STUDENTS

For many students this is their first experience away from home and having to fend for themselves. So it is safe to say that some are still a bit wet behind the ears!

 

Now that they have moved in, most students will not realise that they have to start thinking about rent payments and setting up utility bills until it is too late. Landlords need to plan ahead and keep an eye on when the rents should be hitting their accounts. It is important to set a precendent from the start and make sure that tenants are chased immediately when the rent is due. This lets them know that late payments are not acceptable and teaches them an important lesson in life.

 

Another problem we have found at Harringtons Lettings is that many student landlords are leaving themselves vulnerable by allowing their tenants to swap over mid-way through the tenancy. One Introduction Landlord from last year found that he was unable to take any action when the tenants left without having paid the last month’s rent and with the property in a terrible condition. He had allowed some tenants to move-in and some to move-out but hadn’t changed the legal paperwork or the tenancy agreement resulting in the guarantees being completely void.

 

Should your tenants decide to swap over, Harringtons will be happy to help you fulfill all of the legal requirements and ensure that the paperwork is updated. There will be no charge to you as a Landlord and instead we ask that the tenants pay a fee for the work involved.

 

Have you considered swapping over to a fully managed service? Harringtons Lettings offer very competitive fees. We are doing a special offer to new clients of 5% for a limited time!