Leicester Student Rental Market

The student rental market in Leicester is highly competitive, with a large demand for terraced houses in particular. These properties are popular among students due to their proximity to the city's universities and colleges, as well as their relatively low cost compared to other types of housing.

However, the competitiveness of the market means that landlords must take steps to keep their properties upgraded in order to attract and retain tenants. This includes maintaining the property in good condition, making any necessary repairs, and keeping the interior and exterior of the house looking clean and presentable.

One of the most important upgrades that landlords can make is to improve the energy efficiency of their properties. This can include installing double-glazed windows, insulation, and energy-efficient heating systems. Not only will this help to reduce the cost of utility bills for tenants, but it will also make the property more environmentally friendly.

Another upgrade that landlords should consider is to install modern amenities such as high-speed internet and cable TV. Many students rely on these services to stay connected with their studies and their friends and family, and they will often be willing to pay a premium for properties that offer these services.

Finally, landlords should also make an effort to keep their properties safe and secure. This can include installing security cameras, alarms, and locks on all doors and windows. This will give tenants peace of mind and will help to deter crime in the area.

Overall, the student rental market in Leicester is highly competitive, and landlords must take steps to keep their properties upgraded in order to attract and retain tenants.

Written by First 4 Lettings

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PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.