Rent is only the starting point. Most London tenants will also need to budget separately for Council Tax, transport, gas and electricity, water, broadband, mobile phone, insurance and everyday subscriptions.
Council Tax is particularly unfamiliar to many Canadians. It is normally paid by the occupier, varies by borough and property band, and depends on who lives in the household.
Always establish which bills are included before comparing properties. A slightly higher rent with lower transport costs or some bills included can sometimes work out cheaper overall.
Council Tax explained
Council Tax is a local household charge that helps fund services including rubbish collection, policing, fire services and local government. Unlike Canadian property tax, tenants renting an entire property are normally responsible for paying it themselves.
Every property has a Council Tax band and each London borough sets its own rates, so two similarly priced homes can have quite different bills. A single adult can usually claim a 25% discount, while qualifying full-time students may be disregarded. In some shared houses and HMOs, Council Tax is included in the rent, so always check before signing.