Tenants 10 Step Guide
I’ve Found A Property, What Next? A 10 Step Guide…
Stage One: Viewing
1. Book a Viewing by Calling 020 8310 2416 or follow the direct link on the property listing: An agent will meet you at the property to show you around.
Stage 2: Referencing
2. Put Down a Holding Fee: If you like the property you have viewed, a £200 Holding Fee is required whilst referencing takes place (Steps 2, 3 and 4 all need to be complete before this can happen). Upon successful references, the Holding Fee will then be deducted from the first months rent that will then be due.
3. Provide ID: Two forms of ID are required, one Name ID and one Address ID for each tenant/guarantor. Acceptable Name ID: valid passport, valid driving licence (both photocard and counterpart). Acceptable Address ID: utility bill (dated within the lat 3 months), council tax bill, bank statement (dated within the lat 3 months).
4. Administration and Referencing: An Admin fee of £60 (incl. VAT) per property and a Reference fee of £45 (incl. VAT) per person over 18 and per guarantor is due before referencing can commence. Referencing typically takes 3-5 working days, although may take longer. Delays generally occur due to waiting for employer references to be returned – why not let your employer know to expect a reference request to help eliminate any unnecessary delays.
Stage 3: Finalising
5. Offer Accepted (subject to contract): As soon as we have the results of your references and you have been accepted, we will contact you to let you know.
6. Final Payments: Once you have been offered the tenancy (subject to contract) and a move in date has been agreed, the first month’s rent and security deposit will be due. The Security Deposit is typically one months or six weeks rent and will be protected within a Government approved deposit scheme, full details of which you will be provided.
7. Paperwork: A move in date will be agreed and final paperwork arranged. This will include signing the Tenancy Agreement (and Guarantor Agreement if required) and Standing Order form.
8. Inventory: On the day you’re due to move into your new home, an Inventory Clerk will meet you at the property to walk you through the Inventory and Schedule of Condition. The propertys condition is agreed and recorded. This is done to protect both you and the landlord should a dispute arise.
9. Moving In: As long as Steps 5-8 are all complete, you will receive the keys to your new home.
10. Enjoy Your New Home!