Renting: Frequently Asked Questions
Be clear on the rental market
I need to find a property to rent. What am I going to do first?
It’s a good idea to write down a budget before you begin looking for your new home. What are your present expenditures and what money have you left to spend on rent each month? Bear in mind that when you step in first, A security deposit as well as a rent for the first month and a refundable holding deposit will be required.
I found a property I'd like to rent. What's next?
If you haven’t already visited the property, make sure you go and see it. If it is a house-share, meet with all the individuals with whom you are going to move in. The lettering agent will ask you to sign a Tenancy Fee Declaration form listing the services they are going to provide and the Permitted Payments that you expect, According to the 2019 Tenant Fees Act. To guarantee that you are in a situation to rent the property, the agent will then start the referencing process.
Why do I need to be referenced?
The landlord must be sure that their tenant will have no issues with paying the rent on a monthly basis and that the tenant will be taking excellent care of their property.
What does referencing involve?
Referencing is not a matter of concern. Tenants applying for rent must provide information of their employer and earnings, their prior address, and some details of their bank account. These will be checked to guarantee they can commit to rent payments on a monthly basis.
Do I need to show ID?
We need to be sure that a tenant is who they say they are as part of the referencing process. We will require evidence of residence (such as a tax bill from the last 3 months) and evidence of identification (such as a passport or driving license).
What if my reference is having issues?
In some circumstances, a tenant may not be approved immediately via referencing. Obvious examples are students without a regular income, or someone leaving their family home for the first time with no renting history. This is not uncommon, and there are still options for tenants in this position. They could pay the rent for the full term up front, or seek out a guarantor. This is not unusual, and in this situation there are still possibilities for tenants. They might pay the rent up front for the complete term, or look for a guarantor.
What is a guarantor?
If the referencing process does not completely approve a tenant, they may ask a guarantor to assist them. If the tenant fails to do so, a guarantor (generally a parent or guardian) will agree to take joint accountability for the property rental. Guarantees must pay any rent arrears (if the tenant does not pay) and any damages that cost more than the deposit.
What needs to be done by a guarantor?
A guarantor must undergo the same process of referencing as a tenant. The standard requirement is to be employed and a resident of the United Kingdom, with adequate income to cover the rent obligation of the tenant.
Why does my guarantor have to guarantee all tenants?
The tenancy agreement makes all tenants collectively liable for all rents and liabilities in the event of a house-share. There is no individual rent ‘ share ‘ written in the contract. Consequently, the guarantor has the same responsibility.
Why do I have a deposit to pay?
The landlord has trust in the tenant to maintain the property in good condition and order. The deposit is held to ensure that any damage can be corrected at the end of the tenancy (over and above fair wear and tear).
What's going to happen with my deposit?
Approved tenancy deposit scheme requires landlords and allowing agents to register your deposit. With a plan like My Deposits, Paramount Sales And Lettings landlords register their deposits. Then either the landlord, the agent, or the deposit system itself holds the deposit.
What does a Tenancy Deposit Scheme do?
A tenancy deposit scheme will protect the money for you and can provide assistance if at the end of the tenancy there is a dispute over the deposit.
What is a tenancy agreement?
A tenancy contract is a contract signed by the landlord as well as the tenant. It describes all the laws that must be respected by both sides.
What is a routine visit?
Your landlord or agent will plan visits to the property on a regular basis. They want to make sure the property is looked after and kept in good condition, and they will be looking for any maintenance issues.
Who is responsible for repairs?
The landlord is responsible for the maintaining repair of the property. They will either take care of this immediately, or do so through a letting agent – make sure you know who to go to when at the start of the tenancy there is a fault.
Can I decorate or make changes to the property?
In most cases, with the landlord’s express permission, a tenant can only decorate or make changes to the property. We suggest that you receive this written permission.
What if I damage the property accidentally?
Don’t worry – there are accidents. Tell as quickly as possible whoever is responsible for the maintenance of the property (either the landlord or the letting officer). You are expected to cover the price of correcting it. Do not try to ignore or hide damage because it could get worse, and at the end of the tenancy it will only come out of your deposit.
What if the landlord isn't keeping to their side of the agreement?
If a tenant thinks that the landlord does not keep to their side of the contract – for example, not keeping the property in a fit state of repair – then the first thing that the tenant should do is talk to their letting agent. The letting agent is responsible for the tenant’s care, And can assist solve problems depending on the sort of service the landlord has with the agent. Talk to your letting agent or landlord to find out your landlord’s level of service. Alternatively, the Citizens Advice Bureau can provide autonomous advice to a tenant.
When can the property be entered by my landlord?
Before entering the property, a landlord must give the tenant notice, unless it is an emergency.
What if I want the tenancy to end?
If you are tied by a fixed term agreement, you will be responsible for the rent until to the end of the set term. If you are no longer in a set term contract (i.e. a rolling contract), the notice you need to deliver will be defined by your tenancy agreement.
What if I am unable to pay my rent?
Paying the rent is always your duty, but conditions are changing. What happens if you become unemployed or because of illness are unable to work? The most significant thing is not to allow arrears to accumulate until they are unmanageable. Speak to your landlord or agent and see if your payments can be rescheduled. And don’t forget, to maintain yourself protected, you can be insured against illness and unemployment.