The contract
You’ve paid your agency fee…… what happens next?
Our aim is to make the contract signing and legal aspects of your new tenancy as straight forward as possible. Once you have reserved your dream property we’ll provide you with details of everything you will need to bring with you to your contract signing appointment.
Financial Guarantor Form
In some instances you may required to provide details of a valid financial guarantor. This is often the case if you have not been with your employer for long or the guidelines of your income at the time of taking the property fall a little short of what is required. A guarantor will be the person who agrees to pay your rent if you encounter difficulties with payment. They will be reference checked in the same way we do for our tenants & will need to complete the appropriate form which you must then bring with you to your contract signing appointment.
References
All our contracts are subject to the provision of suitable references which we will apply for via a Credit Referencing Agent. There may be occasions where by we are unable to obtain suitable references but we will do our best to offer you honest advice to assist you with your options.
Payments
We understand that raising a lump sum to pay a deposit and the rent can put a dampener on signing for your new home but the plus side is that the bulk of what you’ll pay at your contract signing (the deposit) you will get back when your tenancy comes to an end. Bond and rent payments as confirmed during your booking process must be paid for the contract signing to proceed. We operate a ‘no cash’ policy so your payment will need to be facilitated either a bank transfer in advance or paying at our office using your debit or credit card. Payments can only be accepted in cleared funds.
Identification
Please bring with you two forms of ID. Forms of ID that we can accept include your Passport(s), driving license(s), or a recent bank statement
Sealing the Deal
The details of the contract you will be signing will be confirmed during the booking process. This will include specific terms relating to the rent and bond amounts and the length of your tenancy. You will be signing an ‘Assured Shorthold Tenancy Agreement’ which once signed forms a legally binding contact between you and the landlord.
We will make sure you have plenty of time to read the contracts before signing and will be on hand to answer any questions you might have.
If you would like to have a read through the contract before coming in to sign you can print off a standard version using one of the links below:
Keylet Management Tenancy Agreement
The Joint Tenancy explained
One of the most frequent questions we get asked is ‘ What is a joint tenancy?’ So, in short…….. Joint tenancies are contracts agreed with two or more tenants. Each tenant signing onto the contract is jointly responsible for meeting the terms of the tenancy in full including paying the rent. Under a joint tenancy all the tenants have equal rights and are equally liable to cover any defaults in rent payment.
Extending your stay
We welcome all good tenants who wish to extend their stay with us and renew their contracts. We will contact you around 6 weeks before your current contract is due to expire to confirm your intentions and make the necessary arrangements. Should you wish to renew your tenancy it will be for a new fixed term contract. A renewal agency fee will need to be paid & we will have to perform the credit & employment check again for you your Guarantor where applicable.
