the landlord what 
exactly is covered in the policy. Ensure you 
inform the landlord or the agent promptly of a 
potential claim on the policy, as a delay may 
invalidate the claim. 
Letting agent’s charges 
The letting agent may make an administration 
charge for processing the application and for 
completing the relevant paperwork, including 
the recommended inventory. 
rics.org 
Reference costs 
There is likely to be a cost made for credit 
referencing services in order to undertake the 
necessary credit checks and references. 
Removal 
The cost of moving will vary depending on how 
many belongings you have and how far you are 
moving. If using a removal company make sure 
they are insured for any loss or damage to 
your possessions. 
Services 
You should not need to pay to have gas, 
electricity and water reconnected or transferred 
into your name but there may be a charge for 
connecting or reconnecting the phone. 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 11
Useful links 
Here are some useful 
website addresses for 
advice when you’re 
renting a property: 
12 
RICS 
www.rics.org 
Department for Communities 
and Local Government 
www.gov.uk/dclg 
Northern Ireland Executive 
www.northernireland.gov.uk 
HM Revenue & Customs 
www.hmrc.gov.uk 
Local councils 
www.gov.uk 
National Approved Letting Scheme 
www.nalscheme.co.uk 
Residential Property Tribunal Service 
www.justice.gov.uk/tribunals/ 
residential-property
rics.org 
Tenancy Deposit Schemes 
England and Wales 
The Dispute Service 
www.thedisputeservice.co.uk 
My Deposits 
www.mydeposits.co.uk 
The Deposit Protection Scheme 
www.depositprotection.com 
Northern Ireland 
Letting Property Services 
www.lettingprotection.com 
My Deposits 
www.mydeposits.co.uk 
TDS Northern Ireland 
www.tdsnorthernireland.com 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 13
Free RICS guides 
RICS has a range of free 
guides available for the 
property issues listed here. 
Development issues 
Compulsory purchase 
Home extensions 
Home hazards 
Dilapidations 
Flooding 
Japanese knotweed 
Subsidence 
Neighbour issues 
Boundary disputes 
Party walls 
Right to light 
Residential 
Buying a home 
Buying and selling art and antiques at auction 
Home surveys 
Letting a property 
Property auctions 
Renting a property 
Selling a home 
14
Further information 
We hope this guide is 
useful to you. If you’d like 
to know more about 
renting a property, or how 
RICS can help, please 
contact us. 
rics.org 
Visit our website 
rics.org/consumerguides 
alternatively email 
contactrics@rics.org or call the 
RICS Contact Centre 02476 868 555 
Consumer helplines 
RICS offers telephone helplines giving 
you 30 minutes of free advice on: 
• Boundary disputes 
• Party walls 
• Compulsory purchase. 
Just call 02476 868 555 and you will be put in 
touch with an RICS member local to you, willing 
to provide a free 30 minute initial consultation. 
Lines are open 
0830 –1730 (GMT), Monday to Friday. 
Find a Surveyor 
Contact us if you want 
to find independent, 
impartial advice from a 
qualified professional with 
good local knowledge. 
Look out for firms that are ‘Regulated by RICS’. 
Estate agents and surveying firms that are 
regulated by RICS are easy to spot as they use 
‘Regulated by RICS’ on their stationery and 
promotional material. 
To find an RICS firm in your area visit 
www.ricsfirms.com 
alternatively email 
contactrics@rics.org or call the 
RICS Contact Centre 02476 868 555 
A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 15
Advancing standards in land, property and construction. 
RICS is the world’s leading qualification when it comes to professional 
standards in land, property and construction. 
In a world where more and more people, governments, banks and commercial 
organisations demand greater certainty of professional standards 
and ethics, attaining RICS status is the recognised mark of property 
professionalism. 
Over 100 000 property professionals working in the major established and 
emerging economies of the world have already recognised the importance of 
securing RICS status by becoming members. 
RICS is an independent professional body originally established in the UK by 
Royal Charter. Since 1868, RICS has been committed to setting and upholding 
the highest standards of excellence and integrity – providing impartial, 
authoritative advice on key issues affecting businesses and society. 
RICS is a regulator of both its individual members and firms enabling it to 
maintain the highest standards and providing the basis for unparalleled 
client confidence in the sector. 
RICS has a worldwide network. For further information simply contact the 
relevant RICS office or our Contact Centre. 
