YOU MUST ENSURE EACH TENANT CAN PROVIDE THEIR OWN 'GUARANTOR':
Guarantors must be in full-time employment and a UK homeowner
(if any guarantors are retired/tenants OR if any tenants are International Students, please email us to discuss further, before reserving the property)
The following is a non-exhaustive list of the Lead Tenant's duties and responsibilities:
Payment of the Holding Deposit ensures that the Property has been reserved and will not be offered to any other applicant(s) by First 4 Lettings, awaiting the completion and receipt of all paperwork and documents as per the 'Reservation Receipt'.
The 'Holding Deposit' will be applied towards the first payment of rental.
The Holding Deposit and any other amounts paid will be forfeited as liquidated damages under any of the following non-exhaustive circumstances. If you:
Should any of the tenants fail to return their completed paperwork or sign the 'Reservation Receipt' within the allocated time, the Holding Deposit will be forfeited and the property will be re-marketed.
All properties are let on an 'as seen basis' and any changes/clarification to the specification, furnishings, decorative condition and/or cleanliness of the property must be agreed upon at the time of reservation by email.
It is your responsibility to enquire as to what the exact furnishings are when you reserve the property, as some items you see at the property at the time of viewing may not be included when you move in.
A security deposit is paid to cover any breakages, damage or other tenant liabilities but not to cover rent. This is usually equal to £250.00 per tenant and is due 31/05. At the end of the tenancy, a property inspection is carried out to assess any damages/deductions due.
Where First 4 Lettings are managing the property, the deposit will be protected with 'The Deposit Protection Service' under their custodial scheme. More information on this scheme can be found at www.depositprotection.com.
Where First 4 Lettings are not managing the property, the deposit will be due directly to the Landlord and the Landlord will be advised of their duties and obligations with regards to the deposit.
The discounted rental period is half of the monthly rental, on the condition that the tenants shall not reside at the property during this period (usually July and August), this includes any of the tenant's possessions and/or belongings.
On a standard 12-month tenancy (01 July – 30 June) and where First 4 Lettings are managing the property, 'RENTAL PAYMENTS' are due as follows:
DUE DATE | PERIOD |
---|---|
Signing of Tenancy Agreement | July & August |
31/05 | September |
30/09 | October, November, December & January |
31/01 | February, March & April |
30/04 | May & June |
RENTAL PAYMENTS MUST BE MADE BY TRANSFER TO OUR ACCOUNT, UNLESS OTHERWISE ADVISED
RENTAL PAYMENTS MUST BE PAID IN FULL FROM ONE ACCOUNT ONLY
RENT (per room) IS CALCULATED ON A CALENDAR MONTH BASIS, BY MULTIPLYING THE WEEKLY RENT BY 52 AND DIVIDING BY 12 (this is usually rounded up to the nearest £5).
In the event of a tenant being unable to meet their obligations under the tenancy agreement, the guarantor is legally bound to accept the liabilities on behalf of the tenant.
A guarantor must:
Each guarantor will be required complete and sign a 'Guarantor Agreement' which must be emailed to us with a copy of their Photographic ID (UK Driver's Licence/Passport).
If suitable guarantors are not provided you may be required to pay the full rental for your tenancy in advance or use an independent rent guarantor service (e.g. Housing Hand).
The tenancy agreement is a legally binding contract between a landlord and a tenant specifying the terms and conditions of their rental agreement. Standard tenancy agreements are for 12 months from 1st July – 30th June (the following year).
The tenant's liabilities will be 'joint and several'. The key point to note here is that all tenants are jointly responsible for all aspects of the agreement. For example, should any one of the group defaults on any aspect of the agreement (i.e. rental payment), we have the right to pursue others within the group for the payment of that share.
MANAGED BY FIRST 4 LETTINGS:
The Lead Tenant will be responsible for arranging an appointment with the date and time (during our office hours) to collect the keys.
Failure to make an appointment to collect keys and/or failure to bring the relevant ID documents may result in keys NOT BEING ISSUED.
The tenant will be issued with all keys and emailed the 'Property Inventory/Schedule of Condition*', provided all conditions with regards to the reservation have been fulfilled.
*The 'Property Inventory/Schedule of Condition' is a full and detailed report of the furniture, contents and state of repair of the property.
Although we will register the tenants for utilities and council tax, it is the tenant's responsibility to ensure all relevant utilities and the council tax have the correct meter readings and details respectively.
NOT MANAGED BY FIRST 4 LETTINGS:
Tenants will have to contact their Landlord directly for key collection unless otherwise advised..
The 'Landlord's Contact Details' along with your ‘Tenancy Agreement’ will be emailed to all tenants prior to the tenancy commencement date.