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Tenant Renting Process

 

So, you've found your next home and the terms have been agreed. This is what happens next ...

 

Securing the Property

 

We will confirm the terms agreed and send you the initial application form online and a holding deposit is taken to secure the property and take it off the market. Once this is complete, the referencing process will begin and we will create your bespoke tenancy agreement. 

 

FIRST PAYMENT

The first payment is due immediately once terms are agreed ...

  • Holding deposit of half of the first month's rent 

  • Administration and referencing fee £210 per person (£175 + VAT)

Please note there will be an additional fee for checks as above where a guarantor is required 

£210 per person (£175 + VAT) per guarantor

 


Unavoidable Paperwork

 

Anti-money laundering documents are legally required as proof of your identity. You must provide us with a copy of a current passport, driving licence, original birth certificate, DWP or HMRC letter and one proof of address - utility bill, bank statement on bank letterhead or landline phone bill. All checks are completed by a third-party specialist, Rent4Sure. The tenancy agreement is drawn up once all references are approved and will be issued to landlord and tenant for online signature.

 

 

Moving in


Before you move in a detailed report outlining the condition of the property and its contents at check in is conducted by a professional inventory company. This establishes the expected condition of the property at check out. The check out charge is covered by the Landlord.

 

SECOND PAYMENT

The final payment must be received five working days before move in and is made up of ...

  • Second half of the first month's rent (the other half was paid initially as the holding deposit).

  • Security deposit: One and a half month's rent - held by the Deposit Protection Service and refundable at the end of tenancy subject to any mutually agreed deductions.

  • Check in charge of £96 to £120 (£80 to £100 + VAT) 

 

  • Security deposit: One and a half month's rent - held by the Deposit Protection Service and refundable at the end of tenancy subject to any mutually agreed deductions.

Other Fees and Charges

 

Unpaid Rent (during tenancy)

You will be charged interest of 8% above Bank of England Base Rate from date due on late rent payments plus an administration charge of £42 (incl VAT) for each failed collection.

 

Renewal Fees (end of tenancy)

When you reach the end of your contract, if you decide to renew your tenancy, we will charge to renegotiate the contract and update the contract. This will cost £120 (incl VAT).

 

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