What do I need to look out for when signing a tenancy?
After choosing your housemates (check out our blog on finding housemates) and finding the house you want to live in, it’s time to sign the tenancy. But, for someone who has never had to sign one before, it’s hard to spot exactly what you should be looking for. Below are some of the common things to be considering when reading and signing a tenancy agreement.
The different types of tenancy
Firstly it is important to understand that the type of tenancy agreement you will sign will depend on which part of the UK you will be living in. In England it is likely you will have to sign an assured shorthold tenancy agreement (AST). However in Scotland you will sign a private residential tenancy agreement and in Wales it is likely to be a standard occupation contract.
In simple terms the main differences between this contracts is that in England and Wales they are for a fixed term while in Scotland it will be an open-ended agreement which you can give 28 days notice to leave.
Joint tenancies
You will also need to understand whether your tenancy is a joint tenancy or an individual tenancy. Most halls of residence will be individual tenancies, however shared houses are often on a joint tenancy.
If you are signing a joint tenancy be aware that that you will then legally share the responsibilities under the tenancy agreement with your housemates. In particular, if one of your housemates does not pay the rent then you will be jointly liable for this. Scottish joint tenancies can’t be ended unless all tenants agree and write to provide written notice the landlord that they want to leave.
Contract terms
Once you are understand what type of agreement you are going to sign you can then start to consider the contract terms. Make sure you read the contract carefully and understand the terms and conditions. Pay particular attention to the length of the tenancy, rent, and deposit requirements. Ensure that you are comfortable with the terms before you sign the contract.
Rent and deposits
Rent and deposits are critical factors to consider when signing a student tenancy. Ensure that you understand the amount of rent that you will be required to pay and that it matches what was advertised to you when viewing the house. Make sure you look at the frequency of payments. Some student houses and halls opt to do quarterly or termly payments instead of monthly.
You will also need to check if a guarantor is required for your rent. A guarantor is someone who will be liable for your rent if you can’t pay it. In some cases if you can’t provide a guarantor you will be required to pay all of your rent in advance.
Alongside the rent, make sure you read and understand the deposit requirements and the conditions for its return. Ensure that the deposit is protected by a Tenancy Deposit Scheme.
Inventory
An inventory is a detailed list of all the items in the property, their condition, and their location. Ensure that you review the inventory and check that it is accurate before you sign the contract. Any discrepancies should be noted and agreed upon before signing the contract. This is usually provided to you when you move into the property.
Repairs and maintenance
It is important to understand who is responsible for repairs and maintenance in the property. Note down who to contact in case of emergency or non-emergency repairs. Additionally, understand the process for reporting repairs and the expected response time.
Bills
Understanding bills is another important factor when signing a student tenancy. Ensure that you know which bills are included in the rent and which bills you will be required to pay separately. Don’t forget to take a look at the process for paying bills, such as whether they will be paid directly to the landlord or through a third party.
Moving out
While it might seem strange to be thinking about moving out when you are considering signing a tenancy it is important to be aware what the landlord expects from you when you leave the property. For example some tenancy agreements may require that you have the property professionally cleaned when you leave. If you don’t do this the landlord may be able to deduct an appropriate fee from your deposit.
Key points
When signing a student tenancy, you need to pay close attention to the contract terms, rent and deposits, inventory, repairs and maintenance, and bills. It may seem like a long document, but it's important to set time aside to read and understand it. If you have any questions or concerns, do not hesitate to seek advice from your students’ union, university or legal professional.
If you are still searching for student accommodation, you can see what’s available in your area accommodationforstudents.com
