Tenant’s Guide to Renting

9 Steps to guarantee a successful tenancy

1. Work out your realistic budget

Understand what your monthly budget is and ensure it is affordable. As a rule of thumb, you should earn 30x times the monthly rent/share of rent. I.e. If you earn £30,000per annum, you can afford up to £1000.00 per month.

Take note of any other outgoing expenses whilst renting, the most common:

- Gas

- Electric

- Water

- Council Tax

- Broadband

2. Register your interest

We will spend time getting to know you and understanding your requirements so we can match suitable properties to you. We will also check that you meet our six-point-criteria:

Adequate income (30 x monthly rental amount as annual household income) or savings, good credit history; positive previous landlord references (if applicable); positive character references; right to legally reside in the UK; and availability to move in within a suitable time frame.

3. Finding the right property and conducting viewings

Our website and social media pages are updated with properties to rent before the property portals and our staff often have advanced knowledge of future listings before they reach our site so don’t be surprised if we call you to let you know about an ideal property before we have even taken pictures.

Viewing properties can be an exciting experience, and will help you to make a list of features you absolutely need so that you can base your decision on what you know is important.

Available Properties

4. Holding deposit

Once you have found that perfect property and your offer is accepted, you will be required to pay a holding deposit equivalent to one week's rent. The deposit will secure the property for you, and we will stop further viewings on the property. The holding deposit is refundable or is credited towards the security deposit or the one month’s rent in advance

Your holding deposit payment will be forfeited should you fail to comply with the terms set out within your holding deposit document

5. Referencing

The following checks will be carried out:

1) Employment/Income Reference

2) Previous landlord references (if applicable)

3) Credit checks - you must declare any adverse credit including CCJs, IVAs or Bankruptcys

4) ID checks

5) Right to Rent in the UK checks

6. Your tenancy agreement & move-in monies

You will receive your tenancy agreement to be e-signed upon receipt of satisfactory references.

You will also be asked to make the remainder of the payment for the security deposit and the first months rent. Security deposits are registered with a government approved scheme in which you will receive a certificate within 30days from the start date of your tenant

8. The inventory

You will be supplied with a Schedule of Condition for the property. This document records the condition of the property at the start of the tenancy, and will be used to compare the condition in which it is returned at the end of the tenancy.

We use an independent company to compile this document to ensure that it is fair and impartial. You do have a period of time to review the content before it is deemed accepted.

9. Key collection and MOVE IN DAY!

You will be met at the property for the key handover. The inventory report will follow via email a few days later.

Depending on the service we provide to your landlord, either our management team or your landlord will be your first point of call, but we’ll confirm this before you move in.

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Tenant’s Guide to Renting

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