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TERMS & CONDITIONS FOR PROFESSIONAL APPLICANTS OF ASSURED SHORTHOLD TENANCIES
Requirements for Making an Application
1. Fully completed and signed application forms
2. Fully completed and signed terms & conditions
3. Payment of fee and deposit (cleared funds)
4. Signed Tenancy Agreement (must be returned to PRO
5. Lettings office within 7 days of initial application)
How much money is paid in advance?
Reference & Admin Fee = £94.00 (£80.00 +VAT) PER APPLICANT. (for referencing, credit checks, administration & legal costs)
Security deposit = Equivalent of 1 x months rent (unless agreed otherwise) Rent = 1st instalment of rent in advance.
(Banker’s drafts, building society cheques and cash are the only acceptable forms of payment. Personal cheques cannot be accepted for 1st rent instalment.)
Rent - Payable monthly in advance by Standing Order.
Security Deposit - Equivalent to1 month’s rent, amount payable on application - to be returned subject to any deductions e.g. breakages, after the expiration of the tenancy. Interest will not be paid on security deposits. If the application is withdrawn by the APPLICANT, the Security Deposit will not be refunded.
Admin Fee – SEE ABOVE, - payable in advance - To cover our administration costs & costs of credit references. Property will not be reserved until personal cheques have cleared. This fee is non-refundable following application, under any circumstances.
References - Applications for a tenancy are independently assessed by a credit-referencing agency. An Application Form is completed and confidentially processed, with a final result usually taking 7 -10 working days.
Rental Term - The minimum term is 6 months, unless agreed otherwise.
Boards - The agent reserves the right to erect “Let By” boards for a short period of time at the start of each new tenancy period for marketing purposes.
Possession - Possession of the property will be granted on the date of commencement of the agreement, providing all of the tenants and any guarantors have signed the agreements and all outstanding monies are paid to PRO Lettings.
Non-Managed Lettings – Where PRO Lettings are not responsible for the management of the tenancy, the security deposit will be forwarded to the landlord to hold. You will be supplied with the Landlord’s contact details to report any maintenance issues.
Guarantor - Guarantors may be required in certain situations. A credit check will be required prior to any application being considered. It is the responsibility of the potential tenants to make sure that guarantors are available to sign the contract and other documentation prior to or on the day of sign up, or a move-in will not occur. All signatures must be witnessed. Guarantors are signing a legal document and must be aware of their liabilities to cover the rent and security deposit should tenants default on payment or if the property is damaged. Please bear all of the above in mind, particularly if guarantors live some distance away.
Note - Please be aware that we will continue to market the property until we receive ALL the necessary paperwork & payments, despite any verbal undertakings that may have occurred during previous viewings with any party.
Restrictions - Some rental properties have certain restrictions allocated by the landlord relating to sharers, smokers and tenants with pets. If the tenancy includes any of these, then the security deposit may reflect this, depending on an individual property. All applicants must be over the age of 18.
Taking care of your new home - Once you have signed the tenancy agreement, responsibility for the property will rest with you, the tenant. You must report immediately any maintenance, gas or electrical faults to your landlord or agent, and keep the property in good order.
Informing the utility companies - Once you have signed your tenancy agreement it is your responsibility to contact your new service providers (electric, gas, water & telephone); it is advisable to check the meter reading as soon as you arrive at the property. Please remember to purchase your TV licence.
Tenant Manual – Where PRO Lettings are responsible for management of the property, you will be given you a Tenant Manual, which should be read carefully and kept in a safe place, as it will contain lots of useful information such as, a copy of the gas safety record if applicable, how to conduct your tenancy and useful telephone numbers, etc.
Inventory - Where PRO Lettings are responsible for management of the property., an inventory maY be provided to you with details of the property contents and condition. As a new tenant, you have a window of opportunity to comment on that document and return the enclosed comments form within SEVEN WORKING DAYS of receipt. We advise all tenants to thoroughly check this important document and return in good time. A copy for your records is available on request.
Early Termination of your tenancy – Unless specifically agreed with your landlord, the tenancy cannot be terminated by the tenant or landlord until the end of the arranged term.
IF YOU HAVE FURTHER QUESTIONS, PLEASE DO NOT HESITATE TO CONTACT US ON:
Tel: (01332) 298 198
Email: derby@prolettings.co.uk
Fax: (01332) 366 436
PRO Lettings would like to clarify:
(a) The property details are a general outline only, for the guidance of any potential purchasers/tenants and do not form part of an offer or contract.
(b) All property details are understood to be correct, but any intending tenant should not rely on them as statements of fact and must thereby satisfy themselves by their own inspection.
(c) ALL requested paperwork and monies due must be received at the PRO Lettings office before any keys will be released for a property.
(d) E&OE (Errors & Omissions Excepted.)
(e) © Copyright PRO Lettings Ltd 2003-2007
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