Once you have viewed a property and decide to apply, we require you to contact our local office where you will be asked to complete a Pre Application Form. Subject to the landlords approval you will be referred to Van Mildert Tenant referencing agency to complete full application forms. Depending on the exact circumstances the formula can vary, but as a rule of thumb, tenants must have either a total monthly income of at least 2.5x the monthly rent, or savings equal to 2.5x the annual rent, or a combination of both. Depending on your circumstances credit history problems can often be resolved by naming a guarantor. If there’s a problem with your credit history we’ll call you and discuss your options and the possibility of a guarantor. For guarantors, the same formula applies, but guarantors must make 3x the rent, as they have their own living costs to cover.
You will be requested to pay an application and referencing fee to us to hold the property whilst the referencing company conduct comprehensive checks. This fee is non refundable should you withdraw from your application or you fail the reference process. PLEASE CLICK ON OUR TENANT FEES TAB FOR MORE INFORMATION.
In order to comply with Anti Money Laundering (AML) regulations we require 2 forms of identification for each individual such as driving licence, passport, utility bill etc for each applicant.
Acceptance of this application does not constitute an offer of a tenancy, references will be taken up by an independent company with your employers, bankers and previous landlords if applicable.
On receipt of satisfactory references you will be offered a Tenancy, you will be required to pay additional monies on the signing of the Tenancy Agreement. These are as follows :-
- First months rental amount (unless otherwise agreed in writing)
- Security deposit which is equal to one month’s rent plus £100, will be registered with the Deposit Protection Service or sent to your landlord to register with one of the approval deposit schemes. On occasion a holding fee may be requested which will be equal to one months rent plus £100 and will act as your security deposit subject to contact. The holding fee is non refundable should you withdraw your application.
- An administration fee for your Tenancy Agreement & check in documents
The final amount is to be is to be paid in cleared funds such as Bankers draft, Building society cheque or cash on your move in day. We are unable to accept personal or company cheques, unless paid 7 days in advance to allow the funds to clear. Please be aware that all Tenancies will be Joint and Several Assured Shorthold Tenancies (not including commercial properties) for a minimum period of 6 months.
The tenancy can usually be renewed for a further period ; the charge for an agreement renewal is £100 PLUS VAT and this is usually split between the landlord and tenant.
We will endeavour to arrange viewings at your convenience during office hours. We do require an address, a mobile telephone number and a landline telephone number in order to organise a viewing and ask for your co-operation with respect to this.
Unfurnished generally means that the property is provided with carpets, curtains, light fittings and some kitchen white goods.
Furnished usually means the above and larger items i.e. chairs, sofa, beds etc. However, it is always best to check. Fully furnished will usually include all furniture, kitchenware etc.