Tenant's Guide to Renting Property
When you decide it’s time to move, there are lots of things to consider: where do you want to move to? What kind of price do you want to pay? What are you must-haves and would-be-nice-to-haves?
1. Register your requirements:
The rental market can move very quickly - especially in the Cheltenham, Bishops Cleeve and Tewkesbury areas - and properties can often be let before they’ve been advertised. By registering your requirements with Peter Ball, however, we can help you be the first through the door of newly listed homes. By registering with us, you’ll also be made aware of new properties that match your criterial before they go online; be the first to hear of price reductions on rental properties; and be the top of our call list when new properties come to market.
2. Finding the right property
Once we have a clear understanding of your requirements, you’ll receive a selection of properties that match your criteria. When looking for a property to rent, it’s good to make a list of your requirements: what do you need to have in a home, and what would be a nice extra? You also need to consider location, budget, how long you want to live in the property, and any dates you have in mind for moving. We recommend starting your search around 8 weeks before you want to move home.
3. Viewing Properties
Once you’ve found a home that you want to view, our team will accompany you to the property to view it. Our Lettings office is open Monday to Saturday at times that suit you, so you’ll find a convenient time after work to view or at the weekend.
4. Making an offer/securing a property
All offers are subject to to credit, reference and Right to Rent checks. An experienced member of our team will put your offer forward to the landlord on your behalf, and once the offer has been agreed, you will need to put a holding deposit down as an expression of intent to rent the property.
5. Credit and referencing checks
You’ll be asked to provide references to your prospective landlord and the letting agent to confirm that you’ve rented in the past without any major issues. You’ll be referenced by an external company to ensure there is no bias, and, as part of this process, Peter Ball & Co may also request further details.
You will need to provide:
- Three years’ address history
- Landlord details for any property rented in the last three years
- Confirmation of earnings per annum that are equal to the monthly rental fee multiplied by 30
- If you’re retired, then your (joint) pension per annum will also need to be equal to 30 times the monthly rent
- No adverse credit in the form of a county court judgement (CCJ), bankruptcy order or similar
- If you’re self employed, either an accounts reference, or you must provide evidence of the last three years’ tax returns
6. The deposit
Once the deposit has been paid in full - which usually amounts to five weeks’ rent - the property is secured. The deposit is held as the landlord’s cover for any excess damages that need to be repaired at the end of the tenancy.
7. The Tenancy agreement
A tenancy agreement 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. All relevant parties will be asked to sign this document, as it outlines the responsibilities of the landlord and tenant.
8. Safety Regulations
There are a number of safety regulations and much government legislation that a landlord must follow and meet prior to a tenant moving into a property. This includes gas and electricity safety inspections, Legionella Risk Assessments and fire safety. You should receive copies of all of these assessments before you move into a property.
9. Moving-in day
Once all movies have been received - which we require in cleared funds a minimum of three days before the tenancy starts - and all of the tenants and landlords have signed the tenancy agreement, you will be given keys to your new home and be able to move your belongings in.
10. Inventory and property inspections
The inventory is a detailed list of contents and condition of the property when you move into it. We will ask you and the landlord to sign the inventory, and you can, of course, make notes if there is anything you don’t agree with. By signing the inventory at the start of the tenancy, any risk of disputes at the end of the tenancy will be minimised.