INFORMATION FOR TENANTS
References: – Once you have selected a property you would like to rent we will carry out individual references for each adult and name them on the tenancy agreement. Belgrave Property will carry out a credit check and an employer’s reference. In certain cases we may require a guarantor who will also be referenced.
Tenancy Agreement: – Belgrave Property will draw up an Assured Short Hold tenancy agreement and an inventory of the property will be carried out. Upon commencement of your tenancy you will need to sign the legal paperwork, pay the remaining balance due (see Costs section) and collect the keys to your new home.
Holding Deposit: – Once you have selected a property you wish to rent, a holding deposit (equivalent to the Administration charge) will be taken. This guarantees that the property is held for you and the referencing process can begin. If you decide that you no longer wish to proceed with the tenancy, for any reason, the holding deposit is non-refundable. If the landlord however withdraws the property from the market, your holding deposit will be returned in full.
Upon approval, your holding deposit will be returned, or can be offset against the costs mentioned below.
Your first month’s rent is payable in advance (i.e., the day you move in, or before). Your rent will then become payable as per your tenancy agreement. The first month’s rent will need to be paid using ‘cleared funds’ (i.e., bank transfer), thereafter, the rental payments will be paid via standing order directly from your bank account.
This will be one month’s rent + £100.00 (unless informed otherwise prior to agreeing to rent the property). It will be held by My Deposits. (The cost of any damage, cleaning required or unpaid rent will be deducted from the deposit).
Belgrave Property does charge a fee to cover the costs of referencing, paperwork, postage and administration involved in setting up the tenancy agreement. This fee is £150.00 per adult, in situations where a guarantor is required; our charge per guarantor is £150.00.