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 make it easy and give you a list of everything you will need to bring with you to your contract signing appointment.
Financial Guarantor Form
For peace of mind for you and the landlord we will ask you to provide details of a suitable financial guarantor. Your guarantor will be the person who agrees to pay your rent if you encounter difficulties with payment. All we ask is that they are a UK based homeowner, over the age of 21 and in full time employment (or able to provide suitable proof of income). Your agreed guarantor will need to complete the appropriate form which you must then bring with you to your contract signing appointment.
Some contracts will be 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.
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 have introduced a ‘no cash’ policy to save you the hassle of carrying around large amount of your hard earned money. Payments can be made by cheque, bankers draft or credit/debit card. (** If your contract signing appointment is less than 14 days before the day you move in payments can only be accepted in cleared funds.
Remember to bring two forms of ID with you so we can confirm that you are who you say you are! Not sure what to bring? Passports, driving licenses, bank statements and student ID cards are usually the best options.
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 on the dotted line forms a legally binding contract 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:
Download Example Keylet Management Tenancy Agreement
Download Example Keylet Let Only 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. In line with the marketing time frames of the student lettings market we need to know as soon as possible if you intend to extend/resign for your property for another year. We will be in touch around November/December time and all we ask is that you let us know your intentions to ensure that we can make the necessary arrangements for you.