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Important Factors to Know When Renting Student Accommodation in Lancashire

Know When Renting Student Accommodation in Lancashire

There are a number of important factors to be aware of when renting Lancashire student accommodation. This includes the location, cost and maintenance. Generally speaking, students aren’t looking for luxury living, but they will expect to have the basics including:

The property will need to be well maintained to ensure that it is safe and in good working order. For example, fire safety checks must be carried out and the escape route must not be blocked. Also, landlords should be ensuring that communal areas are regularly cleaned and that all the appliances work correctly. Many landlords employ a local cleaner to do this, which is both cost effective and ensures that the property is in good order for all the tenants.

Most students won’t have full-time employment so they will need to be able to afford the rent each month. For this reason, it is a good idea to have a co-signer on the tenancy agreement who can reference the tenants and pay any late payments if necessary. It is advisable to get this agreement in place before the tenants move in, and to make sure that there are no issues with payments before they sign their contracts.

Similarly, students will expect the property to be fully furnished and that any bedrooms include: a bed, wardrobe, desk chair, lamp, carpet and curtains. In addition to this, they will often want an internet connection. This is something that many landlords will include in the rent and it can help to attract tenants.

Important Factors to Know When Renting Student Accommodation in Lancashire

Another thing that students will be looking out for is whether the property has double-glazing. This will help to keep the house draught free and save on energy bills as winter approaches. In addition, it will help to reduce noise pollution.

It is also a good idea to check that the property has enough storage space, particularly for bulky items such as furniture and books. Students will be bringing a lot with them and will need some space to store it all.

When viewing a property, it is also a good idea to have a look at the bathroom and toilets. Having access to a decent toilet is very important and it should be in working order so that no-one will be left with a clogged toilet!

It’s worth remembering that Lancashire student accommodation turnover can be high so you will probably lose some tenants throughout the year. This can be costly, but if you have the right marketing strategy in place, it is possible to find new tenants quickly and easily. This will not only allow you to maintain your income, but it will also ensure that the quality of the tenants remains high. If you are thinking about renting out your own student property, it is important to take these key points into consideration to make sure that you choose the best marketing strategy for your business.

Investing in quality student accommodation is an investment in the success and happiness of students. It creates an environment where students can thrive academically, forge lifelong friendships, and create lasting memories. As the demand for higher education continues to grow, the evolution of student accommodation will continue to provide innovative and student-centric living spaces that enhance the college experience for generations to come.

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