|Advice on tenants Rights|
This information is given for general guidance only and should therefore not be relied on. It has been prepared by an experienced letting agent operating in the UK market.
Make sure you have details ready of who is going to provide your references (for example, employers, previous landlord or agent, bank account etc) It is normal these days that if you are renting via an Agents that they will use a Credit Search Company. They will normally make a charge per applicant for this search.
Credit Search Companies normally work on 30 X rent. e.g. rental of £650 pcm X 30 = £19,500 (applicant must earn this amount per annum Ė if not a guarantor might have to be used) * The credit search company reserves the right to charge for a Guarantorís reference in addition and this will be charged out at the normal applicant rate.
are paying a 'reservation' or 'holding' deposit whilst your application for
a tenancy is processed, make sure you get a receipt and a Holding Deposit
Agreement from the Agent that sets out the terms of this initial deposit and
any circumstances under which you may or may not get your money back.
Rent is usually paid a calendar month in advance. The first payment will be made by bankers draft/building society cheque (not a personal one) and or Part Cash. Because of money laundering regulations most Agents are only able to accept a maximum of £500 in cash. Subsequent payments are normally made by standing order or the Agent or Landlord. If the payment of rent is late, interest is payable as shown in the Tenancy Agreement.
DEPOSIT & INVENTORY
A deposit equivalent to approximately 6 weeks rent will normally be required to settle any claim for dilapidations, or any other breach of the tenancy agreement, which may arise, during the tenancy or at the termination of the tenancy. The deposit will be held by the Agents or the Landlord. If the Landlord is holding it, you should ensure that it is held in a separate bank account, as it is your money and not the Landlordís.
sure that you are present to check the inventory when you move in and out of
the property so that you can agree to any amendments. We recommend that you
keep a signed copy of both the checking in and checking out inventory. This
document will form the basis of any compensations claimed against you by the
the Agents have received acceptable references after consultation with the
Landlord, a Tenancy Agreement will be prepared for the Tenantís signature.
The cost. Release Clauses are not normally incorporated in a Tenancy
Agreement so if you want a Release Clause, you must agree this before you
Leaflets on Council Tax should be available from the Registration Officer at the Council together with information on rebates etc. A 25% discount is usually available on Council Tax for single occupancy. It is the responsibility of the tenant to pay for a TV License in respect of the property they are renting. In most cases water charges are now paid for by Tenants in renting a property
Water - Water Industry Act 1991 Ė Information about water meters for home movers.
Since 1989, most new homes built in England and Wales have had a water meter installed. In addition to this, many water company customers previously on a non-metered supply have opted for water meter.
Since 1st April 2002 companies like Three Valleys Water Plc in England have been installing water meters when a property is sold. From the 1st January 2005 this company will also be installing meters when a property is rented out.
government act covering this is under S1444B of the Water Industry Act 1991.
Make sure that you are provided with a Landlords Gas Safety certificate and if you are renting a furnished property that the furniture has fire safety labels on it (arm chairs, beds, cushions etc) and that a note is made on the inventory to that effect. The Landlord must also make sure that electrical wiring and appliances are safe.
∑ (Association of Residential Letting Agents)
∑ (National Approved Letting scheme)
∑ (National Association of Estate Agents) or
∑ (Royal Institution of Chartered Surveyors)
agent will have certain obligations but these may vary from simply letting
the property to letting and managing the property. Find
out what the agent's responsibilities are. If they are simply responsible
for letting the building, find out who is responsible for managing/
maintaining the property.