"Assents Property were very quick to help with any issues, we have benefitted from great management and fast solutions."
Renting gives you greater flexibility than owning a property, however, it still takes time and money to find the right place and to move in. So it is worth your while to put some careful thought into finding somewhere that will suit you.
If you have found a property to rent, what happens next? The following steps will provide you with most of the information and advice you need to clinch the property in this fast moving environment and secure your home. Our tenants and landlords have awarded us a 5/5 stars agency for trust, transparency, efficiency and quality of homes. If you need further assistance, please contact us on [email protected] or call on 07954324477.
Simple Guide to Renting a Property from Private Landlord
Choose and decide on the area you want to live in. There are factors that will affect your final decision. Consider the below:
- Size of property – how many bedrooms do you need? Is this for your family and will need a house with garden? Or are you looking to share with a friend in an apartment?
- Is the bus, train, tube station near the property?
- How much will it cost to commute
- Do you need parking?
Get property details and review what may be most suitable for your needs. You may need to compromise to come to a final decision.
If you want to talk through your requirements and property suitability, please feel free to contact us. [email protected] or speak to Christine on 07954324477. We will be happy to help.
You must go and see the property and ask questions. This will allow you to test the journey and check out the local area ie shops, amenities, entertainment etc. It is important to get a ‘feel’ of the area and the property before making your decision.
Right to Rent - In order to fulfill compulsory 'Right to Rent legislation, Assents Property will ask to see forms of identification at time of viewing. ie passport, 2 forms of proof of address (utility bill (not mobile phone), driving license, proof of income and funds. If you are not British or EU citizen, we will need proof of residency status. Please ensure you have these with you, otherwise viewing may be declined.
Contact us at [email protected] or call Christine on 07954324477
Once you have made your choice, speak to us and we will guide you through the administration processes. Below is a basic guide of what this will entail including some costs and fees: Please see Tenants fee schedule 2019 and Tenant fee consumer guide 2019 for further details.
You will be asked to provide consent and pay one week's rent as a holding deposit. This acts as your commitment to rent and marketing of the property will stop. This amount will go towards the first month's rent, however it can be non refundable if:-
- You changed your mine
- Failed Right to Rent checks
- Provided false or misleading statements which may also lead to an unsuccessful reference
- Missed deadline to sign rental agreement due to delays caused by tenant/s
It is helpful at this stage to know some other costs / fees that can apply during your tenancy. Please also refer to your tenancy agreement for details:-
- Changes in tenancy, such as change in sharer/s residing in the property. £50 (inc. VAT) per change or any reasonable costs incurred if higher
- Variation of contract (Tenant's request) - £50 (inc. VAT) per agreed variation
- Early termination of tenancy (Tenant's request) - Should the tenant/s wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
- Replacement of keys, security devices or locks
- Any repairs or replacements due to damages caused by tenant/s
- Rent arrears charged at 3% above current base rate of outstanding amount
Security Deposit – this forms the bulk of the monies you will need to provide upfront apart from the initial month's rent. The sum of deposit required is 5 or 6 weeks of the rent, dependant on the type of tenancy agreed. Your deposit will be protected under a recognised deposit scheme for the duration of your tenancy. For example: If your rent is £1,200 per month, then a 5 weeks' deposit will be £1,384.62.
Rent – Rent is payable in advance of the occupancy and subsequent months during tenancy. Using the example above, apart from a £1,384.62 security deposit there will also be a £1,200 rent payable for the first month (less holding deposit). It is important to set up a monthly direct debit to ensure there is no lapse in payments.
Right to Rent - In order to fulfill compulsory 'Right to Rent legislation, Assents Property will ask to see forms of identification at time of viewing. ie passport, 2 forms of proof of address (utility bill (not mobile phone), driving license, proof of income and funds. If you are not British or EU citizen, we will need proof of residency status. Please ensure you have these, otherwise viewing may be declined.
Reference/s - This includes credit and affordability. We use an independent referencing agency to verify your income and status. They will require information such as, employer, current landlord and letting agent to obtain the necessary documentation/evidence to support your application. Please help to speed up the process by alerting all parties to expect communication and respond immediately. It is advisable to check back with the relevant persons to ensure they have responded accordingly.
Change of tenancy start date – Once a tenancy start date is agreed with the landlord, we will carry out administration work, which will require a minimum of 7 days. If you decide to change the tenancy start date, it will be prudent to inform us immediately, so this can be factored into the negotiations with the property owner.
Once we have successful references from all tenants, Right to Rent checks and with the landlords consent, we will email you the Tenancy Agreement. Please read this carefully and understand all it’s contents as it is a legally binding document. Should you have any queries, we will be here to help. This agreement upon issue is valid for maximum 7 calendar days. So it is important to process this stage as soon as possible to ensure you do not lose the property and the holding deposit.
The big day has arrived, we are sure you will be very busy!
We will arrange to meet you at the property to go through the workings of the property and to check the property against inventory which you will be given a copy.
We will take pictures and carry out handover utilities meter readings and will also inform the local authority of your occupation date for council tax purposes. Please bring with you (if you have not done so previously) your original passport/s and any other relevant documents for ‘Right to Rent’ checks. You will need to sign the inventory document to confirm your acceptance of the property and all handover information. After this, we will leave you alone to settle in and enjoy your new home!
Depending on the type of property, there will be certain on-going expenditure you need to consider apart from your personal spend. For your reference we list some of the key items:
- Bills – Council tax, Gas, Electric, Telephone / Broadband, TV, Water & Sewage. Please contact your supplier to set up an account.
- Insurance - Content insurance (It is good practice to cover your personal effects but also the property's contents with fixtures and fittings)
Note: It is important to check or seek help with your finances and budget carefully before signing up to a tenancy agreement. Failure to pay your bills and rent will have severe consequences as you may be evicted from your home and face financial/legal claims against you. Please refer to your tenancy agreement for full terms and conditions.