RICS HQ 
Parliament Square, London SW1P 3AD 
United Kingdom 
Worldwide media enquiries: 
e pressoffice@rics.org 
Contact Centre: 
e contactrics@rics.org 
t +44 (0)24 7686 8555 
f +44 (0)20 7334 3811 
Asia 
Room 2203 
Hopewell Centre 
183 Queen’s Road East 
Wanchai 
Hong Kong 
t +852 2537 7117 
f +852 2537 2756 
ricsasia@rics.org 
Oceania 
Suite 2, Level 16 
1 Castlereagh Street 
Sydney, NSW 2000 
Australia 
t +61 2 9216 2333 
f +61 2 9232 5591 
info@rics.org.au 
Americas 
One Grand Central Place 
60 East 42nd Street 
Suite 2810 
New York 10165 – 2811 
USA 
t +1 212 847 7400 
f +1 212 847 7401 
ricsamericas@rics.org 
Middle East 
Office G14, Block 3 
Knowledge Village 
Dubai 
United Arab Emirates 
t +971 4 375 3074 
f +971 4 427 2498 
ricsmenea@rics.org 
South America 
Rua Maranhão, 
584 – cj 104 
São Paulo – SP 
Brasil 
t +55 11 3562 9989 
f +55 11 3562 9999 
ricsbrasil@rics.org 
India 
48 & 49 Centrum Plaza 
Sector Road 
Sector 53, 
Gurgaon – 122002 
India 
t +91 124 459 5400 
f +91 124 459 5402 
ricsindia@rics.org 
United Kingdom 
Parliament Square 
London SW1P 3AD 
United Kingdom 
t +44 (0)24 7686 8555 
f +44 (0)20 7334 3811 
contactrics@rics.org 
Africa 
PO Box 3400 
Witkoppen 2068 
South Africa 
t +27 11 467 2857 
f +27 86 514 0655 
ricsafrica@rics.org 
Europe 
(excluding United 
Kingdom and Ireland) 
Rue Ducale 67 
1000 Brussels 
Belgium 
t +32 2 733 10 19 
f +32 2 742 97 48 
ricseurope@rics.org 
Ireland 
38 Merrion Square 
Dublin 2 
Ireland 
t +353 1 644 5500 
f +353 1 661 1797 
ricsireland@rics.org 
OCTOBER 2013/DML/18832/CONSUMERGUIDES rics.org

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RICS Renting a Property Guide

  • 1. A clear, impartial guide to Renting a property For use in England, Wales and Northern Ireland rics.org/consumerguides
  • 2. Contents How an RICS letting agent can help you rent a property...............................3 The process............................................................................................................4 Finding a property to rent...................................................................................5 Role of the letting agent .....................................................................................6 Agreeing the let.....................................................................................................7 Moving in................................................................................................................9 Energy Performance Certificate..................................................................... 10 Tenant’s checklist.............................................................................................. 11 Useful links.......................................................................................................... 12 Free RICS guides................................................................................................ 14 Further information.......................................................................................... 15 Find a Surveyor.................................................................................................. 15 2
  • 3. rics.org How an RICS letting agent can help you rent a property When you rent a property, you can take advantage of expertise from the outset by using an RICS letting agent who follows the standards set out in the RICS UK Residential Property Standards. Many letting agents throughout the UK are RICS members. Here are the advantages of using an RICS regulated firm: • they give you clear, impartial and expert advice • they act in your interest • they adhere to the law, including ensuring your deposit is protected • they follow strict rules of conduct – including having insurance to protect you • RICS members have a specific set of rules and best practice guidance, the RICS UK Residential Property Standards designed to help ensure RICS letting agents provide exceptional service • RICS members have to update their skills and knowledge throughout their careers, so you can rely on their expertise • you are protected by a complaints procedure and access to independent redress, for example through an Ombudsman scheme. Look out for firms that are ‘Regulated by RICS’ and that follow the standards laid out in the RICS UK Residential Property Standards. Lettings and managing agent firms that are regulated by RICS are easy to spot as they use ‘Regulated by RICS’ on their stationery and promotional material. A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 3
  • 4. The process Once you have in mind the type of property you are looking to rent, here is the process you need to follow to secure your property: Finding a property to rent There are a number of factors to consider before finding a property to rent. These will largely depend on your personal circumstances, preferred location and personal needs. You will want to look at what is available and you will find these advertised on the property internet portals. Most agents use these to advertise the property they have available. Role of the letting agent Once you are interested in a property, check the letting agent is an RICS member and that the firm is ‘Regulated by RICS’. This will ensure that you are treated fairly, can rely on the information you are given and that you and your money are protected. There are a large number of letting agents who are unregulated and extra care should be taken when dealing with these agents. Agreeing the let Once you have found a suitable property, you will have to agree the terms of the let which may involve some negotiation. Once the terms are agreed, formal documentation will be drawn up setting out the terms and conditions of the let This will need to be signed by both you, as the tenant, and the landlord. Moving in You will not be able to move in until you have paid your deposit, first month’s rent and any fees. 4
