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For your convenience, we have prepared this
overview of our guidelines used in processing all tenancy applications. Please feel free to ask any questions.
Helping
you find the perfect property
Our
personnel are fully trained in assisting tenants to find properties to rent
that will precisely meet their requirements. We maintain a database of
properties available to rent and also of prospective tenants and what they want
from their new home. As properties become available, our first action is to
contact waiting tenants on the database, whose requirements match the property.
Typically, properties to rent become available about 1-2 months before
occupancy date, so where possible we advise tenants to start looking early.
Viewings
Having
identified a potentially suitable property, we will arrange a viewing for you.
Our viewing times are between 9am–6.00pm, 6 day a week but later evening and Sunday viewing can be made and are naturally subject to the landlord’s or current
tenant’s permission. Every viewing is accompanied by a member of staff who will
be able to provide immediate advice and answer any questions that you may have.
We are an equal opportunities
housing provider
It is our policy to let our properties in full
compliance with anti-discrimination laws. We do not discriminate against any
person because of their race, colour, ethnic origin, sex, age, marital or
family status, physical disability or sexual orientation.
Assured Shorthold Tenancy
(AST)
The
majority of tenancies we create take the form of
an Assured Shorthold Tenancy (AST). This is a type or sub-group of an assured
tenancy, but with the AST, the landlord has the right to recover the property
at the end of the fixed term, provided that the proper notices have been served
on the tenant. An AST is the most common form of tenancy granted today and most
tenancies automatically become one unless the landlord specifies otherwise.
It is
essential that you thoroughly read and understand all of the clauses contained
within the tenancy agreement prior to commencement, as there are many
obligations that you will be expected to understand and abide by contained
within this contract (such as paying the rent and maintaining the property).
Tenancy length
Most
tenancy agreements are for an initial fixed term of 6 or 12 months. However, for tenancies commencing in the
summer, we recommend a fixed period of 8 or 9 months to avoid moving during the
winter period.
After the initial fixed term has ended and if both
parties are agreed, then the tenancy will shift to a periodic tenancy. This
means that the tenancy will continue as before with the same terms and
conditions as stated in the assured shorthold tenancy agreement but with a two months notice period on either side. This notice must expire at the end of the
period of the tenancy. Alternatively we can agree a new fixed term of 6 or 12
months.
Valid photo identification
and proof of address
In order for us to verify your identity you must be
able to provide us with current photo identification, for example a drivers
licence or passport. This must be an original identification document that we
can copy and attach to your application. We also require proof of your current
address in the form of a recent utility bill or bank statement (within last 3
months), tenancy agreement or driving licence.
Application and
references
Having decided on a property, you will need to complete a
written application form. At this time any details or requirements can be
provisionally agreed, such as commencement date and duration of the initial
fixed term.
All tenancy applications are evaluated in the
same manner, and each adult applicant (over the age of 18 years) must
voluntarily provide us with information, which will enable us to conduct
references and a credit report. Any
false or incomplete information will result in the denial of your application.
We will verify the information provided on each tenancy application through our
own screening process and with the assistance of an independent
tenant-screening firm. We require a fee per applicant to pay for the referencing
and credit report. This is a non-refundable charge.
Holding
deposit
On
application, a holding deposit will be required. This is usually a sum of £200.00. Assuming the rental proceeds, this will be deducted
from the invoice due before occupation. If A R E S Lettings
or the landlord decline your application then it will be refunded. However,
this will not be refunded if you decide against proceeding for any reason, or
if the tenancy fails to proceed due to incomplete or inaccurate information
provided in the tenancy application.
Income
The total combined monthly gross income of all tenancy
applicants in a given property must be approximately three times the monthly
rent. Only income that can be verified
will count. We expect all applicants
with income to provide at least three years of continuous employment. Full-time
students are welcome if the total applicants’ combined income is sufficient or
they have a guarantor. You must provide proof of source of income if unemployed
or three years of accounts if self-employed.
Joint tenancies
It is important to
remember thatall adult tenants are
joint and severally liable. This means
that each tenant can be held responsible for the payment of all funds due,
regardless of ability to pay. Agreements
must be in the names and signed by all tenants over the age of 18 who will be
residing in the property.
Credit history
You must
be able to demonstrate fiscal responsibility. If you have any unpaid debts, a
pattern of late payment or County Court Judgements (CCJs) against you, then
your application may be declined.
