For landlords, letting to students can lead to good rental yields and straightforward annual contracts but it is important to get this right from the start.
New student tenants moving in?
- Choose the right agreement. Will you be issuing a Single or Joint Tenancy agreement? This means different liabilities and responsibilities for the tenants so ensure that tenants are clear on your expectations in the property.
- Conduct a thorough check in with your tenants. If you can make sure your new tenants are also present. It is a vital piece of evidence of the condition of the property when tenants move in that can be compared to the condition of the property at check out.
- Include a clause on nuisance. While most commonly a student ‘stereotype’, its best to inform tenants to be respectful of their new neighbours. This nuisance clause can be used to settle any issues should they arise.
- Remind students about no smoking policies and include this within tenancy agreements. Did you know it is an offence to smoke in shared areas of residential premises?
- Education is key! Keep your tenants up to date on their responsibilities and make them aware of potential deposit deductions should there be any damage or cleaning required at the end of the tenancy. This should also be outlined in your tenancy agreement.
Moving out day
Once your current student tenants have moved out it is likely that you will be looking for new students to move into the property as soon as possible.
It is however important that the property is suitable before the new tenancy starts.
Check out our top move out tips for a smooth moving in day!
- Remind current tenants that they should return the property in the same condition they received it in. They should refer back to the check-in report for this.
- Tenants should ensure that they clean and tidy the property, including any appliances before they move out. If the property has a garden this should also be maintained. Even if it is the responsibility of their housemate to clear their own room, an unclean room could affect everyone’s deposit. Refer them back to the tenancy agreement for a breakdown of their responsibilities.
- Don’t forget to remind tenants to communicate openly with you about any damage to the property or items that need replacing, this could help to avoid a deposit dispute.
- Be open to negotiating with your tenants should problems occur, you must be prepared for fair wear and tear in a property, as this is inevitable.
- Make sure you conduct a full check out inspection of the property, ideally it is best practice for the tenants to also be present so they can answer any questions you might have.
Why not pass on some of our expert advice guides on to your student tenants? This may help to reduce deposit disputes at the end of the tenancy.