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Renting Process

Before you choose a property you must ensure that you will be able to afford the monthly rental payments and outgoings. There is a simple calculation which you can apply: Multiply the monthly rent by 30. If your annual salary exceeds this amount, you should pass the first stage of the referencing procedure. (i.e. the property you have chosen has a monthly rent of £500.00pcm, you will need to earn an annual salary of £15,000 or more). If you are a couple and you both work, your joint income will be taken into consideration.

Tenants must also be able to provide one year continuous full time employment history

1 APPLICATION FOR A TENANCY

Applicants wishing to take up a Tenancy will be required to complete a confidential application form, to provide personal and financial details

You must provide proof of identity: Photo Driving Licence or Passport

AND

Proof of residency at your current address by producing one of the following:
A utility bill no more than 3 months old or
A recent bank statement or
A recent Council Tax bill.

2 TENANCY RESERVATION AND REFERENCING

To demonstrate a commitment to rent the property whilst referencing checks take place a tenant will have to pay holding deposit which is equal to one week of the total rent for the property. We will stop advertising the property as soon as we receive the holding deposit in clear funds. The holding deposit will be refunded where the tenant later enter into a tenancy agreement, the landlord decides not to rent the property, an agreement is not reached before the deadline and the tenant is not at fault. The deadline is fifteen days.

We will retain a tenant’s holding deposit if they provide false or misleading information which reasonably affects our decision to let the property to them, they fail a right to rent check, withdraw from the proposed agreement or fail to take all reasonable steps to enter an agreement when the agent and/or landlord has done so.

3 TENANCY AGREEMENT

PLEASE NOTE THAT THE GRANTING OF THE TENANCY IS SUBJECT TO CONTRACT.

The Tenancy Agreement is legally binding document between the Landlord and the Tenant. You should read the Agreement carefully and ensure you fully understand it.

The Agreement you sign is usually an Assured Shorthold which means you can stay in the property for the period of the Agreement (provided all the obligations are met).

The signing of the Tenancy Agreement will take place at our offices at: Medina House, 334 Silbury Boulevard, Milton Keynes, MK9 2AE at a time to be determined.

If the Landlord wishes to end the tenancy you will be given 2 month notice to vacate the premises when the Agreement expires. You can only leave the property at the end of the period stated in the Agreement.

If you vacate the property early you will be responsible for the rental payments and utility/council tax bills for the remainder of the period.

Please note that if there is more than one Tenant, each Tenant will be liable for all sums due under the agreement and not just liable for a proportionate part.

4 RENT

All rents are normally payable in advance by standing order and due on the same day of the month.

5 DEPOSIT

The deposit is equal of 5 weeks rent. Marshalls Estate Agents are members of The Deposit Protection Service (DPS) where your deposit will be protected. Information about the DPS will be in the Tenancy Agreement.

6 UTILITIES AND COUNCIL TAX

As the Tenant you are liable for all services connected to the property: i.e. Electric, Water, Gas, Telephone, Council Tax and TV licence. Although telephone points and TV aerial or cable points may be present there is no guarantee they are live and it is the tenants responsibility to make these active if required.

It is responsibility of the Tenant to inform the utility companies and Local Authority at both the beginning and end of the tenancy. Rents are quoted exclusive of Council Tax and Utility bills and Tenants will be responsible for payments. Tenants should request telephone service and must advise the Landlord or managing agent of the telephone number.

7 INSURANCE

The Landlord is responsible for insuring the property and any contents that are left in the property. You must insure your own belongings. The Landlord and Marshalls Estate Agents cannot and will not be held liable for any loss suffered by the Tenant whatever the circumstances.

Marshalls Estate Agents are a member of Client Money Protect, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme.

For further information please contact us on 01908 606908.

Email: Inga@marshallsestateagents.co.uk