In the last year, the rental market has seen some significant changes. In fact, the rental market is becoming more popular, with more families and individuals choosing the flexibility of renting in Plymouth. The cost of renting can be more manageable than long term mortgages. The government has re-evaluated the rules around rental properties in Plymouth and across the UK for landlords and estate agents, but you may be wondering, what has changed?
In the last year, the cost of renting in England (excluding London) has risen on average by over 1%. New rules were set in place to support those in private rental accommodation beginning their journey into rental properties through estate agents. From June 2019 tenant fees were banned, therefore making the outlay much more affordable to secure your property to rent in Plymouth. It is important to remember, not all fees are banned, only those mentioned below – so remember not to lose your keys and avoid late payment fees on your rent!
You can’t be charged for:
- Credit and Immigration checks
Common things you may still be charged for:
- A holding deposit
- A tenancy deposit
- Rent in advance
Additional charges may occur during your tenancy for:
- Late rent payments
- Lost / Replacement keys
- Ending your tenancy early
- Changing a term in your tenancy (such as adding another person)
What is the process when renting in Plymouth?
Once you have found a property you would like to rent with us in Plymouth, there is some paperwork we need to fill in before you book your moving van! Our office on Mutley Plain near Plymouth City Centre, is a lovely welcoming place to complete this and provides an excellent opportunity to get to know your lettings agents in Plymouth. As trusted lettings and estate agents in Plymouth, we enjoy matching people with their perfect rental properties!
First, we will need to take the details of the individuals intending to live in the house, check you are old enough for private rented accommodation and we may need to do some checks to ensure you will not be put under financial stress to pay your rent each month. If you are applying for a sole occupant tenancy (only one occupant excluding dependents) or a joint tenancy, we may need to view some evidence of your income, credit history, and if available, Landlord reference. Dependent on your situation, you may need a guarantor. We may also need a guarantor for other reasons, so please call us on (01752) 874242 or pop in to chat when you begin your search for property to rent in Plymouth and, we can let you know what documents you may need when you find the perfect property to rent!
The longest part of the process is often searching for the right property, as our paperwork processes are simple to use. On average the time it takes from finding your place to unpacking the moving van can vary from as little as a day, to a month, and sometimes longer if former tenants need to wait until the end of their tenancy to move out. You can ask a member of our team for the full details of each house so you have an estimate of when you are likely to be able to move in.
More information is available on our tenant page
What do we currently have for the rental market?
We currently have a large range of rental properties listed on our website with additional properties being added daily including both houses, apartments and flats to rent in Plymouth. Due to demand, our turnaround of rental properties in Plymouth is rather quick, so get in touch today and leave your details with us to be kept up to date with the latest news. You can also search our available stock online
If you are a landlord looking for lettings agents in Plymouth, contact us at DC Lane Estate agents to discuss your property management. Call us on (01752) 874242.