How Landlords can deal with their Student Residents
Renting to students comes with some challenges for you as a Landlord. It is prudent to remember these are young adults coming into the property world for the first time where many of them are learning as they go.
So, when letting to students it is possible you will meet with two types.
Type 1 – they will read the tenancy contract thoroughly making note of anything that could cause them to be in breach.
Type 2 – they won’t bother reading the tenancy agreement thoroughly and sign it anyway with no recollection of what could cause them to be in breach of their contract.
This is very important for you, as a Landlord, to know. Because this is the first time a lot of students are renting they presume the contract is going to be similar to the one they signed for their ‘on campus’ accommodation, which can be quite lenient.
Student Lettings
Student Lettings – What a student should look for, from a student’s perspective
The first thing you must establish before looking for a place to live for second and third year, is finding a solid group of friends that you will enjoy living with. You do not have to be best friends but at least get on well enough so you can commit to living together for the next couple of years.
When looking for housing, you need to start early as possible! This is because there are a larger range of properties available earlier in the year than there is later on.
To put this into perspective, when I started University in September, I was already looking for houses in the previous November. Dependent on the size of your group will denote which type of property you will require. For example, my group were six in total so this meant we needed to look for 6 bedroom houses as fast as possible.