Renting a property is a decision many people don’t think about until they’re in the process, but it’s a great option for those who value flexibility and the freedom to move more frequently. In fact, nearly 40% of London’s population rents! Renting also offers the benefit of having a landlord handle repairs. However, there are several key factors to consider before starting your search.
This guide will help you navigate the process and be prepared to secure your ideal property quickly once you find it.
Get in touch with us to register your details and discuss your search preferences. Think about the type of property you're looking for and the area you'd like to live in, or reach out to us for advice in narrowing down your search.
Also, consider your 'must-have' criteria—what are the features that are non-negotiable for you, and what are deal-breakers?
What can you afford? We recommend that you consider how much you’re willing to pay for the right property. For properties where rent is paid monthly, you'll need to undergo thorough tenant referencing. Typically, your monthly rent should not exceed 40% of your gross monthly income.
How long are you planning to stay in London? If you’re looking for a short-term let (less than 6 months), we offer Short Stay options, which you can find more details about on our website.
It’s a good idea to begin your search 6–8 weeks before your desired move-in date. Your Chancery Lettings agent will help you find a selection of properties that match your requirements. The London property market moves quickly, so if you find a property that suits you, be ready to place an offer immediately—it could be the first one you see!
Once you find the right property, you’ll complete an offer form with your agent. Be sure to include all your details and requirements clearly. At this point, you’ll also need to pay a down payment equivalent to one week’s rent, demonstrating your commitment to the landlord. This amount will be deducted from your final payment once everything is finalised.
Once your offer is accepted, we’ll send you the Tenancy Agreement and other necessary documents. Be sure to read them thoroughly. If you have any questions, your agent will be happy to assist you.
At this stage, reference checks will be conducted by a third party, so it’s important to respond to any referencing requests promptly to avoid delays.
You’ll also receive a statement of account outlining the initial payments required, including:
You will need to set up a standing order with your bank for future rent payments and provide proof that it’s been arranged.
Once all payments have been made, references are cleared, and the tenancy agreement is signed, your keys will be available for collection on the tenancy start date. You can collect them from our office or arrange a time with an inventory clerk.
At this point, you’ll need to inform utility providers that you’ve moved in and ensure that all accounts are transferred into your name as soon as possible.
You’ll receive a copy of the inventory check-in report shortly after moving in. If you have any questions or comments about the report, be sure to raise them promptly.