Allan Howard & Co
Allan Howard & Co

020 8907 2525

kenton@allanhoward.co.uk

Renting Process

https://www.gov.uk/government/publications/how-to-rent/how-to-rent-the-checklist-for-renting-in-england

1Finding the right property

If you're looking for a property to rent, Allan Howard & Co will endeavour to help you find the perfect property. Register your requirements with us and the Allan Howard & Co letting team will ensure your search for the ideal home is as quick and rewarding as possible. Why rent property through Allan Howard & Co? Choice – we work with reputable landlords who have high quality properties in all local areas. Local knowledge – most of our staff live locally and will tell you everything you need to know about the area Peace of mind – We are also registered with The Property Ombudsman, ensuring we work to the highest industry standards Management experience - many of our Landlords use our Property Management services, which provides you with efficient support and services when required

2Holding payments

Once you’ve found a property you like you should put down a holding payment. This will secure the property and the agent will not arrange any more viewings. When your offer is accepted this money will form part of the initial rent or your deposit or perhaps be set against the agency charges. If you pull out, you lose the money but if the landlord cannot or will not let to you it will be returned.

3Referencing

Once you have placed your holding deposit, you will be required to undergo reference checks to confirm your identity, your place of work and your earnings, and to confirm that you do not have any adverse credit. You will also be verified as permitted to reside in the UK and are not subject to any immigration controls. You should declare if you have any unsatisfied CCJ or bankruptcies as this may jeopardise your application. You will be asked to provide a photographic ID together with evidence of Right to Rent in the UK, your earnings and your current address.

4Guarantors

If you are on a low income or want to live in an expensive house you may need a guarantor. A guarantor is someone who should have a clean credit history, a homeowner and/or be in full time employment with take home earnings of a minimum of 3x monthly rent. The guarantor should understand their obligations as they will be asked to sign a legally binding document agreeing to certain conditions which will include paying the rent if for any reason you are unable to meet your commitment. .

5Your Tenancy Agreement

The tenancy agreement will be the legal document that details your rights and obligations as tenants, and the obligations and expectations of your landlord, and the agreements made by all parties. It will set out the core terms and will include all the rules of the property. You should make sure your agent or landlord gives you a copy of the draft tenancy agreement well ahead of the start date of the tenancy for you to read in the comfort of your own home and you should ensure you do this so you are clear as to what you are signing. If you are not sure of anything contained in the agreement, ask the agent for clarification, seek legal advice or get help from the Citizens Advice Bureau..

6The security deposit

Before you move in, you will need to pay a security deposit along with your first months rent. Your security deposit (also called damage deposit) is there to indemnify the landlord against loss of rent or to pay for any damage if you were found to be responsible for causing it. In general, the amount required is equivalent to 4 weeks rent. By law this must be protected in a Government approved deposit scheme within 30 days from the start of the tenancy The Landlord or his Agent is required by law to give you “Prescribed Information” with details of the relevant scheme.

7The Inventory

The Inventory and/or Schedule of Condition processes is a formal way of noting the cosmetic condition and contents of a rented property. This descriptive information will, ideally, be supported by good quality photographs. The Inventory document is then given to all parties to sign at the beginning of the tenancy to confirm that it’s accurate. Check it carefully and question anything that you do not understand. At the end of the tenancy, the same document is then used compare the state of the property and on the findings of this comparison the deposit is then awarded appropriately.

8The end tenancy process

There are strict timescales involved in ending a tenancy. This starts from the date notice is served which is usually one or two months, depending on what has been agreed. Once notice is served the clock starts ticking. The date you leave will be agreed and the agent will put the wheels in motion. If the property is put back on the market, viewings may take place so it’s important to keep the property looking nice for them to show round prospective new tenants. If an inventory was compiled when you moved in, the inventory clerk will meet you at the property on your last day to conduct the check-out process and at that point you surrender the property back to the agency by handing over your keys. From that point on you will not be allowed to return to the property. The agent will then be in touch with you within 10 days of that date to arrange the return of your deposit if there are no deductions. If, however the landlord wishes to make deductions from your deposit, there will be a set procedure for that to take place. Details of which can be found on the website for the deposit scheme that is being used.

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Refundable Holding Deposit: 1 Week The deposit will not be returned if the tenant fails a right to rent check
Security Deposit: 5 Weeks
Rent: As agreed with landlord
Changes to Tenancy: £50.00 Inc VAT(or reasonable costs if these are higher)
Early termination charge: According to costs incurred and re-letting of the property.
Late payment of rent: 14 Days or more overdue, fees not to exceed 3% above Bank of England base rate
Replacement keys:  Cost price
Change of names for Utilities,council tax: Payments in respect of utilities, communication services, TV licence and council tax;
Communication services,TV Licence ETC: Tenants responsibility
Client Money Protection Scheme: Property Ombudsman

BEFORE YOU MOVE IN:

Holding deposit : £500 (to be taken off overall amount owed before releasing the keys.

Deposit Amount : Equivalent to 1 months rent.  Lodged in the relevant government deposit schemes (MyDeposits, DPS or TDS) by either Allan Howard & Co or Landlord with an issued certificate as proof.

Withdrawal fee: £500
Once your offer has been accepted, you will be asked to pay a holding deposit amount of £500.  You will receive a receipt for these funds which details terms and conditions.  In the event that you withdraw from the tenancy or fail the checks, you will lose the holding deposit amount.

Tenancy Renewal Fee:  No fee

ENDING YOUR TENANCY:

Check out fee : None.  Landlord to pay