Rental history
Each
applicant must be able to demonstrate a pattern of meeting their previous
rental obligations, leaving prior properties in good condition if they have
rented before. If you have ever been evicted for violating a lease then your
application may be declined.
Guarantors
If you do
not meet one or more of the above criteria, you may be able to qualify for a
tenancy if you have a third party who can guarantee your tenancy agreement. The
guarantor must also pass the same application and screening process, must be a
homeowner and reside in the UK for the duration of the tenancy.
Tenancy and administration costs
An
administration fee of £70.00 is due,
prior to the commencement of the tenancy, to cover the tenant's share of
administration costs, including preparation of the tenancy agreement, any legal
notices. This is not a registration charge.
Additional tenants
Any proposed additional tenants must complete a
tenancy application form and be approved through this same tenant-screening
process prior to occupying the rental property.
Rent
This is
due one month in advance payable by bankers draft or cash for the first month
only (personal cheque is acceptable if funds clear by commencement date).
Subsequent payments are to be made by monthly standing order from one bank
account.
Security deposit
A security deposit equivalent to one
month’s rent / one and a
half month’s rent is required prior to occupation. Where a pet is
to reside in the property, a deposit equivalent to two months rent is required. A R E S Lettings will transfer to the Deposit Protection
Service (The DPS) within 14 days of the start of the tenancy and held by them
until the tenancy ends. Please visit www.depositprotection.com for further information.
The deposit is held to cover any breakages,
damage or other tenant liabilities. Where we are managing, at the end of the
tenancy we will check the property thoroughly against the inventory and assess
any damages and deductions due. Provided
there are no disputes over unfair wear and tear, damage or dirt, rent
outstanding or unpaid utility bills, the deposit will be returned to the tenant
within 14 days of the end of the tenancy. Under no circumstances is the
security deposit to be used as part or all of the last month’s rent
Council tax and utilities
Rental
properties are usually granted on an exclusive basis. This means that all
household expenses such as Council Tax, water and
drainage, electricity, gas, heating oil and telephone charges are all the
responsibility of the tenant unless specifically stated otherwise in the
tenancy agreement.
Landlords
are required to insure the buildings and their own contents. Tenants must make
their own arrangements for insuring their contents and possessions. We do require
proof of relevant cover in the form of a cover note or photocopy prior to
commencement.We can provide very competitive quotes for insurances please ask for details at office.
Inventory and check-in
A full ‘Inventory and Schedule of Condition’ for
the property will be drawn up prior to the commencement of the tenancy. This
details the contents and condition of the whole property. When we move a new
tenant in, we read through the inventory with you to make sure that you fully
understand and appreciate the condition of the property. Tenants are
responsible for the upkeep of the property for the duration of the tenancy and
we expect you to hand back the property in the condition that it was handed to
you.
Extension
/ renewal
Before
the end of your fixed period, A R E S Lettings will ask each tenant and landlord whether they wish to
extend the tenancy. If both parties agree, then the tenancy will be extended on
a periodic tenancy and continue on a month to month basis with a notice period
of two months on either side. Alternatively a new fixed term of 6 or 12 months
can be agreed. An administration fee of £35.00is required as payment towards preparing all relevant documentation
Notice
During the initial fixed term
of the tenancy, a notice period of one
month is required by any tenant. This notice can be issued on any day of
the month and must end no earlier than the last day of the tenancy. During this
fixed term, your landlord is required to give you two months notice, issued on any day of the month and ending no
earlier than the last day of the tenancy. All
notices must be made in writing. Your tenancy agreement will state the name
and address of to whom the notice is to be handed. As a general rule, if we are
managing the property, the notice will be addressed to A R E S Lettings and where we are not managing then the notice must
go directly to your landlord.
Check-out
At the end of the tenancy, we issue
tenants with guidance notes for moving out. Where we manage a property, we will
personally check tenants out of the property using the ‘Inventory and Schedule of Condition’, prepared at the outset of the
tenancy, for guidance. Tenants are responsible for the upkeep of the property
for the duration of the tenancy and we expect you to hand back the property in
the condition it was handed to you. An allowance for fair wear and tear will be
made. A charge (the amount depends on the property type)will be due
on checkout as payment towards the tenants share of preparing all relevant
documentation, terminating the agreement and arranging check-out.
If
you have any queries or questions about any of the above points, please feel free
to contact the office and we will be happy to discuss these issues in further
detail. Thank you.