Posted on 27 February 2019
It doesn’t get more exciting than moving to your very first apartment. However, renting for the first time can also be intimidating. If you are a first-time renter, follow these tips so you can enjoy all the perks of apartment life:
Determine your financial situation
Before you even start looking for potential properties, you need to determine what you can afford. It helps to thoroughly review your finances to understand exactly what deposit and monthly rental level you can manage prior to looking for a property. Signing a lease on a home you cannot realistically afford is incredibly risky, as any missed payments will negatively affect your credit and could eventually lead to eviction. At Folio London we are happy to help you work out your affordability criteria.
Have an emergency fund
An emergency fund can help cover the things you don’t budget for, as unexpected situations may arise - such as losing your main source of income. They serve as a safety net where you would still be able to pay for living necessities, such as your rent, in the case of an emergency.
Read the tenant agreement carefully
The length of your lease may vary so you need to make sure you are agreeing to something that you can afford. You need to make sure to read the conditions of your agreement thoroughly and even give it to a parent, friend or family member to read as a second set of eyes to ensure you did not miss anything. You can rest assured that at Folio London, there are no hidden costs and our tenancy agreements are clear and concise.
Understand the application process
Each landlord/estate agent has a different way of working with their tenants. For example, when renting with Folio London, we have a very simple application process where you just have to inform a member of our team which property you would like to reserve. You will then pay a holding deposit of £350, which will be paid against your first rent payment. Our excellent customer service team will then get back to you within the next working day to confirm whether your application is successful. We do not charge any admin fees and have no hidden costs, so you can rest assured you know exactly what you are signing up for.
We are an incredibly dedicated business that was established back in 2007 and is proud to offer a wide range of apartments, houses and townhouses. No matter whether you want to be in the heart of the city or in the suburbs - we are guaranteed to have the perfect property for you. We have an outstanding reputation for our customer care and loyalty - which we very proudly uphold with each of the clients we work with. Our customer satisfaction reputation is also one of our main priorities, which is why we always ensure our tenants are 100% happy with their experience.
Would you like some more information regarding any of our properties? Make sure you contact Folio London today. Our customer service team is available to call on 020 3815 0484, Monday to Friday, 9am to 5pm. Alternatively, complete the contact form on our website and we will try to get back to you as soon as we can.