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Tenants Guide To Letting

Tenants Guide To Letting

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TENANTS GUIDE TO LETTING

ADMINISTRATION FEE AND HOLDING DEPOSIT:  Once you have viewed a property that you would like to consider for a tenancy, we will record the details of your offer and inform the Landlord, if your offer is accepted (subject to contract and references) you will need to complete reference forms and pay a holding deposit of £500 in order to reserve the property.
The holding deposit includes the administration fee which is £100.00 Inc VAT per person over the age of 18 years. This fee does not oblige the Landlord to Let, or create or constitute a Tenancy Agreement between the Tenant, Landlord or Landlord’s Agent. The charge is levied towards costs for processing references and administration. Please note the holding deposit (including the administration fee) is non-refundable should you wish to withdraw your offer or should we receive unsatisfactory references. If a Guarantor is required a further administration fee of £50.00 Inc VAT will be payable for processing references and preparing the Guarantor Agreement.

REFERENCES:  We will require every applicant over the age of 18 to complete a Letsure tenancy reference form, and provide photographic identification and proof of address. Letsure will then obtain references from the information you provide on the form including a credit check. Letsure’s decision is final. Please note that the annual rent must not exceed 40% of your joint salary.

DEPOSIT:  The equivalent of one and a half month’s rental is usually required (this amount may vary depending on the property you wish to rent, so please ask for further details), before the start of the tenancy, payable to Martin Flashman & Co in cleared funds (bankers draft or building society cheque). The deposit will normally be held by us as stakeholders and insured under the Tenancy Deposit Scheme, of which we are members, but please check the Tenancy Agreement before signing the same.

TENANCY AGREEMENT:  A tenancy agreement will be drawn up. All tenants named on the tenancy agreement must sign the necessary documentation before commencement of the tenancy and keys will not be released until this is the case.

RENT: Paid in advance, normally monthly by Standing Order. Rent is paid from your bank account four days prior to your rent due date to ensure funds reach us/your Landlords account on the rent due date.

EXTENSION/RENEWAL:  If the term of the original agreement is extended there will be a charge of £50.00 Inc VAT to cover the cost of preparing documentation, for each and every extension or renewal.

CHECK-IN/OUT ADMINISTRATION:  At the commencement and on expiry of the tenancy an inventory check will be carried out to determine the condition of the property. Depending on which property you rent the tenant may be responsible for the Inventory Clerks check-in or out charges.

DATA PROTECTION ACT:  Martin Flashman & Co may pass your name and address details onto relevant interested parties, e.g. utility companies, landlord etc.

INSURANCE: The tenant is required to insure their contents prior to the commencement of the tenancy.

STAMP DUTY LAND TAX:  It is your responsibility to pay any Stamp Duty Land Tax (SDLT), which may be due on the tenancy agreement. We suggest you contact your local Inland Revenue office or visit www.inlandrevenue.gov.uk for more information.

ADDITIONAL CHARGES:  If we are required to undertake tasks on your behalf either to comply with your obligations under the tenancy agreement or you request we undertake task on your behalf on an ad hoc basis our time will be charged at £82.25 inc VAT per hour or any part of. We reserve the right to decline your request.