The rental market in Liverpool is booming, and landlords are finding renters faster than ever before, with a new renter taking an average of only 21 days to locate. Tenant demand is on the up, according to the RICS residential survey. With a net balance of +66% of survey participants reporting an increase in August, up from an already high reading of +58% in July.
According to Dataloft Rental Market Analytics, the average monthly rent in the UK will be 11% higher than pre-pandemic levels from September 2021 onwards than it was in the year to September 2019. For the first time since 2016, national rental growth predictions for the next 12 months have reached 3%.
Rental Rules for Tenants in Liverpool
If you are thinking of renting a property in Liverpool, we have created a quick guide to help.
Understand your legal rights
Knowing your rights will help you defend yourself if you experience unfair treatment, so conducting some research on the issue before moving into a rental house is a brilliant idea. As a tenant, for example, the law specifies that you are entitled to the following:
- Uninterrupted living in a property.
- You should have a tenancy agreement that is both fair and lawful.
- Get your deposit reimbursed when your lease expires.
- View an energy efficiency certificate.
- Protect yourself from exorbitant rent and eviction.
- You should live in a secure and well-kept home.
Follow the conditions of your tenancy agreement
You must follow the conditions of your tenancy agreement unless you are willing to forfeit your deposit and face eviction. This includes anything from paying your rent on time (even if you disagree with your landlord) to not subleasing your property without permission. It also means following agreed-upon regulations on smoking and pet ownership issues.
Keep an eye on your rental property as well. Try to avoid causing harm and keep the area clean. For example, if the house is vacant during the winter, cut off the water at the mains to prevent freezing and breaking pipes.
Examine the inventory of your rental in Liverpool
It’s easy to get caught up in the thrill of moving into a new house and ignore the need to inspect the property’s inventory thoroughly. If you neglect this step, you can have difficulty getting your money back when you move out.
Request an inventory if your landlord does not offer one when you move in. This document should include a list of all the property’s items. This covers the condition of appliances, floors, and furnishings. Before signing, double-check that you agree with everything on the list. Take images when packing that can be used as documentation if there is a disagreement.
Obtain approval before making any changes to your property
Don’t make the mistake of attempting to improve the property without first consulting your landlord. While these do-it-yourself repairs may make the home appear nicer, they may cause you to lose some or all of your deposit. Check the terms of your lease to see if you need permission to repaint a room or build a garden shed. If you do, make sure you have your landlord’s written consent before you start any work.
If you are thinking of moving house and aren’t sure where to start looking, give our team at Qube Residential a shout for any queries.
Source: Dataloft, Rightmove, Royal Institute of Chartered Surveyors.