Renting Student Accommodation in Lancashire
If you are a landlord looking to rent student accommodation in Lancashire, there are many options to choose from. However, there are some important things to bear in mind before you decide to rent to students.
Furniture – All individual bedrooms should be furnished with a bed, wardrobes and drawers. Desks are also essential in the communal sitting room for students who work from home. Soft furnishings like curtains and carpets should be provided as well. Appliances – A freezer, cooker and washing machine are fairly standard in Lancashire student accommodation. A dishwasher is desirable but not essential. Fast broadband and Wi-Fi are also essential. TV – Although not essential, most students want a flatscreen HD TV in their rooms. Prices for flatscreens are very reasonable and students will be willing to pay a little extra to have one in their room.
Many student landlords prefer to let their properties to groups of students rather than single tenants. This reduces the likelihood of problems such as non-payment of rent and damage to property. It is also more cost effective for landlords, as it allows them to split the overall rental costs between a larger number of people.
Tips For Renting Student Accommodation in Lancashire
It is important to note that renting a house to Lancashire student accommodation, as with any other type of tenancy, will require you to comply with the same legal requirements as any other landlord in the UK. This includes gas and electrical safety checks, fire risk assessments and deposit protection. You will also need to be registered with the local authority as a House in Multiple Occupation (HMO) landlord and you must ensure that any students occupying your property are fully aware of the fact that they are not entitled to claim council tax reductions.
You must also make sure that all upholstered furniture (including mattresses) is fire safe and compliant with the Furniture and Furnishings (Fire Safety) Regulations 1988. Look for sewn-on labels stating that the furniture complies with these regulations. If you find any that do not, you should report them to your local Trading Standards office.
Furthermore, accommodations now offer a wide range of amenities to cater to the diverse interests of students. On-site fitness centers, swimming pools, and sports facilities promote a healthy and active lifestyle. Study rooms, group discussion areas, and dedicated learning spaces provide students with additional academic resources and collaborative environments. By providing these amenities, student accommodations create vibrant communities that facilitate personal growth, social connections, and a balanced lifestyle.
Students tend to be dependable tenants and are usually intelligent, meaning that you should not experience much difficulty in resolving any issues that arise during their tenancy. Many students will also be able to provide a guarantor for their tenancy, which means that missed rent payments are less of a problem as the guarantor will be liable for them. You should also consider obtaining a landlord insurance policy that specifically covers unpaid rent. There are a number of companies that offer student contents insurance, so be sure to shop around before you buy. The University of Central Lancashire offers a wide range of student apartments, ranging from standard rooms with shared bathrooms to fully-furnished studio apartments at iQ Kopa. The apartments are close to the university and are within walking distance of Preston City Centre. They offer a choice of en-suite or self-contained rooms and include all bills in the rent.