Rents in London are quoted either "Per Calendar Week" (PCW) or "Per Calendar Month" (PCM). When the rent is quoted weekly (PCW), the monthly rent can be obtained by multiplying the weekly rent by 4,33. Rentals are either "short lets", which can last up to six months or "long lets" which generally last between six months and 12 months, sometimes up to 24 months. In many cases, a standard rental agreement will last 12 months with a so-called "six-month break clause", meaning the agreement can be terminated after six months.

Unlike many other countries, most of the tenancy agreements will be negotiated between the tenant and the landlord and only few clauses will be legal standards. This offers vast negotiations opportunities, and therefore means that being advised is not an option for a tenant with little or no practice of UK laws.

Most estate agencies will use external referencing agencies in order to check references provided by prospective tenants, the cost of such checks being generally passed upon the tenant. If a prospective tenant cannot provide satisfactory references, it is possible to pay rent for several months in advance in order to make the landlord more comfortable.

In many London areas, rents can be negotiated with the landlords with a view to obtain discounts ranging from 5% to 20% of the advertised rents. This is also true of fees charged by estate agents which are also to be negotiated.

Deposits are normally held by external deposit holders, in order to avoid them being used unduly by the landlord or the estate agent.

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