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Information for
Tenants > Terms & Conditions
Terms &
Conditions of renting with us
1.
Rent- Payable monthly in advance by
standing order. In the case of joint tenancies only one standing order
can be accepted.
2.
Security Deposit - An amount
equivalent to 4-6 weeks rental and payable in advance - to be returned
subject to any deductions e.g. breakages after the tenancy has ended and
the property checked. Interest will not be paid on deposits. Banker's
drafts and building society cheques are the only acceptable forms of
payment. Personal cheques cannot be accepted. Cash cannot be accepted for
security reasons.
3.
Tenant's Set Up Fee - To cover our
administration costs, costs of credit references and, where appropriate,
the cost of drawing up an inventory of the property's contents and
condition. Personal cheques, building society cheques or bankers drafts
are the only acceptable forms of payment for Tenant Set Up Fees. Cash
cannot be accepted for security reasons.
4.
References required - Applications
for a tenancy are independently assessed by a credit-referencing agency.
An Application Form is completed and confidentially processed, with a
result normally within 48 hours.
5.
Advance Payment - A sum paid at
the time the application is made to hold the property. This is credited
against the tenants setup fee when the tenancy proceeds. If the result of
the credit reference is unsatisfactory or the application is withdrawn by
you, no refund can be made. If a satisfactory reference is obtained and
the landlord withdraws the property before a tenancy agreement is signed,
then a full refund will be made.
6.
Rental Term - The normal
minimum term is 6 months. Other terms are available by negotiation.
7.
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.
8.
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 agreement and all outstanding monies are paid to EDI Property
Division. Payment may only be made by banker's draft or building
society cheque.
9.
Non-Managed Lettings - Where EDI
Property Division 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.
10.
Timescale - A minimum of
seven working days will be the time required before move-in (subject to
satisfactorily received references and property availability). Please
bear this time frame in mind.
11.
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 sign the lease and other
documentation prior to or on the day of sign up, or a move-in will not
occur. All signatures must be witnessed by EDI Property Division
staff at time of signing. All 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 along
distance away.
12.
Note - Due to a fast moving lettings
market, the first party to complete an application form and pay an
advance payment by cheque with ourselves will be considered as the
potential tenant, subject to credit check and terms and conditions;
despite any verbal undertakings that may have occurred during previous
viewings with any party.
13.
Restrictions - Some rental
properties have certain restrictions allocated by the landlord relating
to sharers, smokers and tenants with pets. If a pet is to enter a
property, then the security deposit will reflect this, depending on size
and species of pet. All applicants must be over the age of 18.
14.
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/agent for landlord.
15.
Informing the utility companies - Once you have
signed your tenancy agreement you must contact your new service providers
(electric, gas, water & telephone), it is advisable to check the
meter reading as soon as you get to the property.
16.
Further responsibilities include -
o
Ensuring you have a valid television licence
registered to your new address (whether ownership of the TV is the
landlord or yourself)
o
Contacting your local authority and arrange payment
of council tax
o
Responsibility for upkeep of any gardens
o
Contents Insurance- you must ensure that you have
adequate insurance to cover your own personal contents, as these will not
be insured under the landlords building and contents policy.
17.
Your Tenant Folder - Upon signing
of your agreements EDI Property
Division Lettings will hand you a Welcome folder, which
you should read carefully and keep it safe as it will contain lots of
useful information such as, a
copy of your tenancy agreement, a welcome letter explaining what service
we have with your landlord as agent, a copy of the gas safety record if
applicable, etc.
18.
Inventory - An inventory
will be provided to you on the property contents and condition by the
landlord or the landlord's agent As a new tenant you have a window of
opportunity to comment on that document and return the enclosed comments
form within FOUR DAYS of receipt. We advise all tenants to thoroughly
check this important document and return in good time.
19.
Early Termination of your tenancy - Upon it being
agreed by your landlord the tenancy will be terminated by the tenant
giving two months written notice, such notice to expire on a rent payment
date and may be subject to the tenant paying the landlord's re-letting
costs.
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