Renting is not always cheaper than owning your own home but is more accessible and offers you more flexibility
You can move residence with much shorter notice and relatively quickly if you plan to change jobs or move away to study. Bills are more predictable too, as you do not pay for property maintenance, which is great for those who prefer stable finances, so with fewer planned out-goings you may be able to save more money.
How do I rent a property?
Once you have found a property which you like and would like to rent, there is a process which you must go through , this is standard with any lettings agent and is in place for your protection as well as the landlord.
1. Offer - once you have decided upon the property and thought about your affordability for the rent and the term which you would like, you make an offer which we will convey to the Landlord who will accept or reject.
2. Holding deposi t – we no longer charge tenant fees; we do ask for a holding deposit equating to 1 weeks’ rent. This is to take the property off the open market and to ‘hold’ it whilst referencing takes place. If the reference comes back clean, this is taken from your first payment.
Please note that should references’ fail or, if you back out once the process has started then this deposit is non-refundable.
3. References – we will ask for photo identification and proof of current address which will need to be verified in person. The reference process will be looking at Right to rent in the UK, a credit check, previous landlords’ reference and bank and employment details.
Please note that should references’ fail the holding deposit is non-refundable.
4. First Rental payment – made to the Agent before key release and consists of:
a) Deposit (the equivalent of 5 weeks rent) and this will be held in a Government approved custodial scheme for the duration of the tenancy.
b) Pro-rata rent for the remainder of the ‘move-in month’ which is calculated on a daily rate
c) Rent in full for the following month
d) Minus the weeks holding deposit already paid
5. Move in day – a Tenancy Agreement is drafted which is a legally binding document that sets out the terms of the tenancy and is drawn up to ensure the rights and obligations of both the tenant and the landlord are adhered to. Once you have read through and fully understood the content, it is then signed, and a copy included in your tenancy pack for your records. On payment of the first account keys will be released and we will do your check-in at the property and read the meters.
Vanmark Lettings & Management offer a professional, personal, and friendly service with expert advice. Although we are instructed by the landlord, we ensure all tenants are treated fairly and kept up to date with current regulations and legislation.
What are my responsibilities as a tenant?
- Paying your rent and any other bills and rates on time
- Keeping the property in a clean and tidy condition and in a reasonable decorative order
- Repairing or replacing anything you have broken or damaged and reporting to us when you can’t
- Keeping the interior of the property in reasonable decorative order
- Comply with the terms of your tenancy agreement
- Adhering to the terms in your tenancy agreement regarding smoking, pets, parking, gardening etc.
- You are also responsible for the behaviour of everyone in your household and of anyone staying with or visiting you.
- Trying not to upset or annoy your neighbours by behaving in an antisocial way or allowing anyone in your household (including children) to do so.
It can be difficult to find good property to rent but talking to Vanmark Lettings & Management is your first step to finding what you need call us today on 01993 835588