Firstly, you will have to secure the property by paying the administration fee. Once this is paid, you can formally apply for the tenancy and we will take the relevant details from you. We will pass these details on to our in-house referencing team, who will liaise with you with regards to details on employment, finance, previous addresses and references.
These details are crucial for us to provide our client with all the information they require in order to make an informed decision on your tenancy application.
We will be guided by our reference team and if a Guarantor is required, they will be expected to fill out a similar form and will be subject to the same references and credit checks. Any Guarantor will have to be a UK resident, and have no adverse credit history.
Our administration fee is £125.00. There will be an additional charge of £75.00 per tenant per credit check. The administration fee goes towards the tenancy documentation to include the references and drawing up of the legally binding tenancy agreement.
The administration fee is non returnable if the credit and reference checks come back unsatisfactory or the tenant withdraws the application. The administration fee will be refunded if the landlord decides to withdraw the property from the market. If the property is withdrawn at any time, Andrews Estate Agents accept no liability with regards to any costs incurred or inconvenience suffered by the prospective tenant.
Once the references have been obtained and the credit check satisfied, we will move on to signing our law society approved tenancy agreement. It is important to note that you should not sign anything that you are unsure of and our negotiators, or a representative of your choice, can explain anything that you do not understand.
The tenancy agreement must be signed prior to the tenancy commencing. All applicants must be present at the signing of the tenancy and keys will not be released unless the tenancy has been signed by all named applicants.
In terms of fees, the bond and first months rent must be paid in advance of the signing of the tenancy. If you are paying by cheque, we will require a cheque a week before the tenancy commences.
A deposit (bond) is equivalent to a months rent plus £100.00 and that is held in the DPS (Deposit Protection Service). If the landlord is managing the property, then they will provide you with the details of where your bond is held.
All subsequent rent payments will then be paid by standing order and we will provide you with the paperwork on commencement of the tenancy.
We will inform all of the utilities that your tenancy has started and you will be obligated to pay the council tax, gas, electric and water charges during the period of your tenancy. It will be your obligation to obtain a TV licence and any parking permits, if required.
If we are managing the property on a day to day basis, we will liaise with you with regards to repairs and maintenance.
We carry out regular inspections on all of our managed properties and you will be given the appropriate notice for our visit.
If you wish to terminate the tenancy, we require one month’s written notice before the rent due date. Our minimum tenancy term is for 6 months.
We would always advocate setting up a mail redirection upon your departure and we will not be responsible for forwarding on any mail to your new address. Andrews Estate Agents have been managing properties for over 20 years and we have a team of contractors in place to give us, you and the landlord peace of mind.