Renting a property in Peterborough can be an exciting venture, whether you’re a seasoned renter or stepping into your first flat. However, amidst the thrill of moving, many tenants can fall prey to common pitfalls that might lead to problems down the line. Drawing from our extensive experience at Tortoise Property, here are the ten biggest mistakes that Peterborough tenants should avoid when renting a property.
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1. Not Reading the Lease Thoroughly 
The most prevalent error is skimming rather than scrutinising the lease (AST) agreement. Every clause is crucial, from your responsibilities to those of your landlord. Understand what you are signing up for, query ambiguous terms, and don’t rush through the document.
2. Overlooking the Property Inspection
Before moving in, participate actively in the property inspection. Check for existing damages and ensure they are documented so you’re not held accountable upon moving out. This could save you from disputes over your security deposit in the future.
3. Underestimating the Importance of Renters’ Insurance
Many tenants believe that the landlord’s insurance policy will cover their personal belongings, but this is a misconception. Renters’ insurance is indispensable for protecting your valuables against theft, fire, or other damages.
4. Failing to Budget Correctly 
Underestimating monthly expenses is a common blunder. Beyond rent, consider council tax, utility bills, internet, and other unforeseen costs. Create a budget that realistically reflects all potential expenses.
5. Neglecting to Research the Area
What looks great during a daytime viewing might be different by night. Research the neighbourhood regarding safety, transport links, local amenities, and noise levels to ensure it meets your lifestyle needs.
6. Ignoring the Fine Print on Subletting
Subletting can be an attractive option to cover rent during absences, but it’s often bound by strict rules. Always check your lease terms and obtain written permission from your landlord before subletting any part of the property.
7. Not Communicating Maintenance Issues 
Sometimes tenants delay reporting maintenance issues out of fear of bothering the landlord. However, unreported problems can worsen over time, potentially leading to bigger repair bills for which you might be held liable.
8. Paying Too Much Upfront
Be cautious if asked to pay an unusually high deposit or more than one month’s rent in advance. While some upfront payment is standard, exorbitant initial fees can be a red flag for rental scams.
9. Failing to Secure a Written Agreement
Verbal agreements might seem convenient, but they provide no proof should disputes arise. Ensure all agreements, especially those concerning repairs and special conditions, are documented in writing.
10. Not Understanding Your Rights and Responsibilities
Many tenants aren’t fully aware of their rights, which can lead to exploitation. Familiarise yourself with tenant rights under UK law, such as the right to a safe and habitable living environment and the procedure for dealing with evictions.
Renting in Peterborough, like in any city, comes with its challenges, but awareness and preparation can mitigate most risks. By steering clear of these common mistakes, you can ensure a pleasant renting experience in this vibrant city. Remember, knowledge is power, especially when it comes to finding and maintaining a happy home. If you would like more information on being a tenant with Tortoise Property be sure to take a look at our page for tenants here.
Also if you would like to register with ourselves to help you find your first or next rental property please click here.