  • 5. Finding a property to rent Whether you have rented before or this is your first time, when you rent a home there is a lot to think about: Does the property meet your needs? Many factors need to be considered including: • cost – both the cost of setting up the tenancy, as well as how much the rent is and how much you will need to pay extra for bills, such as council tax and utilities? • location – is it close to shops, doctors, schools etc? Is it a safe neighbourhood? • infrastructure – are there good transport links e.g. trains, buses etc? • size – will the property accommodate your needs? For example, are there sufficient bedrooms or number of bedrooms required? rics.org What type and length of tenancy do you need? If the rent on the property is less than £100 000 per year and you do not live with the landlord, the tenancy automatically becomes an Assured Shorthold Tenancy (AST). An AST usually lasts for six to 12 months but you can agree a longer fixed term tenancy with the landlord. If you choose a longer period the landlord might ask for the rent to be increased part way through the tenancy. Take care not to commit to a longer tenancy unless you can negotiate a surrender of it. There may be a cost and you are likely to be liable for the rent for the full term of the tenancy. What happens at the end of the tenancy? When the fixed term of the tenancy has expired, the landlord is able to gain back possession of the property provided they give two months written notice to the tenant. In addition, if you owe at least two months or eight weeks rent, the landlord can apply to the court for possession and an order for payment. A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 5
  • 6. What can you afford? Before you even look at a property, work out what you can afford by looking at what your basic outgoings are likely to be. For instance: The monthly rent £ The cost of getting your references £ Inventory and tenancy agreement costs £ The deposit and any miscellaneous costs £ Council tax £ Water rates, gas, electricity and telephone charges £ TV licence £ Insurance for your belongings £ Total £ Role of the letting agent You can find property to rent by looking at property internet portals, the individual agents’ websites or by going to estate and letting agents in the area you are looking to move to. Some agents still advertise in the rental property section of local newspapers but this is becoming rare. When you find a place to rent, it will be managed either directly by the landlord or more likely by the letting agent. 6 Even though the agent is instructed by the landlord, he is required to treat you fairly but check whether the agent is an RICS member as they adhere to the RICS UK Residential Property Standards. It is also advisable to ask whether the agent is a ‘sole agent’. If not, other agents may be trying to let the same property.
  • 7. Agreeing the let When you find a property, before you sign anything you should: • look at the property – is it clean, what kind of condition is it in and does anything need repairing? • find out what furniture, carpets, curtains and other equipment is included in the rent • find out what your responsibilities are, particularly at the end of the tenancy, such as employing professional cleaners or replacing broken furnishings. Health and safety requirements You should check and get assurances or certificates from the landlord that the property complies with these regulations: • Furniture and Furnishing (Fire) (Safety) Regulations 1988 • Gas Safety (Installation and Use) Regulations 1998 • Smoke Detectors Act 1991, (if the property doesn’t have smoke alarms ask if they can be installed) • Electrical Equipment (Safety) Regulations 1994. Visit the Department for Communities and Local Government website, or the relevant devolved government departments, for more information. In addition, you are advised to check whether electrical appliances have been PAT tested (Portable Appliance Testing) by the landlord. rics.org References Once you have found a property, you will need to agree the terms and conditions with the landlord. For these purposes you will need to supply the landlord with the relevant information and ensure you sign the necessary paperwork required for renting the property. Becoming the tenant usually takes anywhere from a few days to three or four weeks. Before you sign anything, the landlord or agent should provide you with a clear statement of rent, tenancy, deposit and any costs of setting up the tenancy. This includes the administration costs of getting your references. The letting agent will get references by contacting either: • your bank • credit referencing agencies • current and previous employer(s) • current and previous landlords(s). If you are self-employed you may need to provide copies of trading accounts and an accountant’s reference. Even if someone is going to be your guarantor you will still need references. A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 7
