September 19, 2010 05:01 ET

Residents Need to Know Their Rights as House Share Tenants

LONDON, UNITED KINGDOM--(Marketwire - Sept. 19, 2010) - The importance of knowing one's rights as a tenant while studying could prove invaluable in the event of a dispute. As sharing a home is a popular living arrangement for many UK students, proper precautions need to be taken before moving into a shared house. Endsleigh, the UK's student insurance specialists provide some useful information on what prospective tenants need to know concerning their rights.

Security deposits are common practice in the property rental market and knowing what a security deposit covers and what needs to be done to ensure that it is repaid once the lease period is over is vital. The landlord may retain a percentage of the safety deposit at the end of a tenancy for a number of reasons; for cleaning the home once vacated, damages accrued, or for outstanding or unpaid rent.

Another important factor is the tenancy agreement or lease. It is a written contract between a landlord and tenant stipulating the rights and responsibilities of both parties. Prospective tenants should examine the tenancy agreement carefully before signing it and question any clauses that seem odd or unclear.

When renting a house, securing a good insurance policy to protect personal possessions against theft or damage is essential. Some landlords may have insurance policies to protect their tenants' belongings, but it is advised to speak to the landlord to find out what cover is in place. If the property is not protected, taking out a student contents insurance policy can help minimise expenses in the event of a burglary. Each tenant should have a copy of the tenancy agreement to ensure everyone is on the same page and aware of what is expected of them.

About Endsleigh Insurance Services Ltd

Endsleigh is the trusted brand for student insurance, and the only insurance provider recommended by NUS.

Endsleigh is an independent intermediary specialising in the provision of insurance and financial products for career people.

Originally founded in 1965 to serve the student market, Endsleigh has since broadened its products and services for graduates and professionals, as well as being the preferred insurance supplier for a variety of trade unions and professional organisations. The company offers a wide range of services including life, motor, home and travel insurance.

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