Please read the following information which will provide you with a brief guide through the process and provide information on how much your tenancy is likely to cost.
We will require the following documents from you and any joint tenants prior to the tenancy:-
- Identification – Passport/driving licence and utility bill
- Visa if non EU citizen
- Proof of income ; wage slips and bank statements (last 3 months)
You will also need the finances to cover
- Deposit and first month’s rent
- Tenancy reference cost (see below)
Before setting up a tenancy, we will need to take up references and credit checks on you and any joint tenant over the age of 18. We will need to check your employment history, last 3 years address history etc. Please ensure you make any issues clear on your application form.
The cost will be £150.00 for the first tenant (includes drawing up Tenancy Agreement, all relevant administration, lodging tenants deposit with My Deposits, Credit checks, referencing, and ID checks), plus £50 for each additional tenant over the age of 18 years.
Where a guarantor is required, an additional fee of £100 will be charged.
Unfortunately, we are unable to refund the fees above in the event that you withdraw from the tenancy or the credit checks/references are not suitable.
Your Deposit will be registered with the “ MyDeposits” scheme, they will send you details once this has been registered. At the end of the tenancy – you will need this information to be able to release the deposit. Full contact details will be on your tenancy. In the event of a dispute,( if there are dilapidations to the property or cleaning issues) and the amount to be returned to the landlord to resolve this, cannot be agreed upon, we will use the Dispute resolution service provided by the Scheme. For more information about the scheme visit, www.mydeposits.co.uk.
Inventory/Schedule of Condition
It is advisable for the security of both tenant and landlord that an inventory is taken. We use a third party inventory expert (Moor Inventories) to carry out this inspection and the cost is shared between landlord and tenant. You will be given a copy of this report as evidence of the condition when your tenancy begins and it will be used at the end of your tenancy to establish the condition on leaving and the return of your deposit.
The tenancy agreement is a legally binding document and once signed, you will be responsible for paying the rent for the full 6 month term.
If we are managing the property, we will visit you at the premises 3 months into your tenancy and again after 6 months. These visits are necessary to check that all is well at the property for both you and the landlord. Please notify the office as soon as you notice any damages or issues.
Summary of Costs