We hope this guide will be helpful to you, our friendly and knowledgeable staff will be happy to help with any enquiries or queries you may have at any stage of the process. 

 

Payment of Rent: The first instalment of rent must be paid in cleared funds when singing your tenancy agreement. Thereafter, rent is payable by standing order (unless agreed otherwise) to arrive on the due date as stated in the tenancy agreement. This means that the standing order must be set up on your account so that your funds leave your account three days before the rent is due. Rent is exclusive of electricity, gas,water, telephone (wifi) and council tax 

 

Right to Rent in the UK 

Since 15th of January 2016 the government has introduced a right to rent which is legal obligation for both agents and landlords to carry out on each tenant at the start of the tenancy and at the point of renewal. Click below for the government detailed guide https://www.gov.uk/government/publications/right-to-rent-document-checks-a-user-guide without this we will be unable to offer you a tenancy agreement.

 

Below are three different types of tenancy agreements which we use, if you are unsure of which tenancy you will need to apply for please have a read below 

 

Every tenancy is subject to referencing and contracts.

 

Assured Shorthold Tenancy Agreement (AST): This is the most commonly used agreement. It can be used for houses and flats i.e. self contained units. It can also be used where a house or flat is rented as a whole to a group such as groups of students, young professionals, families etc.

 

The following fees applies for AST agreement. 

• Holding deposit : This will be taken at the point of the offer being agreed and used to reserve the property. You will be required to pay 1 weeks rent.  

• First months rent: A monthly rental figure is calculated by multiplying the weekly amount by 52 (weeks) and dividing this by 12 (months).

• Damage deposit: A deposit equivalent to five weeks rent is required before your move to cover any damage caused during the duration of the tenancy.

• Additional cost's during the tenancy: All tenants are required to register for all utilities which included Gas, water and electric. You will also need to pay and register for your council tax band ( student's will be required to register but not pay)

 

 Additional Fees:

• Tenancy default fees: Limited to late payment of rent charge capped at 3% over BOE base rate and loss of keys 

• Early surrender fee: £50 (inc VAT)

• Change of occupants fees: £50 (inc of VAT)

 

 

 Below are two different types of agreements should you be moving due to work 

Company Let Agreement: This agreement is for use where the tenant is an incorporated body (e.g. a limited company, limited liability partnership (LLP) etc). Where there is more than one tenant none of them must be individuals. They must all be incorporated bodies. The tenancy is not an assured tenancy.

 

Common law tenancy: A fixed-term tenancy for a residential property, for use when an assured or assured shorthold tenancy is inappropriate; for example, a letting to a company, a tenancy where the annual rent is more than £100,000. 

 

The following fees applies for a Company Let Agreement and Common law tenancy:  

• Holding deposit : This will be taken at the point of the offer being agreed to reserve the property you will be required to pay 2 weeks rent.

• Tenancy/ Administration fee: £300 (inc VAT) for drawing up the tenancy agreement 

• First months rent: A monthly rental figure is calculated by multiplying the weekly amount by 52 (weeks) and dividing this by 12 (months).  

• References : £60 (inc VAT) All "tenants" will be referenced by Van Milder who is an independent referencing company before the start of the tenancy.  

• Inventory: It is customary for an inventory to be carried out at the commencement and determination of the tenancy. This cost is subject to the size of the property and how many rooms. The tenant will be required to pay this fee before the start of the tenancy. 

 

Additional Fees:

• Renewal fee: £150 (inc VAT) to renew the agreement for a further term.

• Tenancy default fees: Limited to late payment of rent charge capped at 3% over BOE base rate and loss of keys 

• Early surrender fee: £90 (inc VAT)

• Change of occupants fees: £90 inclusive of VAT