Grainger, the UK’s leading Build To Rent provider and a FTSE 250 company, has released a checklist of essential questions for tenants to ask their landlords before signing a rental contract. As the nation’s largest listed residential landlord, Grainger has delivered around 11,100 Build To Rent units, with an additional 5,000 in development.
Grainger emphasizes these queries as critical for tenants to ensure a smooth renting experience:
1. Who is the landlord?
According to Grainger, identifying the landlord is crucial for confirming their legitimacy and understanding their management style. “Many tenants overlook this basic question, which is vital for establishing trust and setting expectations,” the company advises.
2. Is there a break clause in the contract?
Understanding break clauses is important, Grainger notes. “A break clause offers flexibility for both parties to terminate the lease early. However, it also allows the landlord to reclaim the property before the tenant might be ready to move out.”
3. What do I do if repairs are required and how long will it take?
Grainger stresses the importance of knowing the repair process. “Tenants should clarify who to contact for repairs and the expected response times. It’s also beneficial to know if the property is managed by a third-party agent or directly by the landlord.”
4. What council tax band is the property in?
Council tax can significantly impact monthly expenses. Grainger advises tenants to check the tax band early on. “Council tax rates vary by band and can add hundreds of pounds to your bills. Ensure you know your rate to avoid unexpected costs.”
5. Who are the current electricity, gas, and water providers?
Utility costs vary by provider, making it essential to inquire about current suppliers. “Understanding your utility providers helps you plan your finances and potentially save by switching to better tariffs or installing a water meter,” Grainger suggests.
6. What is the property’s EPC rating?
Energy Performance Certificate (EPC) ratings affect energy bills. Grainger highlights the importance of a good EPC rating. “A high EPC rating means lower energy bills. Many new build homes offer better ratings, contributing to cost savings. Grainger’s properties are energy efficient and we engage residents in energy-saving initiatives.”
7. Can I redecorate?
Personalizing a living space is vital for comfort. “Knowing if you can redecorate, such as painting walls or hanging pictures, depends on the landlord’s policies,” Grainger explains. While less critical than financial aspects, it contributes to overall wellbeing.
By asking these questions, Grainger aims to help tenants make informed decisions and secure a satisfactory rental experience.