RENTING is great if you don't want to be tied down to a mortgage, but it can also be a little daunting if you've never done it before.
Most of us haven't a clue when it comes to tenancy agreements, so before signing on the dotted line check out what renting is all about and avoid getting into problems.
Once you've found a property to rent, you will deal directly with the landlord or a managing agent who looks after the property on behalf of the landlord.
To begin with, you will be required to pay a holding deposit - usually a nominal amount to indicate that you are interested in renting the property. At this point you are not committed to renting the property.
You will then be expected to provide references from various sources such as a previous landlord, your bank or your work. Some agreements may even require a character reference and a guarantor. You will also need to provide some ID such as a passport or driving licence.
After satisfactory references have been obtained, you can sign the tenancy agreement - an Assured Shorthold Tenancy Agreement. This details all the terms of the tenancy itself, agreed between you and your landlord.
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