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Tenants

When you have viewed a property and decided that it is the property for you, a holding deposit is required to put your offer forward to the landlord and following acceptance to take the property off the market. The Holding Deposit is equivalent to 1 weeks rent, which will be deducted from your first month’s rent.

All tenants will be required to enter referencing. Tenants will need to pay one month’s rent and one month’s damage deposit in advance.

All ID must be valid and all Proof of Address must be dated within the last 3 months before the date your contract begins. Tenants will be required to provide the following documents:

Identification

  • Passport
  • UK Driving licence
  • National ID card

Proof of Address

  • Bank Statement/Credit Card Statement
  • Utility Bill (Gas, Water, Electricity)
  • Council Tax Bill
  • Letter from HM Revenues & Customs or Inland Revenue
  • Most Recent Mortgage Statement
  • Current House Insurance

Proof of local authority or state benefits:

  • Entitlement to Housing Benefit and Council Tax Benefit
  • Income Support
  • Job Seekers Allowance
  • Child Tax Credit / Child Benefit
  • Working Tax Credit
  • Incapacity/Disability Benefit

Proof of Employment

  • Last 6 months pay slips
  • P60
  • Letter from employer on headed paper confirming the following:
    • Salary (2.5 times the annual rent)
    • Start date
    • Job title
    • Permanent & full time position
    • Employment is not due to change

Self-Employed

  • Letter from your accountant confirming your last 3 years accounts.
  • Salary (2.5 times the annual rent)
  • Position held (i.e. director)

Tenant Fees:
The permitted payments are: Rent; Tenancy deposit (maximum five weeks rent where the annual rent is less than 50k and otherwise six weeks rent); Refundable Holding deposit (maximum one weeks rent). Refundable (subject to certain conditions) unless the tenant agrees that it can be used towards the tenancy deposit or first rent payment; Payment for loss of key/access device (limited to reasonable actual costs); Late rent payment fee where rent is overdue by more than 14 days. Limited to a maximum of 3% above the Bank of England base rate for each day payment is outstanding; Fee for variation of tenancy at the request of the tenant (limited to £50 or reasonable actual costs if higher); Fee for early termination at request of tenant limited to the actual loss (outstanding rent or less if a new tenant is found); Utilities, communication services and council tax not included in rent.

Members
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