1.MAKING AN OFFER
Once you have found a property that you would like to rent, we will liaise with the landlord to negotiate rent and terms. The minimum term for tenancies is 6 months and rent is usually payable per calendar month in advance.
2.SECURING YOUR DEAL
When the terms have been agreed for your chosen property, you will be required to make a holding of £500 to secure the deal. This amount will be deducted from the first month’s rent before you move in. Should you withdraw from the transaction after this point, or references are not acceptable, your deposit and referencing fee will not be refunded.
References will be taken on all tenants. We will use a credit reference agency and will need you to complete a reference form within 24 hours of receipt and employment details will be required as well. The tenant will be responsible for the cost of referencing as detailed below in schedule of charges. In certain cases, e.g. students or new arrivals in the UK, we may require a guarantor or 6 months’ rent in advance. References will also be taken on the guarantor at an additional cost.
When satisfactory references have been obtained, we will prepare a Tenancy Agreement between the Landlord and Tenant. This must be signed by both parties prior to the commencement of the tenancy. There will be a charge payable by the Tenant to cover the administration costs involved and this is detailed below in schedule of charges. An example Tenancy Agreement template will be available upon request.
5.BEFORE YOU MOVIN IN
Before you can move into a property, you must pay one calendar month’s rent in advance and a security deposit of equivalent to six weeks rent. The deposit will be held us as a Stakeholder or by the Landlord against any damage to the property (details will appear in the Tenancy Agreement). The deposit will be returned after completion of the Check-out at the end of the Tenancy, subject to the condition of the property and payment of all utility accounts.
There will usually be a Check-in inspection of the property with an inventory clerk before you move in, to record the condition and contents of the property at commencement of the term. The Landlord will usually pay for this. As a Tenant, you will be responsible for paying all utilities, i.e. Gas, Electricity, Water, Council Tax, Telephone and TV Licence charges. Therefore, you must register with the relevant companies unless the property is managed then it will all be done for you.
We will arrange a standing order mandate for your rental payments, however it is the tenants responsibility to check that payments have been set up correctly as the bank will not discuss your account with a third party. Please note that where late rental payments will incur a
There will be a check-out inspection of the property with an inventory clerk when you move out to record the condition and contents of the property at the end of the term. This will determine the amount of the deposit to be returned after vacation. The charges for the check-out are payable by the Tenant.
If you wish to stay on in your rental property after the end of your initial tenancy, we will arrange a renewal for you, subject to the Landlord’s agreement. We will prepare a new Tenancy Agreement for you and the cost of this will be discounted as detailed below in schedule of charges.
10. COMPANY LETS
For a tenancy where the rent is paid by a company, please note this will not be an Assured Shorthold Tenancy Agreement. As a result the Tenancy Agreement will need to be signed by an authorised company signatory (usually a Director).
• HOLDING DEPOSIT £500.00
When the terms have been agreed with the landlord for a rental property, the Tenant will be required to make a holding deposit of £500.00 to secure the deal. This amount will be deducted from the first month’s rental payment. Your holding deposit is fully refundable (subject to the landlords acceptance), once the offer is agreed £500 is not refundable should you withdraw the offer or if your references are not acceptable. We will be happy to advise you during the process should you have any questions or concerns about the offer.
• ADMINISTRATION COST | 1 weeks rent + VAT
This cost will cover all tenant references (excluding guarantors), administration costs involved in preparing the tenancy agreement. A discounted rate will be payable on any renewal or extension o£100. Note that there will be an extra charge of £100 per guarantor.
• DAMAGE DEPOSIT 6 WEEKS RENT
A security deposit of six weeks rent will be required for all tenancies, payable in advance. Students will be required to pay 8 weeks deposit.
• LATE RENT PAYMENTS £15.00
Where Archview Properties Ltd. are responsible for collection of rental payments and/or management of the property, late rental payments will incur a fee as above to cover the costs of recovering payment. This charge is in addition to any interest or costs payable to the Landlord under the terms of the tenancy agreement.
• CHECK OUT FEE from £84.00
The tenant will be responsible for paying for the Check-out fee for checking the inventory at the end of the Tenancy. In other cases the fee will usually be deducted from the security deposit and the costs may differ to those above. The cost will vary according to the size of property.