Below is everything you need to know about tenancy agreements. If you have any more questions please do contact us.
Axworthy keep a register of applicants for tenancies, and these are matched to the properties available.
A property agent will ask for financial and character references, which will be taken up by the agents.
How Do I Secure a Property?
To secure a tenancy, a tenant is normally asked to pay a deposit of £100 (sometimes more).
This deposit will be deducted from your ingoing costs (see FAQ below)
Should an application for a tenancy not proceed for any reason, the deposit will be refunded less any fees and administration costs that have been incurred.
About payments before the start of a tenancy
Before the tenancy begins, the agents will send a memorandum to the tenant and landlord, giving details of the ingoing costs, which will need to be paid to the agents before the tenancy:
- One whole month’s rent
- The bond or returnable deposit
- The agents administration fees
If a tenant has paid an initial deposit to secure the property, the amount of the deposit will be offset against the above amounts.
About payments of rent etc
Initial payments (ie deposits, bond and first month’s rent) are normally made in cash or by cheque.
Personal cheques must be received at least 7 working days prior to the start of the tenancy, to allow the funds to clear in the bank.
Rent is always payable calendar monthly in advance, usually on the day when the tenancy commences ie: if your tenancy commenced on 12 March, the rent is payable on the 12th day of each month of the tenancy.
Rents are normally paid by banker’s standing order.
About the tenancy agreement
The agents prepare a tenancy agreement, which is signed by both the landlord and the tenant before the property is handed over to the tenant.
The agreement sets out the terms of the tenancy, including the rent payable, the shorthold term, and what obligations are placed on the landlord and tenant.