The Review Autumn 2014 | Page 10

A PARENT’S GUIDE TO STUDENT LETTINGS ■■ Tenancy Agreement ■■ ■■ ■■ Deposit protected? ■■ ■■ ■■ Inventory ■■ ■■ ■■ HMO licence Energy Performance Certificate Are you the guarantor? ■■ ■■ ■■ ■■ ■■ Read through your child’s tenancy agreement thoroughly! Does the agreement stipulate your child renting a single bedroom or jointly renting the property as a whole? If you’re unsure of anything, check it with a solicitor first. If possible, visit the property before signing. A Deposit Protection Scheme protects your deposit and ensures independent assessment if there is a dispute. Ask the landlord to provide details of the Deposit Protection Scheme they have signed up for. Ensure there is a detailed inventory of the items in the property and a description of the condition the items are in. Take photos of as many items as possible and keep them on file. Be sure the landlord has seen the inventory and photographs before your child moves in. Check whether the premises needs a ‘House in Multiple Occupation’ (HMO) licence. An HMO licence means the accomodation meets living and safety standards for shared occupation. Ask the landlord for a copy of the Energy Performance Certificate (EPC). The EPC will give you an idea of the typical energy costs of the property. Be careful if the landlord wants you to sign as a guarantor. A “Joint and Several Liability” clause will mean you are guaranteeing payment for the whole property, including unpaid rent or damages by your child’s housemates!