Property Management - Assured Shorthold Tenancy

One of the most important aspects of renting a property is ensuring that you do it through a legitimate organisation who are members of a governing body.

We are members of the N.A.E.A. (National Association of Estate Agents) and you can be assured by our experienced staff and comply with by-laws, regulations and accounting procedures to this governing body.

As a member of N.A.E.A. you will benefit from our experience, professionalism and compliance with N.A.E.A.'s byelaws, regulations and accounting procedures.

You do not pay introductory fees but there will be certain costs for you to cover for administration including the preparation of the tenancy agreement and taking up references.

What money do I need to find at the beginning?

Normally at least a month's rent in advance and the equivalent of a month to six weeks' rent to be held as a deposit against damage and dilapidation's (and the administrative charges noted above).

What else do I have to pay for?

The tenant usually pays the utility bills such as gas, electricity, water and telephone during the course of the tenancy, TV. License, etc; and the Council Tax applicable to the property.

How do I get my deposit back?

After an inventory check and condition inspection, provided there are no missing items or damage, your deposit should he returned shortly after you leave the property. You cannot set your deposit against the last rent payment due.

Normally, about ten working days to take up and confirm references, clear your funds covering the first rent period and the deposit arrange for inventories and the transfer of utility accounts into your name. We will not allow possession until all necessary paperwork references, proof of identification etc have been received.

How long is a typical let?

Most Landlords require it to be a minimum if six months and rarely agree to a tenancy agreement for longer than a year, but this will be down to individual landlords.

It is a legally binding document between you and the landlord, applicable only to you and the property you are renting, which states the amount of rent, the length of the tenancy, your rights and responsibilities. Your agreement will most probably be an Assured or an Assured Shorthold tenancy under the Housing Act 1988. However, for company lets and/or rental values over £25,000 a year, the agreement will be drawn up under contract law.

What information will I need to supply?

The addresses of referees for us to write and confirm your ability to meet the rental commitment. These will normally include your bank or building society, employer, previous landlords, or for some, your solicitor and/or accountant. In addition to these references we also require proof of I.D. and residence.

What are my responsibilities?

These are clearly set out in your tenancy agreement, which you should read carefully before you sign. If in doubt, we will be more than happy to clarify any points that may not be clear.

What must I do at the end of a tenancy?

Ensure you fulfill your obligations stated in the tenancy agreement to leave the property in the condition it was in at the start, or deductions will be made from your deposit. These will include thorough cleaning and all linen, used or not, freshly laundered. If you have moved furniture, return it to where you found it at the time of the inventory.