Friday, August 9, 2013

Looking for a rental contract

By Mark Hamilton


Property to let in London is not too difficult to find but there are a few points you need to think about before signing on that dotted line. Rentals can be anything from six months upwards, plus they can offer a lot depending on your funds and specification. Before making a firm decision, read the points we've put together to give you a helping hand.

Short term let

Short term lets in London are often used by companies as an alternative to hotels as they offer home comforts and space to yourself that can be difficult to find in large chains. Pimlico, Victoria and Belgravia are areas where you might find such properties. They are kept to a high standard, just as a hotel, but allow visitors to the city their own front door and a more relaxed atmosphere.

Vacations

When not being used by businesses many people choose short term accommodation for their holidays. Their home-from-home qualities give tenants access to conveniences such as a kitchen complete with crockery and oven and hub, meaning all the resident has to do is buy their chosen food. It is also not uncommon for short term accommodation to be priced up to 30% less than hotel rooms of a similar standard - so it can be a cheaper alternative for those staying for longer periods of time. The fantastic flexibility is also a big plus to short term lets as tenants often, at the landlords discretion, have the option to extend their occupancy.

What do you need?

Before deciding upon rental accommodation it is necessary to work out exactly what you need from the property. Will you be mostly out at work or home during the day? If you are staying there for a longer amount of time you will want there to be space to unwind, eat, cook and possibly even work on a project. Think about how many rooms you need - are you there to chill out, work or do you simply need somewhere to crash?

How much

Prices lettings in London, can be extremely varied. Before even starting your search it is sensible to work out how much you have to spend, and stick to it. It is easy to get persuaded into spending a bit extra when you see new exciting perks to living in particular areas but make sure you have worked out a maximum you have the funds for.

Your location

The capital is a big place with many different districts presenting diverse cultures and opportunities. If you're not familiar with the capital spend some time reading online articles and blogs to find out what community perception is of each area.

Work or play

Business trips tend to focus around the EC postcode where as holiday makers may wish to reside in a more W1 or SW area. Take a look around and get your bearings before settling on a location.

Amenities

Each property will differ but some will be furnished and may include white goods and internet access. Others may not - some may also have additional building maintenance charges.




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