Your Route Planner For Renting One Of Our Houses
To secure the property, all tenants must sign the tenancy agreement and pay the first month’s rent in advance, together with supplying a post dated damage deposit cheque, dated 1st June 2014, for £350. ( See below for a quick way for you to secure the house).
Once this has been completed we will then send out to your selected guarantor, a guarantor document for them to sign and send back in the SAE provided.
Once ALL guarantor documents are received, we will then send out fully signed copies of the tenancy agreement for everyone’s records. At this point the process is completed.
The final thing we do prior to you moving in to the property is to protect all your damage deposits. This is done via UNIPOL and their Government backed Tenancy Deposit Scheme.
It would be very useful if you and your parents can look at all the documentation prior to your viewing, not only so that if you want to proceed quickly everyone has read and understood all the legal elements of renting the property, but also so we can answer any questions you or your parents might have on the documents whilst the viewing takes place.
Financial Details On How To Secure The Property
Holding Deposit
An efficient and quick way of securing the property is to a pay holding deposit. This is where each tenant pays a non refundable holding deposit of £100. This total amount then contributes towards the first months advanced rent. The remaining balance of the first months rent must be paid together with the signing of the contracts within 14 days of the date on the holding deposit form.
Payments
Below is an example of 5 people sharing a house paying £4675 each per year or £89.90 per week, where each person has paid the holding deposit.
Upon the signing of contracts we would need the first month collective rent of £1,947.92 (this would be £1,447.92 if a holding deposit has been paid) either to have been paid into our bank account or receive cheques/cash to the value of the same amount, this is based on a 52 week let with the first month at half price. The methodology to support this is £93.50 X 5 = £467.50 x 50 weeks (1 month at ½ price, therefore 50 weeks not 52) = £23,375 divided by 12 months = £1,947.92 by signing and exchanging money both parties will have entered into a legally binding contract.
Damage Deposits
These are a component part of the tenancy agreement. However to show we empathise with so much financial outlay before you move in to the house we have decided to accept post dated damage deposit cheques of £350, dated 1.6.14. These should be made payable to P A Rowland and collected when we meet to receive any of the remaining first month’s advance rent and the signed tenancy agreements.
When these are banked in June 2014, as confirmed earlier, we will then register and protect your deposits via UNIPOL and their Government backed Tenancy Deposit Scheme. All of the tenants will then receive a PDF of the certificate via email which completes this process.
Please use the links below to download our various tenancy information mentioned above.
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