There are a number of steps which a potential tenant will need to go through in order to rent a property, some required by regulations and others designed to protect the tenant and the landlord in the event of a problem arising during or at the end of a tenancy.
Once you have selected a property you would like to rent and having had your rental offer accepted by the landlord, we will carry out a comprehensive referencing procedure which will include financial checks, employer’s reference and, where applicable, previous landlord’s reference. Should the referencing procedure be successful, we will then arrange a mutually convenient date for the tenancy to start and prior to moving in you will be asked to attend our office to sign the Tenancy Agreement and provide cleared funds for the first month’s rent and the deposit.
We will provide you with all the documentation required in relation to your Tenancy Agreement and the property which will include a full inventory/record of condition with detailed photographs to ensure that there are no disputes on the condition of the property at the end of the tenancy.
We may ask you to pay one week’s rent as a Holding Deposit, in line with the Tenant Fees Act 2019 (England only). This is to reserve a property and can be offset against the rent or deposit if the landlord and tenant enter into a tenancy agreement. Please note that this deposit will be withheld if any relevant person (including any guarantor(s)) withdraws from the tenancy, fails Immigration Act checks, provides false information in an application or where a tenant fails to take reasonable steps to enter into the tenancy agreement within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Hinson Parry & Company are members of the Deposit Protection Service (DPS) and your deposit will be held by the DPS for the duration of the tenancy. The DPS offer a free Alternative Dispute Resolution service should there be any dispute between the parties as to the return of deposit monies at the end of a tenancy.
Other fees which may be charged to a tenant during the course of a tenancy include:
- Default fees (for late payment of rent and replacement of a lost key/security device, where required under a tenancy)
- Changes to a tenancy (capped at £50 or reasonable cost if higher) where requested by the tenant
- Early termination (capped at landlord’s loss or agent’s reasonable incurred costs)
Further information on these fees can be provided on request.