Know About Renting Student Accommodation in Lancashire
If you’re thinking of renting out your property to students, there are certain things you need to bear in mind. Student accommodation is different from other types of rental properties because it is usually rented to multiple people who are not from the same household, and it may need to be licensed as a House in Multiple Occupation (HMO). The landlord responsibilities for student housing remain the same, but there are additional considerations such as fire safety, gas and electrical checks, deposit protection and verification that the tenancy holders have the Right to Rent.
Many landlords offer both shared and self-contained Lancashire student accommodation. In most cases, landlords who allow sharing will insist on a joint tenancy agreement. This means that all students in the house will be jointly and severally liable for paying the rent, and if one student leaves early it’s up to the remaining students to find someone to take their place. Landlords will usually require a deposit at the start of the tenancy to safeguard against damage beyond normal wear and tear or unpaid rent. Landlords should give a written copy of the contract to each student when they hand over the keys and it’s important that each student takes a good look at the contract before signing.
Most landlords of student accommodation will insist that a contract is for a minimum of 12 months. This is because students have a tendency to leave earlier than other tenants, which can cause problems for the landlord in terms of finding new tenants and recouping the lost income. However, it is possible to request a break clause in the contract which can be beneficial for students who want to leave early.
What Do I Need to Know About Renting Student Accommodation in Lancashire?
The average rating for Lancashire student accommodation is higher than other property types, and this reflects the fact that it offers more facilities such as high-quality internet, good cleaning standards and often including all bills. Landlords can also charge a premium for renting to students because they can make more money from these tenancies than they would for a single family and the occupants are likely to pay their rent on time.
Preston is a city with a rich industrial heritage that has developed into a vibrant cultural scene for eating, shopping and nightlife. It is a large city that is friendly, welcoming and diverse and has an active community of student residents who are proud of their university. Whether you’re studying for a degree in fashion, film studies, social work, forensic science or pharmacy, there’s something for everyone here. Getting to the university is easy thanks to excellent transport links, and there’s plenty of affordable student accommodation close by.
Engage in campus activities and events to build connections and friendships. Participating in clubs, societies, and volunteering opportunities can enrich your university experience. While socializing is vital, remember to prioritize your academics. Set a study schedule, create a conducive study space, and seek support from peers or university resources if needed.
Renting student accommodation is an important aspect of university life, and if you’re planning to study in Lancashire, it’s essential to have a good understanding of the rental process and what to expect. Whether you’re a local student or coming from afar, here are some key points to consider when renting student accommodation in Lancashire.