  • 8. Tenancy agreement and deposit Once the letting agent and the landlord have approved your references you can sign the tenancy agreement. Before signing, read and, if necessary, get professional advice on any documents you are asked to sign. Check the paperwork mentions the following important points: • length of tenancy – most lettings are 8 Assured Shorthold Tenancies (ASTs) • how often and when to pay rent, as well as any other costs • what the deposit is – usually either a month’s rent or the equivalent of six weeks rent • how the deposit will be held. Tenancy Deposit Protection requires anyone holding a tenancy deposit (either a landlord or managing agent) to belong to an authorised scheme which protects the deposit during the tenancy and deals quickly and independently with any dispute over its return at the end of the tenancy. Your landlord or agent must tell you within 14 days of you handing over the deposit which one of the three authorised schemes your deposit is protected by and provide you with details of the scheme. For more details on the authorised schemes in England, Wales and Northern Ireland please visit www.rics.org/tds You should also agree with your landlord/ letting agent: • how you will get the deposit back at the end of the tenancy • how much, and who will pay for, work at the end of the tenancy, such as checking the inventory, renewing the agreement or cleaning the property • the contact details of the manager responsible for the property • whether gas, electricity and other services have been connected and that meters have been read. In addition: • your landlord must, by law give you an address in England and Wales where notices relating to the property can be served • legislation prevents you being discriminated against because of sex, race, sexual orientation, age, religion, marital status or disability. Landlord registration In some parts of the UK private landlords must apply for registration to ensure they are fit and proper persons to let property. Registration is intended to make sure that all landlords meet minimum standards and will remove the worst landlords from the sector. If registration applies in your area check your landlord is registered.
  • 9. Moving in You will not be able to move in until you have paid your deposit, first month’s rent and any fees. Once on your way, this can be a very exciting time and it’s very easy to forget a few important things: • agree the inventory, which will set out the current condition of the property, the fixtures and fittings and, where applicable, the landlord’s furniture and other contents. This will help to avoid any disputes at the end of your tenancy • insure your own belongings at the property – the landlord’s insurance will not provide cover for them • make sure you know how all equipment in the property works and you have their manuals • find out the telephone number for the various emergency maintenance services • tell your gas, electricity, water and telephone companies the day you move in, making your own note of the meter readings • if you are responsible for council tax, speak to your local authority • you may also want to speak to your local Neighbourhood Watch co-ordinator or the residents’ association if the property is in a block of flats. rics.org Looking after your rented property You will need to pay for fixing or replacing any damage to the property while you are renting it, otherwise it comes out of your deposit. So return the property to the landlord at the end of the tenancy in the same condition as at the start, allowing for fair wear and tear. Remember, if you are away, for whatever reason: • you still need to pay rent on the right date • you are responsible for keeping the property secure • make sure the property is not damaged by the weather • let your insurer and your landlord know so that insurance arrangements can be made • give the landlord emergency contact details. A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 9
  • 10. Energy Performance Certificate All homes being let will require an Energy Performance Certificate (EPC). The EPC is broadly similar to the labels now provided with domestic appliances such as refrigerators and washing machines. 10 Its purpose is to record how energy efficient a property is as a building. The certificate provides a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient and G is very inefficient. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. This allows prospective tenants to see information on the energy efficiency and carbon emissions so they can consider energy efficiency and fuel costs as part of their investment. An EPC is always accompanied by a recommendation report that lists cost effective and other measures to improve the energy rating of the home. The certificate is also accompanied by information about the rating that could be achieved if all the recommendations were implemented. Check whether there is a Green Deal loan on the property. This will have been for the installation of energy efficiency measures which should reduce the running cost of the property. However, the loan repayments will be reflected in slightly higher electricity bills.
