Posts with tag: student lettings

Top tips for private landlords investing in student lets

Published On: January 10, 2020 at 10:11 am


Categories: Landlord News

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Letting to students can be a different experience than other tenant types. With that in mind, bill-splitting service Glide has shared its tips for the best way to deal with certain tenant demands.

1. Repairs

Despite students having a general bad name for themselves when it comes to looking after their rented homes, this stereotype is vastly overexaggerated. Life as a student can be tough financially, so they will want to do what they can to get their full deposit back when it’s time to move on.

As with renting to anyone, general wear and tear is to be expected and is not the fault of the tenants. However, any issue with the structure or exterior of the property is your responsibility. You will also have to sort out any issues with flooring, walls, and sanitaryware, such as toilets, sinks or baths.

Although, it’s worth noting that it’s down to the tenant to look after any item brought into the property by themselves. For example, it’s not the landlord’s responsibility to pay for the repairs on items like TVs if provided by the occupant. 

Remember to take an inventory before the tenants first move in. This will allow you to clearly see any issues caused by neglect during their time in the property. As well as a written inventory, photos can be a massive help in the event of a dispute. This Landlord News guide will help you get started.

2. Utilities

As a landlord, you are responsible for ensuring that all gas and electric appliances are in good condition, and a gas safety check is required every year. It is also your duty to install smoke alarms on every floor of the building – and carbon monoxide alarms in every room where a fuel-burning appliance is situated. This is for the safety of your tenants.

However, it is not the duty of a landlord to deal with issues such as replacing lightbulbs. It is important to clarify in the tenancy agreement what you expect from your tenants in order to avoid disagreements.

As well as maintenance and repairs for boilers, make a note of any periods that the tenants will be away from the property. If they are all going home over Christmas, there is a risk of the pipes freezing during cold weather, which could lead to central heating issues when they return.

3. General upkeep

Glide points out that a landlord must keep the general state of the property to a level that is deemed to be fit for habitation. This essentially means they must be kept clean, tidy and without any health and safety hazards for when the tenant moves in. 

There onwards, it’s up to the occupant to look after the cleanliness and tidiness of the homes. This also includes the garden! Be aware that issues like mould, damp and pests could still be the responsibility of a landlord they are deemed to be a result of wear and tear.

Periodic inspections are vital to catch problems as early as possible. As long as you provide 24 hours’ written notice stating your intentions, you can legally enter the premises.

Affordability is the top priority for student renters

Published On: January 8, 2020 at 10:03 am


Categories: Tenant News


Of all the issues facing students when renting, affordability is prioritised above all else, according to a recent student accommodation survey.

UCAS and London-based estate agents, Knight Frank conducted the study, which revealed, unsurprisingly, that value for money and affordability are the most important factors in making the decision about where to live for most students.

Some 98% of respondents cited value for money as an important factor for them. 49% said this was ‘extremely important’ whilst 68% of students said that affordable living costs were ‘very important’ to them.

Aside from the cost of living, another factor of importance that emerged was the standard of the accommodation. 82% said it was ‘important’ or ‘very important’, demonstrating that students won’t be satisfied with living in sub-par accommodation just because it’s cheap!

In regards to price, the survey revealed that students living in privately rented house shares are paying the least per year, at an average of £6130. After that, it’s a big leap to £7550 per year for university-operated accommodation. 

Finally, paying the most, at almost £8000 (£7990) per year, are students living in purpose-built student accommodation.

James Pullan, global head of student property at Knight Frank, commented: “Affordability is, once again, the number one issue facing students, whilst value for money is the most important factor influencing decisions on where to live.” 

He added: “The role that student accommodation plays in supporting wellbeing, is also reinforced, with the survey highlighting the importance that students place on the quality and usability of the social and amenity space provided.” 

Record Month for Student Lettings in January, Reports Agency

Published On: February 14, 2017 at 9:25 am


Categories: Property News

Tags: ,,,

Online student letting agency has reported a record month for student lettings in January.

Record Month for Student Lettings in January, Reports Agency

Record Month for Student Lettings in January, Reports Agency

The firm experienced strong growth in property uploads, viewings and bookings over the past month.

The latest data from StudentTenant shows that property searches on the student lettings site rose by a whopping 75% in January.

Property requests were five times the average in January, highlighting the trend of students booking properties almost nine months before they move in.

The record-breaking number of confirmed bookings and lettings followed a surge of demand, as students rushed to secure housing for the next academic year.

In addition to its record month for student lettings, StudentTenant saw an increase in traffic in the final quarter of 2016, as students rushed to find a home. The firm’s data indicates that property searches were up by 74% and landlord sign ups by 22% in November, as both parties prepared for the January rush.

Figures also suggest that students were twice as likely to sign up to StudentTenant in November and December, as they began their search for properties for the next academic year.

The Managing Director of the student lettings site, Danielle Cullen, says: “It’s been another brilliant month for us. We’re extremely happy with the performance of StudentTenant over the past year, especially in January, as our team has been working extremely hard to keep up with the surge in demand. Figures reveal that January is the busiest time of year for students searching for properties, so it’s extremely important for us to get landlords on our site before demand peaks.

“The trend to book property so early is a long-standing tradition in a lot of UK cities, which can be both positive and negative for students. Booking somewhere with a group of people so far in advance means a lot can change in terms of both relationships and financial stability, so we always encourage students to make an informed decision before they secure somewhere.”

She adds: “2016 was a fantastic year for us, and our record requests and bookings are yet more great news. Our continued growth in the UK is underpinned by a heavily growing market, which is very exciting to be a part of.”

Landlords, have you seen a surge in student lettings already this year? If not, you should be putting your properties on the market soon!