As a Tenant, finding a property to rent can prove to be difficult! There is usually a shortage of properties coming onto the rental market in the West Somerset area, and for every property that does become available there will be a number of interested parties. This results in properties not being on the market for very long!
We would advise you to start looking at least 4 – 6 weeks prior to wanting to take a property. You may want to consider taking a property prior to actually needing it, this might also help you secure the property, as most Landlords will not want their property to be empty for more than a couple of weeks.
We also advise you that if you are moving into the area, you might want to consider subscribing to the local paper (The West Somerset Free Press). Most of the Letting and Estate Agents advertise in this paper and it will give you a good idea of what properties come onto the market. It will also give you a taster of the way of life in the region.
Within the West Somerset area there are localised differences in rental prices, generally with a premium on Minehead & Alcombe and some of the more popular outlying villages such as Porlock & Dunster. You may also find that rents within certain periods of the year can vary with a premium on Spring & Summer when the area is at its busiest.
Propertymark Conduct and Membership Rules
To see all the rules and regulations please go to www.propertymark.co.uk/media/1045366/conduct-and-membership-rules.pdf
On 4 March 2019 the Government passed The Client Money Protection
Schemes for Property Agents (Requirement to Belong to a Scheme etc.)
What Is Client Money Protection?
Client Money Protection is a compensation scheme which reimburses
both the landlord and the tenants if an agent goes bust or misuses client
money (loss, theft, misappropriation).
NB: Client money can include:
• Other client funds held by agents such as cash float to pay for
maintenance and repairs
• Unprotected deposits, i.e. those not registered or those that fall
outside of the requirement to be registered
• Fee money taken in advance
• Money held by agents appointed as a receiver under the Law of
Property Act 1925
• Sale proceeds
• Any interest earned which is due to the client
From 1 April 2019, all property agents in England holding client money
must belong to a government-approved Client Money Protection scheme.
Once an applicant has viewed a property and decided that they would like to proceed with a tenancy at an agreed level of rent over a fixed term, and the Landlord and the Agent are both happy in principle with this, then a tentative acceptance of this offer will be subject to the following requirements:
- All referencing forms are returned completed & signed.
At this point and ONLY AT THIS POINT will the property be removed from the market.