  • 11. Tenant’s checklist Here’s a brief summary of the various costs you will have to consider when you rent a property: Insurance The landlord is most likely to obtain building insurance for the property although it is up to tenants to insure their personal possessions. It is advisable to check with the landlord what exactly is covered in the policy. Ensure you inform the landlord or the agent promptly of a potential claim on the policy, as a delay may invalidate the claim. Letting agent’s charges The letting agent may make an administration charge for processing the application and for completing the relevant paperwork, including the recommended inventory. rics.org Reference costs There is likely to be a cost made for credit referencing services in order to undertake the necessary credit checks and references. Removal The cost of moving will vary depending on how many belongings you have and how far you are moving. If using a removal company make sure they are insured for any loss or damage to your possessions. Services You should not need to pay to have gas, electricity and water reconnected or transferred into your name but there may be a charge for connecting or reconnecting the phone. A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 11
  • 12. Useful links Here are some useful website addresses for advice when you’re renting a property: 12 RICS www.rics.org Department for Communities and Local Government www.gov.uk/dclg Northern Ireland Executive www.northernireland.gov.uk HM Revenue & Customs www.hmrc.gov.uk Local councils www.gov.uk National Approved Letting Scheme www.nalscheme.co.uk Residential Property Tribunal Service www.justice.gov.uk/tribunals/ residential-property
  • 13. rics.org Tenancy Deposit Schemes England and Wales The Dispute Service www.thedisputeservice.co.uk My Deposits www.mydeposits.co.uk The Deposit Protection Scheme www.depositprotection.com Northern Ireland Letting Property Services www.lettingprotection.com My Deposits www.mydeposits.co.uk TDS Northern Ireland www.tdsnorthernireland.com A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 13
  • 14. Free RICS guides RICS has a range of free guides available for the property issues listed here. Development issues Compulsory purchase Home extensions Home hazards Dilapidations Flooding Japanese knotweed Subsidence Neighbour issues Boundary disputes Party walls Right to light Residential Buying a home Buying and selling art and antiques at auction Home surveys Letting a property Property auctions Renting a property Selling a home 14
  • 15. Further information We hope this guide is useful to you. If you’d like to know more about renting a property, or how RICS can help, please contact us. rics.org Visit our website rics.org/consumerguides alternatively email contactrics@rics.org or call the RICS Contact Centre 02476 868 555 Consumer helplines RICS offers telephone helplines giving you 30 minutes of free advice on: • Boundary disputes • Party walls • Compulsory purchase. Just call 02476 868 555 and you will be put in touch with an RICS member local to you, willing to provide a free 30 minute initial consultation. Lines are open 0830 –1730 (GMT), Monday to Friday. Find a Surveyor Contact us if you want to find independent, impartial advice from a qualified professional with good local knowledge. Look out for firms that are ‘Regulated by RICS’. Estate agents and surveying firms that are regulated by RICS are easy to spot as they use ‘Regulated by RICS’ on their stationery and promotional material. To find an RICS firm in your area visit www.ricsfirms.com alternatively email contactrics@rics.org or call the RICS Contact Centre 02476 868 555 A clear, impartial guide to Renting a property in England, Wales and Northern Ireland 15
  • 16. Advancing standards in land, property and construction. RICS is the world’s leading qualification when it comes to professional standards in land, property and construction. In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism. Over 100 000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members. RICS is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector. RICS has a worldwide network. For further information simply contact the relevant RICS office or our Contact Centre. RICS HQ Parliament Square, London SW1P 3AD United Kingdom Worldwide media enquiries: e pressoffice@rics.org Contact Centre: e contactrics@rics.org t +44 (0)24 7686 8555 f +44 (0)20 7334 3811 Asia Room 2203 Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong t +852 2537 7117 f +852 2537 2756 ricsasia@rics.org Oceania Suite 2, Level 16 1 Castlereagh Street Sydney, NSW 2000 Australia t +61 2 9216 2333 f +61 2 9232 5591 info@rics.org.au Americas One Grand Central Place 60 East 42nd Street Suite 2810 New York 10165 – 2811 USA t +1 212 847 7400 f +1 212 847 7401 ricsamericas@rics.org Middle East Office G14, Block 3 Knowledge Village Dubai United Arab Emirates t +971 4 375 3074 f +971 4 427 2498 ricsmenea@rics.org South America Rua Maranhão, 584 – cj 104 São Paulo – SP Brasil t +55 11 3562 9989 f +55 11 3562 9999 ricsbrasil@rics.org India 48 & 49 Centrum Plaza Sector Road Sector 53, Gurgaon – 122002 India t +91 124 459 5400 f +91 124 459 5402 ricsindia@rics.org United Kingdom Parliament Square London SW1P 3AD United Kingdom t +44 (0)24 7686 8555 f +44 (0)20 7334 3811 contactrics@rics.org Africa PO Box 3400 Witkoppen 2068 South Africa t +27 11 467 2857 f +27 86 514 0655 ricsafrica@rics.org Europe (excluding United Kingdom and Ireland) Rue Ducale 67 1000 Brussels Belgium t +32 2 733 10 19 f +32 2 742 97 48 ricseurope@rics.org Ireland 38 Merrion Square Dublin 2 Ireland t +353 1 644 5500 f +353 1 661 1797 ricsireland@rics.org OCTOBER 2013/DML/18832/CONSUMERGUIDES rics.org