Sequel to my assertion last November (follow link here: Tenant Demand Hits Record High) that the demand for rental property is hitting a new high, reports just coming in this year confirms that there are indeed far more people willing to rent than buy properties.The global economic crunch and its slow recovery is really telling on people relocating for business, family, or academic reasons.
Landlords in the U.K are seriously taking advantage of this trend by hiking rents astronomically. The fear for tenants – or prospective tenants is not to fall victim to letting scams.It is common knowledge that when demand for residential or commercial properties is as high as it is now, some people that parade themselves as agents take advantage of the unsuspecting but desperate public.
This time would not be different unfortunately!The Association of Residential Letting Agents (ARLA) have taken note of this trend and are currently advising all prospective tenants in all U.K counties to be on their guard.
A little search on the prospective landlord is a good way to start off your rental search.Tenants are also advised to contract the services of a letting agent who is vast and well experienced in property search.
Considering the peace of mind you’ll get to enjoy eventually, the small fee you would pay this agent would definitely be worth the while.
Winning the rental bid would take a lot more than your money in this circumstance, so you need to be fully prepared in terms of your references, appearance, and other such pre-rental requirements. I wish you happy hunting and good luck on your quest!
