Private Rented Accommodation
What is PRA?
Private Rented Accommodation is defined as a property owned by a landlord and leased to a tenant. The landlord, in this case, could be an individual, a property company or an institutional investor. The tenants would either deal directly with an individual landlord, or alternatively with a management company or estate agency (letting agency) caring for the property on behalf of the landlord. Landlords must be registered on the landlords register.
Private Rented Accommodation can come in the form of flats, apartments, or houses.
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Pros
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Cons
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Usually cheaper than Halls
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Quality of housing for students can be poor at times
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Get to choose who you live with
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Rogue Landlords and Letting Agents not responding to maintenance issues
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Growth in independence - you oversee all bills and upkeep
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Number of students exceed the number of flats in Edinburgh - highly competitive
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Possibility of rent increase year on year
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