What fees will I have to pay?
There is a non-refundable £67.00 contract and reference administration charge payable to cover the cost of taking up references, credit check, managing the inventory process and drafting the contracts.
A £27.00 renewal fee is payable upon renewal of contract.
What details do I need to provide?
You will need to provide a copy of your passport & the addresses of two referees for Residence Property to write to and confirm your ability to meet the rental commitment. These will normally include your bank or building society, employer, previous landlords, or for some, your solicitor and/or accountant and personal referee. You may also need to supply your employment contract along with your last 3 months salary slips or bank statements.
What is a Tenancy Agreement?
A tenancy agreement is a legally binding document between the landlord and the tenant. It details the terms and conditions, rental and deposit amount, length of the agreement, conditions and expectations, and health and safety requirements and provisions. All Residence Property properties are let for a minimum period of six months, and a maximum of 12 months, with an Assured Shorthold tenancy under the Housing Act 1988. Where more than one person is to live in the property, each and every tenant will need to sign the Tenancy Agreement and the rent will become the responsibility of all occupants. If one person leaves the property, the entire rent will still be due.
What happens with the rent?
The rental is paid monthly, usually from the day the contract is produced and signed or on your moving in date. If you move in, for example, on the 10th day of a month, the rent will usually become due on the 1st day of each subsequent month. Rents, unless specified to the contrary, are exclusive of Council Tax, electricity, gas, water and telephone charges.
What happens with the deposit?
In addition to the first monthís rent, a deposit has to be paid before you move into a property. This deposit is equal to 1.5 monthís rent.
The deposit will be held for the duration of the tenancy against damage or breach of contract. It will be paid into the Deposit Protection Service at the start of the contract and will be returned after the keys have been returned and an inventory check and condition inspection has been conducted and there are no missing items or damage to the property or its contents.
What do I do at the end of the tenancy?
If you want to leave the property at the end of the agreed tenancy, you must give one month notice in writing. If there is more than one tenant, notice must be given by all tenants. Your obligations stated in the tenancy agreement must be fulfilled in full. If they are not, deductions will be made from your deposit.
What is an inventory?
An inventory is a list of items, including their colour, condition and location which the landlord has provided for the property upon rental. The inventory should always be drafted upon commencement and, upon termination of the tenancy, it will be used to identify if there are missing items, breakage or damages, the cost of which may be deducted from the tenantís deposit.
What about Health & Safety?
The landlord is obligated to provide a safe environment in which you can reside. Full details of these obligations which relate to the provision of gas, electrical, and other appliances, plus building regulations and furniture and furnishings fire safety regulations, will be supplied to you with your tenancy agreement.
What happens if urgent maintenance is required?
The agent will provide you with a telephone number, which in the event of an emergency, will put you in touch with either the landlord, the agent, or a tradesman who will resolve the issue for you.
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