Central Property Lettings

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Tenant Information

 

As an independent agency we provide a personal and professional service tailored to finding you the right property to rent, taking into consideration all your personal circumstances and requirements.iStock_000005240379XSmall

Private Tenants

All properties require the payment of a Security Deposit, plus one month's rent in advance. If we are successful in finding a property for you there will be an application fee of £110(incl VAT) (Per Applicant), effective January 2011. Credit & Reference checks will then be carried out via a national Credit & Reference agency.

Refunds

There will be no refund if:

a.        you withdraw or,

b.        you fail the credit check.

If the Landlord is unwilling to proceed with the letting there will be a full refund.

Credit & Reference Checks

Prior to these being undertaken all applicants will be required to provide the following:

Bank Statements & Wage Slips (last two months)

Confirmation of employment

Proof of present residence (Utility bill etc)

Previous Landlord Reference/Details (if applicable)

(If self employed, we will need your accountants details and you must be able to show three years trading figures).

Identification

Proof of identity will be required. This would normally be on the production of a Passport or a Driving Licence with photo-card.

The Rent

All rents are payable by Standing Order in advance, and are due on the first of each calendar month. You may be asked to pay an adjusted amount of rent initially to bring the rent due date to the first of each month. It is also possible to pay the full rental in advance.

Security Deposit

A Security Deposit will be required, to be held against possible damage, dilapidations, or any other outstanding monies. This is returnable, less any such deductions, after the end of the tenancy. (See Tenants Deposit Protection Scheme for further information)

Initial Payment

Payment must be made by either Bankers Draft, cheque or cash – all personal cheques must clear prior to commencement of tenancy.

Type of Tenancy

This will normally be an Assured Shorthold Tenancy (AST) Agreement for a minimum term of six months.

Commencement of Tenancy

If the property is vacant the tenancy should normally start no later than ten days from the date the application is accepted.

Keys will only be released when

  • satisfactory references have been obtained,
  • we have our client’s final consent,
  • all legal documentation has been signed
  • all monies have been paid and cleared
  • 

Tenant’s Quick Guide to: Referencing Criteria

Each applicant must:

  • Have been in continuous full-time employment for at least 6 months
  • Earn a salary, which equates to at least 2.5 times the rent
  • Have good references from their previous Landlord or Managing Agent (if applicable)
  • Have a good credit history

You will require a Guarantor or may be asked for additional rent/bond if:

  • You have not been in continuous full-time employment for at least 6 months
  • You have had a break in employment exceeding 2 weeks during the past 6 months
  • You earn less then 2.5 times the rent
  • You are unemployed and in receipt of housing benefit
  • You are a student
  • You are a foreign national or expatriate not in a recognised professional post

You will be declined outright if:

  • There is an adverse credit history that has not been declared or does not meet our criteria (we can sometimes accept a small CCJ/CD provided that it has been declared)
  • You earn less than 1.5 times the rent
  • We receive adverse references from your employer and/or previous landlord (if applicable)

and Finally…

Please note the above is only a basic guide to our referencing criteria. For further clarification please contact to us.

We try to ensure that our property details are accurate and reliable, but they should not be relied upon as statements or representations of fact. They do not constitute any part of an offer of contract. If a property is withdrawn at any time, Central Property Lettings regret that we cannot accept liability for any costs or inconvenience suffered by the applicants, however, we do look at every case individually.

 

 

 
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