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Landlord Guide

A guide to letting with Central Urban Living

Why should I let to students and young professionals?

There are three reasons why letting to students and young professionals can often be more profitable than traditional lets:

• Demand is strong and consistent
• Students will usually look to rent for a minimum of 12 months, with excellent opportunity for tenant retention into their 2nd and 3rd years
• Student and young professional lets tend to offer particularly higher yields

Are there any draw backs?

Properties tend to suffer more wear and tear, and as a result you are likely to spend more on maintenance at the end of a tenancy than you would with a traditional let. Most students will expect properties to be fully furnished.

When is the best time to market my property to students?

Each area will be different, but in general students will start looking any time from January for lets starting in the next academic year (August/September).

Which properties are suitable for students?

A property with a minimum of 3 bedrooms and large communal spaces (lounge and kitchen) will appeal particularly to students. More than one toilet or bathroom will be a great additional selling point. And obviously, choose a location within walking distance from the university campus.

How do I market my property to students?

Student lets should be marketed in the same ways as traditional lets. You should expect your agent to list the property online on and also be proactively contacting local tenants.

How do I protect my income?

Student tenants can be difficult to reference using the standard process, because they do not have a regular income and have usually come straight from living with parents. Instead, you should seek a guarantor for each student tenant. Usually a parent or guardian, the guarantor is responsible for the rent if the tenant should fail to pay.

What furnishing should I provide?

Student tenants will expect the property to be fully furnished. Here’s a tick list for landlords who want to let to students:

• Washing machine
• Fridge freezer
• Cooker
• Carpets/curtains/lampshades
• Beds
• Wardrobes
• Desk and chair for each room
• Sofa
• TV for the living area
• Wifi

Central Urban Living can help with your student and professional lets

Whether you just want us to help you find the student tenants, or you’d like us to manage the whole let, we’re ready to help you. We can advise you on the best properties to purchase if you’re taking the first steps into student lets as well as advice on the ever-changing HMO and rental legislation.

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Letting Fee Information

Refundable Holding deposit - £100.00

Security Deposit - None taken

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50

Early termination charge - 3 months rent prior to the contact start date.

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - £6 per key

Utilities, council tax, communication services, TV Licence etc All inclusive of the weekly rent charge